Bob, a Defi platform that combines Bitcoin security with Ethereum’s Defi innovation, announced the completion of a series of strategic funding rounds since December 2024, increasing the total to $21 million.
These funding rounds accelerate the development of Bob’s hybrid chains, putting Bitcoin at the heart of defi, unlocking new use cases and trillions of liquidity.
Bitcoin Defi has 100 times the growth opportunity
A press release shared with Beincrypto reveals that many of Bob’s existing investors have strengthened their commitments in the recent $9.5 million strategic round. These multi-round investors include Castle Island Venture, which led the original $10 million seed round, and Ledger, Rockaway, Asymmetric, iOSG Ventures, UTXO Management, Daedalos, CMS, Bankless Ventures, Hypersphere, Alliance, and Sigil/Zeeprime.
Bob also welcomed new strategic investments from Anchorage, Amber Group and SATS ventures, joining a wider group of supporters in this latest strategic round.
The company claims that Bitcoin’s full potential represents a $750 billion potential capital opportunity and a growth opportunity of 100 times that of Bitcoin debt.
Bob co-founder Alexei Zamyatin said in a press release shared with Beincrypto:
“As a gateway to Bitcoin defi, Bob intends to be the easiest and safest place to make money with Bitcoin. Its hybrid chain model combines the strengths of the Bitcoin and the Ethereum network. Bitcoin yield across multiple chains.”
Nick Carter, founding partner at Castle Island Ventures, said:
“We believe in the great potential of Bitcoin debt and consider BitVM to be the perfect path for unreliable BTC deposits and withdrawals. Bob is the only layer 2 to implement BITVM for unreliable deposits and Bitcoin finance via piling-driven bitcoin for debt transactions set up.”
Recently, Bob launched Native Bitcoin Defi on Testnet with support from major institutions including Lombard, Amber Digital and Rockawayx and Defi protocols. With this development, equipped with Bob’s Bitvm Bridge, native BTC will not be wrapped, not wrapped, when it comes to live on the mainnet.
Post-Bob raised $21 million to develop a mandatory platform for hybrid Bitcoin Echo, first appeared in Beincrypto.
