Nomura supports $6M funding for Solv Protocol, an on-chain fund platform.

Nomura supports $6M funding for Solv Protocol, an on-chain fund platform.

Solv Protocol Raises $6 Million in Funding Round to Expand and Develop Blockchain-based Fund Infrastructure

Singapore-based on-chain fund protocol Solv Protocol has successfully raised $6 million in a recent funding round. The round attracted a notable group of investors, including Laser Digital, a subsidiary of Japanese banking giant Nomura Securities. The funds raised will be utilized to expand the team and further advance the technological development of Solv Protocol’s platform.

In addition to Laser Digital, the funding round attracted other prominent investors, such as UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Labs. This level of support from various investors demonstrates the growing interest in Solv Protocol’s innovative approach to bridging the gap between decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi) liquidity.

Olivier Deng, the global chief operating officer for the wholesale digital office at Nomura, spoke highly of Solv Protocol’s achievements, stating, “Solv has built a trustless institutional DeFi platform integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain.” This integration of multiple stakeholders in the financial ecosystem enables Solv Protocol to offer a comprehensive decentralized liquidity infrastructure.

Solv Protocol’s process begins with an onboarding procedure for crypto-native market makers, venture capitalists, and decentralized autonomous organizations (DAOs) interested in leveraging the platform. Once approved, users can generate financial products that are wrapped in semi-fungible tokens (SFT). These SFTs are then distributed through the Solv platform or an underwriter to attract liquidity from interested buyers or investors. As a result, users can collect income and distribute yields to investors either periodically or upon the settlement of the SFT.

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Since its launch in the second quarter, Solv Protocol has experienced significant growth, with a total value locked of $2.8 million, according to DeFiLlama data. The startup has already served over 25,000 users and facilitated more than $100 million in trading volume. These achievements speak to the platform’s success in meeting the demand for decentralized liquidity infrastructure, offering users a seamless experience for creating and trading financial products.

Solv Protocol: Revolutionizing Fund Infrastructure with Blockchain Technology

Solv Protocol stands out in the blockchain industry as a pioneer in establishing a trustless institutional DeFi platform. By integrating key financial players such as brokers, underwriters, market makers, and custodians, Solv Protocol has successfully bridged the liquidity gap between the DeFi, CeFi, and TradFi markets. This unique approach positions Solv Protocol as a trailblazer, opening new possibilities for participants in the fund industry.

A key element of Solv Protocol’s solution is its decentralized liquidity infrastructure. This infrastructure enables organizations to raise funds through the creation, usage, and sale of financial products. Solv Protocol’s platform streamlines the entire process, providing different actors in the financial ecosystem with a seamless and transparent experience.

To better understand the Solv Protocol process, let’s take a closer look at the steps involved:

1. Onboarding: Solv Protocol welcomes crypto-native market makers, venture capitalists, and decentralized autonomous organizations (DAOs) interested in leveraging the platform. Through a thorough onboarding process, Solv Protocol ensures the quality and integrity of its user base.

2. Financial Product Creation: Once approved, users gain access to Solv Protocol’s advanced tools for creating financial products. These products are wrapped in semi-fungible tokens (SFT), which serve as the medium for their distribution and trading.

3. Distribution and Trading: The SFTs are then made available for distribution through the Solv platform or an underwriter. This attracts liquidity from interested buyers and investors, creating a vibrant marketplace. Users can collect income generated by the financial products and disburse yields to investors periodically or upon the settlement of the SFT.

By leveraging blockchain technology, Solv Protocol ensures transparency, security, and traceability throughout the entire process. The immutable nature of the blockchain allows users to interact with the platform confidently, knowing that their transactions and assets are protected.

Solv Protocol’s success is evident in its achievements since its second-quarter launch. The platform has attracted a significant user base, with over 25,000 users benefiting from its decentralized liquidity infrastructure. Moreover, with a total value locked of $2.8 million and facilitating over $100 million in trading volume, Solv Protocol has firmly established itself as a major player in the blockchain industry.

Conclusion

The blockchain industry continues to see advancements in various sectors, and the fund industry is no exception. Solv Protocol’s innovative approach to establishing a trustless institutional DeFi platform powered by blockchain technology is revolutionizing fund infrastructure. By seamlessly integrating different financial stakeholders, Solv Protocol creates a comprehensive decentralized liquidity infrastructure, enabling the creation, usage, and sale of financial products.

The successful funding round, attracting investors such as Laser Digital and Nomura Securities, further validates Solv Protocol’s significance in the industry. With the raised capital, Solv Protocol can expand its team and further enhance its technological development, solidifying its position as a leader in the blockchain-based fund industry.

Moving forward, it will be exciting to witness how Solv Protocol continues to shape the industry and drive further innovations. As blockchain technology evolves, the potential for transforming traditional financial systems into more efficient and inclusive ones becomes increasingly apparent. Solv Protocol’s success serves as both inspiration and validation for others in the blockchain community, reminding us of the limitless possibilities that lie ahead.