BOB Raise $9.5M, Hit $21M Total for Bitcoin-Ethereum DeFi
Di British blockchain project BOB, wey dey focus on hybrid Bitcoin-Ethereum DeFi chain don gather total $21 million since December 2024. For their latest funding round, BOB collect $9.5 million from new backers including Anchorage, Amber Group, and Sats Ventures. Dem old investors Castle Island Ventures, Ledger, and RockawayX join body too. This new capital go help BOB continue to build cross-chain DeFi apps and scale network. By joining Bitcoin security wit Ethereum smart-contract flexibility, BOB dey plan to improve interoperability and expand DeFi solutions. Dis Series A extension show say strong institutional interest dey for specialized DeFi infrastructure.
Bullish
Di successful $9.5M funding round for BOB show say institutional confidence dey grow for infrastructure projects wey dey bridge major blockchains. Past example like LayerZero and Polygon see similar capital injections wey drive development and token demand. BOB hybrid Bitcoin-Ethereum DeFi approach address interoperability, fit boost adoption and trading volume for related tokens. Short term, announcements of fresh financing dey normally generate positive sentiment and speculative interest. Long term, strong funding fit enable network growth and partnership formation, fit improve market stability and attract more investment for specialized DeFi chains.