Bitcoin-DeFi startup BOB tops up funding to $21M as Castle Island, Anchorage join

Key Points

1. BOB raised $21 million in strategic funding rounds since December 2024, with investors including Castle Island, Anchorage, Amber Group, and sats Ventures.

2. The company's next major milestone is launching the BitVM bridge, enabling native Bitcoin to be used in DeFi on BOB and facilitating BTC transfers to other chains.

3. BOB plans to introduce BTC-staked finality by the end of 2025, with future upgrades enabling BTC-secured bridges for broader access to native BTC DeFi.

4. BOB's testnet is live with support from partners like Lombard, Amber Digital, and RockawayX, with a mainnet launch planned for Q4.

5. BOB's BitVM2 technology allows users to interact with DeFi applications using native BTC directly, without custody or wrapping, leveraging trust-minimized bridging between Bitcoin L1 and BOB.