BEVM stablecoin CDP protocol, Satoshi Protocol, has secured $2 million in its seed round. The financing round was jointly led by CMS Holdings and RockTree Capital, with additional participation from Cypher Capital, Metalpha, Optic Capital, Side Door Ventures, Outliers Fund, and other angel investors.
With fresh capital in hand, Satoshi Protocol plans to upgrade security measures, expand integrations across multiple Layer 2 solutions, and increase the protocol’s global presence, Investing.com has learned.
The Satoshi Protocol is the first to bring a Collateralized Debt Position (CDP) protocol to BEVM, offering a way to get liquidity for BTC through the SAT dollar stablecoin, making BTCFi more versatile. This approach is said to open up trillion-dollar liquidity in the world, allowing users to keep their Bitcoin while accessing funds.
New developments like inscriptions and scaling solutions are breathing new life into…
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