Satoshi Protocol, the universal stablecoin built for the Bitcoin ecosystem, has successfully completed a $2 million seed round funding in May 2024.
The round was led by CMS Holdings and RockTree Capital, with participation from Cypher Capital, Optic Capital, Side Door Ventures, Metalpha (NASDAQ: MATH, parent company: Bitmain), Outliers Fund, Comma3 ventures, and angel investors including Paul Taylor (ex-BlackRock) and Yenwen Feng (Perpetual Protocol).
What is Satoshi Protocol
Satoshi Protocol is a revolutionary "universal" stablecoin protocol backed by Bitcoin. It allows users to deposit BTC and LST as collateral to mint the stablecoin $SAT on both Bitcoin mainnet and multiple L2s. Read more here.