Bob, a Bitcoin (BTC) Decentralized Funding (Defi) Protocol, combining the security of Bitcoin with Ethereum’s defi capacity, has collected $ 9.5 million in a strategic financing round.
The investment brings BOB’s (“builds on Bitcoin”) collected funds collected for $ 21 million after previous trips in 2024.
The latest increase will be used to finance Bob’s vision of building “Gateway to Bitcoin Defi” by launching a Mainnet BitVM Bridge and enabling Bitcoin finality via stack BTC later this year. This allows users to bridge BTC from the Bitcoin network and implement it across defi -protocols on Bob.
Castle Island Ventures, which led Bob’s round of $ 10 million, also contributed to the latest increase together with Ledger, Rockawayx, IOSG Ventures and Bankless Ventures. Anchorage, Amber Group and SATS Ventures joined as new investors, according to an E -Mail message on Thursday.
“By combining BitVM and BTC efforts, we prove how Bitcoin can secure a whole defi-ecosystem,” said co-founder Alexei Zamyatin. “An effort at Bob is an effort on Bitcoin Defi itself.”
The Mainnet launch is expected at the end of the year.
