Satoshi Protocol, the first stablecoin protocol backed by Bitcoin, has secured $2 million in its seed round. Leading the fundraising round were CMS Holdings and RockTree Capital, with participation from prominent angel investors, Metalpha, Optic Capital, Side Door Ventures, and Cypher Capital, a multi-strategy crypto investment firm.
With the help of the seed funding, Satoshi Protocol plans to fortify its security measures, broaden its integration with other Layer 2 solutions, and extend its global reach. With several integrations across platforms in the Bitcoin ecosystem, such as Bitlayer, BOB, BEVM, Core Chain, Botanix, B^2, Alys/Anduro (Marathon Holding), and Omni Network, the protocol has gained significant momentum. It recently engaged over 172,000 people via a partnership with Binance Web3 Wallet Campaign.
Naka, Founder & CEO of Satoshi Protocol stated:
“The support from our investors is crucial as we work towards creating a universal stablecoin that meets
We współpracy z: https://thenewscrypto.com/satoshi-protocol-secures-2-million-seed-funding-to-boost-developments/
