Solv Partners with Animoca Brands to Unlock Bitcoin Yield for Japan Firms

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Web3 gaming giant Animoca Brands has partnered with decentralized finance platform Solv Protocol to help large Bitcoin holders in Japan generate yield from their holdings.

The partnership aims to combine Solv’s infrastructure with Animoca Brands’ institutional network to target corporations and listed entities with large Bitcoin (BTC) treasuries, according to a statement shared with Cointelegraph on Wednesday.

Kensuke Amo, the CEO of Animoca Brands Japan, said that most companies only hold Bitcoin, but the new venture with Solv aims to change that.



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Solv Partners with Animoca Brands to Unlock Bitcoin Yield for Japan Firms


Web3 gaming giant Animoca Brands has partnered with decentralized finance platform Solv Protocol to help large Bitcoin holders in Japan generate yield from their holdings.

The partnership aims to combine Solv’s infrastructure with Animoca Brands’ institutional network to target corporations and listed entities with large Bitcoin (BTC) treasuries, according to a statement shared with Cointelegraph on Wednesday.

Kensuke Amo, the CEO of Animoca Brands Japan, said that most companies only hold Bitcoin, but the new venture with Solv aims to change that.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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