New $6M in Funding Powers Solv’s On-Chain Fund Mission
We’re excited that a circle of esteemed institutions believe in our mission. Solv Protocol has secured $6 million in new funding from visionary partners including Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners,Bing Ventures, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Labs.
Since our founding in 2020, Solv has been dedicated to providing accessible blockchain-based financial tools and diverse asset targets and income sources to the crypto community. Our latest product, Solv V3, sets a new standard for on-chain fund platforms, offering investors professional asset management while allowing fund managers to build credibility and expand their business.
In just the first few months after our Q2 2023 launch, Solv V3 has already served over 25,000 users and facilitated over $100 million in trading volume. We are committed to keep innovating and introducing new income-generating assets through our fund platform to empower the next phase of DeFi adoption.
“New DeFi narratives like RWA and LSD are driving a new DeFi summer,” said Ryan Chow, CEO of Solv Protocol. “Solv V3 will focus on the RWA track, and is committed to introducing billions of dollars worth of income-generating assets for the industry through our fund platform, in preparation for the next phase of DeFi mass adoption.”
Olivier Dang, General Partner and Head of Ventures at Laser Digital stated, “Solv has built a trustless institutional DeFi platform integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain to bridge DeFi, CeFi, and TradFi liquidity.”
Our seasoned team of professionals from banking, financial businesses, crypto exchanges, and the blockchain community are proud pioneers in the ERC-3525 standard that is inspiring over 100 teams globally.
We are grateful for the continued support of investors like Blockchain Capital, Binance Labs, Sfermion, Gumi Cryptos Capital, Spartan Group, and more as we work to bridge traditional and decentralized finance.The new funding will empower us to keep executing on our mission of providing secure, efficient on-chain fund solutions to both investors and fund managers. We are excited about the future of DeFi and bringing new opportunities to the space.
About Solv V3
Officially launched in 2023, Solv V3 has pioneered the construction of a trustless fund infrastructure based on ERC-3525. It also achieved decentralized collaboration between trusted institutions to offer transparent, non-custodial DeFi risk control. It allows global investors to access varied, trusted crypto investments on one transparent and secure platform, and empowers excellent fund managers to efficiently raise capital and build on-chain credibility.
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