The platform has attracted financial backing from a wide range of entities, some of which include Laser Digital, which is a part of the Japanese investment banking behemoth Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Bing Ventures, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Labs.
Solv V3 tackles the challenge of matching funds with top-notch assets during centralized trust crises. It’s a diversified on-chain fund platform with a robust standard for on-chain fund issuance, trading, and clearing. Moreover, Solv V3 overcomes the limitations in DeFi market investment strategies, providing investors with broader returns without compromising security and transparency for their capital.
It enables fund managers to build trust on the blockchain and safely grow their operations, while providing investors with the advantages of professional asset management. Since its release in the second quarter of 2023, Solv V3 has serviced over 25,000 users and enabled over $100 million in trade activity in its first quarter.
CEO of Solv Protocol, Ryan Chow, noted:
“New DeFi narratives, such as RWA and LSD, are driving speculation around the next iteration of DeFi summer. Solv V3 will focus on the RWA track, and is committed to introducing billions of dollars worth of income-generating assets for the industry through our fund platform, in preparation for the next phase of DeFi mass adoption.”
Nomura Securities’, Olivier Deng added:
“Solv has built a trustless institutional DeFi platform integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain to bridge DeFi, CeFi, and TradFi liquidity.”
The Solv team
Members of Solv’s core team authored the industry-changing ERC-3525 framework, which has since served as the basis for the creation of more than a hundred other products by separate teams.
Blockchain Capital, Binance Labs, Sfermion, Gumi Cryptos Capital, Spartan Group, IOSG Ventures, CMS Holdings, CMT Digital, Hashed, and others have all invested in earlier rounds of investment for Solv Protocol.