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Solv Protocol begins partnership with BNB Chain…expands institutional Bitcoin-based RWA market

Uk Jin
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Summary

  • Solv Foundation said it has entered into a strategic partnership with BNB Chain and will work to broaden institutional access to the real-world asset (RWA) market.
  • As part of the collaboration, it plans to launch the SolvBTC·RWA Vault, which wraps BTC into SolvBTC for use as collateral and enables borrowing of stablecoins such as USDC·USDT.
  • Borrowed funds can be allocated to tokenized U.S. Treasuries, money market funds and investment-grade credit assets, and Ryan Chow said institutional RWAs represent a $30 billion opportunity.

Solv Foundation, which operates Solv Protocol (SOLV), said on the 8th that it has entered into a strategic partnership with BNB Chain and will work to broaden institutional access to the real-world asset (RWA) market.

Through the collaboration, Solv Foundation plans to launch the “SolvBTC·RWA Vault” on BNB Chain. The vault is designed to wrap Bitcoin (BTC) into SolvBTC for use as collateral, enabling users to borrow stablecoins such as USDC and USDT. Borrowed funds can be deployed indirectly into tokenized U.S. Treasuries, money market funds and investment-grade credit assets.

USYC will be integrated into the SolvBTC·RWA Vault, with VanEck’s VBILL, Agora and CashPlus participating as underlying issuers.

Ryan Chow, co-founder of Solv Foundation, said, “Institutional RWAs are a $30 billion opportunity,” adding, “Solv Protocol aims to build the foundation for Bitcoin and value-stable assets to generate real-world yields on-chain by connecting trusted issuers.”

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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