Bitcoin yield platform HoneyB developer raises $5M seed round
- —Portal Ventures led the $5M round, with Pear VC, Anchorage Digital Ventures and angels participating
- —The investment used SAFEs paired one-to-one with token warrants
- —HoneyB lends stablecoins against BTC collateral for investments in US Treasuries, gold and options
- —The first product for non-US institutions launches in Q4, followed by a US offering
Why it matters: The project aims to put idle institutional bitcoin to work through yield strategies, though it hinges on US regulatory constraints.
Source: Digital Today
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