ME News reports that on October 21 (UTC+8), Nectar Group announced the completion of a $5 million seed round led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, an unnamed family office, and angel investors. The company is the developer of HoneyB, a Bitcoin yield platform that helps Bitcoin holders borrow stablecoins against their holdings and invest in yield strategies involving U.S. Treasuries, fixed income, credit, gold, volatility, and options. (Source: ODAILY)
Nectar Group Completes $5M Seed Round Led by Portal Ventures
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Summary
Nectar Group, the developer of the Bitcoin yield platform HoneyB, announced on October 21 (UTC+8) that it has closed a $5 million seed round led by Portal Ventures. Peer Venture Partners, Anchorage Digital Ventures, a family office, and angel investors also participated. The platform enables Bitcoin holders to collateralize their assets to borrow stablecoins and implement yield strategies. This on-chain development underscores increasing Bitcoin-related activity in DeFi and institutional infrastructure.
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