Core Ventures, the investment arm that is tailored to the Core Foundation, has deployed more than $ 1 million in 15 Bitcoin-released projects since the launch at the beginning of 2024.
Core Ventures is on a mission to transform Bitcoin (BTC) from a passive internship or value into an active layer of financial infrastructure that can serve as the basis for loans, yield generation, stabileins and decentralized finances, crypto.news can quickly report.
Since the BTCFI continues to grow with a total value that has been locked over Bitcoin-based Defi protocols since January with 2,700%, Core Ventures is projects that push the programmability of Bitcoin. The portfolio includes important verticals, including loans, bets, real assets, defi-infrastructure and financial primitives such as Stablecoins.
Among the striking investments are Colend, a borrowing and loan protocol on Core, which has more than $ 170 million in TVL and recently launched the first Web3 credit card; and SOLV protocol, which offers liquid deployment, structured yield products and Bitcoin Fund Management Services. Another remarkable project is Bitflux, a platform incorporated by the core of the companies aimed at liquidity aggregation and BTC yield generation.
‘Fund the people who are actually sent’
Sats -terminal” A Bitcoin-Native Defi-aggregator that offers simplified access to Dexs and yield tools, and BIMA Labs, the developer of USBD, a Bitcoin-supported universal stablecoin designed for the use of Cross-Chain Defi, are also prominent in the growing portfolio of the fund. Various projects are co-supported by large companies such as Coinbase Ventures, OKX Ventures and Draper Associates.
“Core Ventures is here to support the innovative apps, tools and protocols that make the system really useful,” said Brendon Sedo, initial contribution to Core Dao and head of Core Ventures. ‘We are not here to debate
Core itself serves as the technical basis for this ecosystem: a proof-of-work, EVM-compatible blockchain that makes non-share Bitcoin deployment possible. With more than 6,000 BTC, more than 50,000 daily users and more than $ 500 million in TVL, it anchores what is now the largest Bitcoin Defi environment.
Looking ahead, Core Ventures intends to continue to use capital in projects that promote the usefulness of Bitcoin about loans, collateralization, decentralized identity and real-world assets-tokenization. The team emphasizes that its investment strategy is already sending proponents, instead of still drafting those white papers.
