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7h ago

BOB Raises $9.5 Million Strategic Round to Power Bitcoin DeFi Mainnet

The Berlin-based team plans to deploy a BitVM bridge using staked BTC to underpin native DeFi functions on Bitcoin.

Bitcoin defi project bob raises another $9.5m to build btc defi infrastructure
Screenshot for BOB Secures €9.5M for Bitcoin DeFi Layer 2 Development

Overview

  • BOB closed a $9.5 million strategic round on August 7, lifting its total funding to $21 million since its 2024 seed round.
  • New backers Anchorage, Amber Group and Sats Ventures joined returning investors including Castle Island Ventures, Ledger, RockawayX, IOSG Ventures and Bankless Ventures.
  • The fresh capital will finance development of a mainnet BitVM bridge along with a BTC staking mechanism to secure on-chain finality.
  • BOB’s hybrid zero-knowledge rollup architecture combines Bitcoin’s security with Ethereum-style smart contracts on its live testnet.
  • The protocol aims to launch its mainnet by the end of 2025 to enable yield-bearing and cross-chain functionality directly on Bitcoin.