3 years ago

Sovryn Secures $5.4 Million to Expand Bitcoin-Native DeFi Platform

  • Sovryn, a London-based Bitcoin-native DeFi platform, has raised $5.4 million in funding led by General Catalyst

  • The company plans to use the funds to expand its global financial operating system, which provides individual self-sovereignty and financial autonomy

  • Sovryn's platform offers spot and margin trading, borrowing and lending, and liquidity provision built on the foundation of Bitcoin as the reserve currency of the future.

      • ProblemTechnology Infrastructure

      "Bitcoin users have limited access to financial services like trading, borrowing, and lending, and lack control over their assets due to centralized platforms and intermediaries."

      Solution

      "Sovryn is building a decentralized financial platform where users can trade, borrow, and lend bitcoin without permission, censorship, or the need for intermediaries. This gives users complete control over their bitcoin."

      Covered on