Xitadel, a Web3 bond protocol, has successfully secured a new funding round with backing from Solana co-founder Anatoly Yakovenko. This investment signifies growing confidence in decentralized finance (DeFi) for developing innovative fixed-income solutions on blockchain networks.
Industry analysts perceive the development as a significant step toward mainstream adoption of tokenized bonds, emphasizing how Web3 technology enhances scalability and security in bond tokenization. The funding underscores increasing institutional interest in blockchain-based fixed-income instruments.