On-Chain fund platform Solv Protocol has closed a $6 million round of funding with participation from Nomura Securities' subsidiary Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Lab. The funds raised will help expand the team and continue to work on the development of the platform's technology.
Singapore-based Solv launched Solv V3 in March of this year, a platform that enables the creation, distribution, management and settlement of on-chain funds. With Solv V3, users can create any type of on-chain fund product, issue it for liquidity, and manage it at a low cost, including fixed-income, money market fund, market- or index-linked fund, or even a tokenized REIT.
In January 2022, Binance Labs announced a strategic investment in Solv Protocol.