HuoXing Finance reports that on October 21, Nectar Group, the developer of the Bitcoin yield platform HoneyB, completed a $5 million seed round at a post-money valuation of $30 million, led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, and others. The financing was structured using SAFE instruments and 1:1 token warrants. HoneyB plans to allow users to borrow stablecoins against BTC collateral and reinvest them in strategies such as U.S. Treasuries, fixed income, credit, gold, and options. The platform is scheduled to launch in Q4 2026, initially targeting institutional investors outside the U.S., with retail products expected to launch in Q1 2027.
Nectar Group Completes $5M Seed Round for HoneyB, Aiming for 2026 Launch
MarsBitShare
Summary
Nectar Group announced the token launch on October 21, 2026, following a $5 million seed round at a $30 million valuation for its Bitcoin yield platform, HoneyB. Portal Ventures led the round, with participation from Peer Venture Partners and Anchorage Digital Ventures. The transaction utilized a SAFE and a 1:1 token warrant structure. HoneyB will enable users to borrow stablecoins against their BTC holdings and invest in U.S. treasuries, fixed income, credit, gold, and options. The platform will launch in Q4 2026 for non-U.S. institutional investors, with a retail version scheduled for Q1 2027.
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