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Solv Protocol
Solv Protocol company profile covering Bitcoin staking, SOLV token, funding, security, products, and key milestones.
Last updated 20 days ago
Company Info
Solv Protocol is a Bitcoin-focused financial infrastructure platform designed to connect Bitcoin with DeFi, real-world assets, traditional finance, and centralized finance. The platform focuses on making Bitcoin usable as productive capital through Bitcoin-backed assets, staking products, yield strategies, and cross-chain liquidity infrastructure.
The ecosystem includes products such as SolvBTC, xSolvBTC, and BTC+. SolvBTC is a 1:1 tokenized Bitcoin asset designed to bring BTC liquidity into DeFi applications. xSolvBTC provides a liquid Bitcoin staking and yield product, while BTC+ acts as a multi-strategy Bitcoin yield product.
Solv Protocol Details:
|
Attribute |
Details |
|
CEO |
Ryan Chow |
|
Industry |
Blockchain, DeFi, Bitcoin Finance |
|
Protocol Type |
Bitcoin Finance Infrastructure, DeFi, Bitcoin Staking, Yield |
|
Primary Asset |
Bitcoin (BTC) |
|
Native Token |
SOLV |
|
Token Type |
Governance and Ecosystem Token |
|
Main Products |
SolvBTC, xSolvBTC, BTC+ |
|
Bitcoin Reserve Asset |
SolvBTC |
|
Liquid Staking Product |
xSolvBTC |
|
Yield Product |
BTC+ |
|
Supported Blockchains |
Ethereum, BNB Chain, Arbitrum, Avalanche, Base, Solana, Stellar, and other supported networks |
|
Cross-chain Technology |
Chainlink CCIP |
|
Bitcoin Security Architecture |
FROST-based threshold signing |
|
Proof of Reserves |
Yes |
|
Smart Contract Audits |
Quantstamp, CertiK, SlowMist, Salus and Secbit |
|
Wallet Support |
MetaMask and other supported external wallets |
|
Main Use Cases |
Bitcoin staking, BTC yield, DeFi liquidity, Bitcoin-backed assets, institutional Bitcoin finance, cross-chain liquidity |
Key Features of Solv Protocol:
- SolvBTC provides a 1:1 Bitcoin-backed asset designed to bring BTC liquidity into DeFi applications.
- xSolvBTC allows Bitcoin holders to participate in staking-related yield strategies while maintaining a liquid asset.
- BTC+ provides access to structured and diversified Bitcoin yield strategies.
- Solv uses Proof of Reserve infrastructure to improve transparency around Bitcoin-backed assets.
- Chainlink CCIP is used for cross-chain infrastructure supporting SolvBTC and xSolvBTC.
- The platform connects Bitcoin with DeFi, RWA-Fi, TradFi, and CeFi applications.
Solv Protocol Native Token - SOLV:
Native Token - SOLV
Token Type - Governance and ecosystem token
Blockchain - Ethereum and supported blockchain networks
Governance - SOLV is used for Solv ecosystem governance
Use Cases - Governance, ecosystem participation, incentives, and Solv Protocol-related activities
Token Launch - 2025
Primary Ecosystem - Solv Protocol
Solv Protocol Milestones:
|
Year |
Milestone |
|
2020 |
Solv Protocol was founded by Ryan Chow, Meng Yan, and Will Wang to develop financial NFT infrastructure. |
|
2021 |
Solv raised seed funding and launched Solv V1 on Ethereum, introducing Vesting Vouchers for managing locked token allocations. |
|
2022 |
ERC-3525, the Ethereum token standard associated with Solv's financial NFT infrastructure, was accepted as an Ethereum token standard. |
|
2023
|
Solv launched V3, expanding its platform toward open, on-chain fund infrastructure. |
|
Solv raised $6 million in expansion funding to support its RWA and DeFi infrastructure. |
|
|
2024 |
Solv launched SolvBTC, a 1:1 Bitcoin-backed asset designed to bring BTC liquidity across blockchain ecosystems. |
|
Solv introduced Solv Guard to provide automated risk controls for yield-bearing vaults. |
|
|
Solv raised an $11 million strategic funding round at a reported $200 million valuation to accelerate its Bitcoin staking infrastructure. |
|
|
2025 |
Solv launched the SOLV token through Binance Megadrop, introducing its native governance and ecosystem token. |
|
Solv established a $100 million Bitcoin Reserve through its Bitcoin Reserve Offering (BRO) structure. |
FAQs
Company Details
Launch Date
Jan-2020
Company Size
Small (11-50)
Total Employees
- + 3
Ryan C, Will Wang, Meng Yan and 3 Others
Contact Details
Singapore
Social Media
Primary Category
Board Members and Advisors
Eva Tian
Chief Operating Officer
Catherine Chan
Global Head of Business Development & Partnership
Mayank Kumar
Community Lead India
All Members
Ryan C
Founder and Chief Executive Officer
Will Wang
Co-founder, Chief Technology Officer and Chief Architect
Meng Yan
co-CEO and Co-founder
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# | Investors | Funding Date | Funding Round | Fund Raised |
|---|---|---|---|---|
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