The Good Tech Companies - BitVault Raises $2M From GSR, Gemini, And Auros To Launch BTC-Backed Money

Episode Date: June 18, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/bitvault-raises-$2m-from-gsr-gemini-and-auros-to-launch-btc-backed-money. The raise supports the launch of bvUSD, BitVault’s overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bitvault, #chainwire, #press-release, #bitvault-announcement, #bitcoin-adoption, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. BitVault, a DeFi protocol aiming to redefine Bitcoin’s role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bit Vault raises $2 million from GSR, Gemini, and Aureos to launch BTC-backed money. By Chainwire. Berlin, Germany, June 18, 2025, Chainwire, Bit Vault, a DeFi protocol aiming toward defined Bitcoin's role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Oros, and Kirok, among others, joining BitVault in building what it calls the next eRAOFBTC-backed money, an institutionally aligned alternative to fiat-pegged stablecoins. The raise supports the launch of BVUSD, BitVault's overcollateralized stablecoin backed by Bitcoin derivatives, and SBVUSD, its yield-bearing variant powered

by institutional trading strategies by GSR. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi first chain incubated by Polygon Labs and GSR prioritizing deep liquidity and user rewards, leveraging a licensed fork of LiquiTV2 to enable permissioned borrowing, user-set interest rates, and automated liquidation infrastructure. Greater than, Bitcoin was built for moments of fracture. Bit Vault was built to make it greater than usable, said Michael Kisselgolf, core contributor of Bit Vault and Vaultcraft. Greater than. We specifically onboarded GSR, Oros, and Kirok as strategic investors that greater than can

also execute high-yielding, non-directional strategies to create demand greater than in deep liquidity for BTC-backed money. Stablecoins at an inflection point BitVault arrives amid rising demand for crypto-native stability in a fragmented global monetary environment. Unlike fiat-backed stablecoins like USDC or algorithmic options like Athena's USDE, BVUSD is collateralized by BTC derivatives. Only whitelisted institutional borrowers can mint BVUSD in bulk, while anyone can mint BVUSD using stablecoins, mitigating risks associated with overleveraged or anonymous borrowing.

DeFi users can earn yield by staking BVUSD into SBVUSD, which leverages delta-neutral and arbitrage strategies managed by GSR, a globally recognized crypto investment firm specializing in market-making, OTC trading, and options. Greater than, we're seeing growing interest in BTC-backed stablecoins, especially those greater than designed to integrate seamlessly into DeFi ecosystems," said Alon Kunz, greater than director from GSR, who participated in the round. Bitvault's approach with greater than experience in institutional grade yield strategies positions it well for greater than success. We're particularly excited about its deployment on Katana, a DeFi greater than Centric chain we helped incubate.

Bit Vault adds to Katana's evolving ecosystem greater than by introducing a new layer of stablecoin utility, enabling BTC to take on a greater than more productive role within Katana's high-yield DeFi stack. From LIQUITYTO Katana Bit Vault is a friendly fork of Liquity V2, re-engineered for institutional use under a licensed deployment agreement with Liquity AG. The protocol blends automated, governance-free mechanisms with a permissioned borrowing layer, offering stability while retaining core DeFi primitives like direct redemption and composable yield strategies. Its upcoming VCRAFT token will govern future protocol parameters and serve as R-Ward's mechanism for stability providers and liquidity contributors. The launch on Katana, incubated by Polygon Labs and GSR, positions BitVault at the heart of an emerging liquidity and settlement network across the EVM chain.

Initial integrations include Vault infrastructure, Morpho money markets, Sushi AMMs, and a multi-chain, BITS, points campaign tied to VCRAFT distribution. What's next BitVault is scheduled for mainnet deployment on Katana in June 2025, with broader integrations across DeFi ecosystems and centralized liquidity venues in the works. The team plans to expand its Stablecoin suite to support additional BTC-based collateral assets and is actively onboarding institutional borrowers. About Bit Vault Bit Vault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, BVUSD, and a yield-bearing

state stablecoin, SBVUSD. The protocol is designed to provide an institutional grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms. For media inquiries or partnership information, press at bitvault.finance.bitvault.financedocs.bitvault.finance at bitvault.finance contact bitvaultteambitvault.financeinfo at bitvault.financeThis story was published as a press release by Chainwire under Hacker Noon's Business Blogging Program. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.