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  • Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan

    Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan

    Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan

    • Jiuzi commits up to $1B and 10,000 BTC to SOLV’s DeFi yield platform.
    • The partnership bridges TradFi compliance with DeFi Bitcoin finance.
    • JZXN shares have surged over 17% following the strategic announcement.

    Jiuzi Holdings, Inc. (NASDAQ: JZXN) has unveiled a sweeping $1 billion Bitcoin finance initiative through a strategic partnership with SOLV Foundation, a decentralised finance (DeFi) platform managing more than $2.8 billion in total value locked.

    The move positions Jiuzi as one of the few Nasdaq-listed firms actively bridging traditional finance (TradFi) with DeFi to create compliant, yield-generating Bitcoin products for institutional investors.

    10,000 Bitcoin commitment to SOLV’s flagship SolvBTC.BNB vault

    The partnership will see Jiuzi allocate up to $1 billion from its digital asset plan into Bitcoin staking and yield-focused blockchain products.

    Central to the strategy is a commitment of up to 10,000 Bitcoin to SOLV’s flagship SolvBTC.BNB vault on the BNB Chain — one of the largest Bitcoin yield platforms in the ecosystem.

    The assets will be safeguarded by regulated third-party custodians and verified through Chainlink’s proof-of-reserves auditing system, ensuring transparency and institutional-grade security.

    This marks a pivotal moment for Jiuzi Holdings, which is best known for its new energy vehicle infrastructure business in China.

    The company has been steadily diversifying into blockchain finance, and its partnership with SOLV Foundation signals a deepened commitment to positioning Bitcoin as a productive, yield-bearing asset rather than a passive store of value.

    Building a compliant bridge between TradFi and DeFi

    Jiuzi and SOLV have emphasised that the partnership will operate under strict compliance with US Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards.

    The collaboration will establish a joint Steering Committee composed of senior representatives from both organisations.

    This committee will develop and oversee Bitcoin-centric DeFi initiatives, including expanding the adoption of SolvBTC across additional blockchain networks such as Solana and Base.

    By combining Jiuzi’s regulatory standing and institutional access with SOLV’s on-chain expertise, the partnership aims to create a secure, transparent, and scalable financial framework for Bitcoin-based products.

    Both companies view the collaboration as a model for how regulated capital can participate safely in decentralised yield markets.

    Optimising treasury strategy through blockchain

    Beyond its yield products, Jiuzi will anchor its corporate treasury around Bitcoin as its primary digital asset.

    The firm’s Bitcoin holdings, including those of its subsidiaries, will be deposited on SOLV’s platform and managed under the supervision of approved custodians.

    This approach is designed to maximise capital efficiency while maintaining visibility and accountability through blockchain-based auditing tools.

    Li Tao, Chief Executive Officer of Jiuzi Holdings, described the partnership as “a transformative step forward” that strengthens the company’s Bitcoin vault strategy and aligns it with one of the most advanced ecosystems for Bitcoin liquidity and staking.

    SOLV Protocol co-founder Ryan Chow added that the partnership merges Jiuzi’s regulatory stature with SOLV’s expertise in managing large-scale Bitcoin assets, paving the way for secure institutional capital flow into DeFi.

    Notably, the news of the partnership sparked a sharp rally in Jiuzi’s stock, with shares surging more than 22% in trading following the announcement.

    Investors responded positively to the company’s expansion into digital asset finance, recognising the potential for Jiuzi to play a pivotal role in institutional Bitcoin adoption.

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  • Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    • Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
    • Following the partnership, SolvBTC holders can stake, earn rewards, and use advanced yield strategies.
    • Soneium’s $45M TVL and 47M transactions boost DeFi growth with Solv.

    The world of decentralized finance continues to evolve, and a new partnership between Solv Protocol and Soneium is pushing the boundaries of what Bitcoin can achieve. Announced on March 6, 2025, this collaboration brings Bitcoin staking to Soneium, an Ethereum layer 2 blockchain supported by Japan’s Sony Group.

    By integrating these two platforms, users can now explore fresh opportunities to earn rewards and tap into cross-chain liquidity, blending Bitcoin’s stability with Ethereum’s expansive DeFi ecosystem.

    Solv Protocol, a platform dedicated to Bitcoin staking, is at the heart of this development. It allows users to deposit Bitcoin and receive SolvBTC, a token pegged 1:1 to Bitcoin’s value.

    Through this partnership, SolvBTC holders can stake their assets on Soneium, opening the door to passive income while maintaining Bitcoin’s core value proposition. This move reflects a growing trend among investors seeking ways to make their Bitcoin work harder beyond simply holding or trading it.

    Enhancing Bitcoin’s DeFi potential

    A standout feature of this collaboration is the introduction of SolvBTC Liquid Staking Tokens, or SolvBTC.LSTs. These tokens enable advanced yield strategies, giving Bitcoin users greater flexibility and scalability in their investments.

    With this setup, staking becomes more than just a way to earn rewards—it transforms into a tool for unlocking sophisticated financial opportunities across multiple blockchains. The partnership leverages Solv’s innovative Staking Abstraction Layer, a system designed to simplify the staking process across various networks.

    This abstraction layer is a game-changer for Bitcoin holders. It lowers the technical barriers that often keep users from participating in DeFi, making it easier to engage with decentralized applications.

    By bridging Bitcoin (BTC) to Soneium, Solv Protocol is effectively extending the cryptocurrency’s utility, allowing it to play a more active role in the fast-growing world of decentralized finance.

    Notably, the timing of this partnership couldn’t be better. As Bitcoin staking gains popularity, more investors are looking for ways to generate passive income from their holdings. Solv Protocol and Soneium are meeting this demand head-on, offering a solution that’s both accessible and forward-thinking.

    While specifics about future plans remain under wraps, both teams have hinted at additional innovations to come, signaling that this is just the beginning of Bitcoin’s deeper integration into DeFi.

    Soneium’s rising star in DeFi

    Soneium, launched in August 2024 by Sony Block Solutions Labs and web3 firm Startale, has quickly made a name for itself. Built as a high-performance Ethereum layer 2 solution, it’s designed to power creative and efficient decentralized applications.

    As of March 6, 2025, the network boasts a total value locked of $63.16 million across 19 dApps, according to DefiLlama data. Its rapid growth is evident in the 47 million transactions processed and the 4 million active addresses it has attracted in just a few months.

    The platform hosts some of the most dynamic DeFi projects in the space, including decentralized exchanges like Kyo Finance, Velodrome, and Sonex.

    Soneium’s infrastructure is tailored to handle the demands of modern DeFi, offering speed and scalability that complement Solv Protocol’s ambitions. Together, they’re creating an environment where Bitcoin users can seamlessly integrate with cutting-edge financial tools.

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  • Binance to list Solv Protocol’s native token SOLV next week

    Binance to list Solv Protocol’s native token SOLV next week

    Binance to list Solv Protocol’s native token SOLV next week
    • SOLV token to be listed on Binance on January 17, 2025, with four trading pairs.
    • Solv Protocol focuses on Bitcoin staking to boost DeFi integration and liquidity.
    • Besides listing, Binance has also invested in Solv Protocol.

    Binance, one of the world’s leading cryptocurrency exchanges, has announced its plan to list Solv Protocol’s native token, SOLV, next week.

    This move is set to amplify SOLV’s visibility and utility within the burgeoning sector of Bitcoin-focused decentralized finance (DeFi).

    SOLV to be listed on Binance on January 17

    The listing of SOLV on Binance is scheduled for January 17, 2025, at 10:00 UTC, with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.

    Notably, SOLV will enter the market with the “Seed” label, which Binance uses to signify tokens that are in their early stages, potentially indicating higher risk but also higher growth opportunities.

    The anticipation around the SOLV listing is palpable, with posts on social media platforms like X highlighting the community’s excitement and speculation about the token’s future market performance. Discussions point towards an initial market cap expectation ranging from $400 million to $600 million, reflecting both optimism and caution given the token’s nascent stage.

    The rise of the Solv Protocol

    Solv Protocol has carved a niche for itself by focusing on Bitcoin staking, aiming to integrate Bitcoin more deeply into the DeFi ecosystem. The protocol’s mission is to unlock the potential of over $1 trillion in Bitcoin assets by providing yield opportunities while preserving liquidity.

    With this listing, Binance endorses Solv Protocol’s vision and opens up new avenues for its users to engage with high-potential DeFi projects centred around Bitcoin.

    This listing comes on the heels of a significant strategic investment by Binance Labs in Solv Protocol, underscoring a strong belief in its potential to revolutionize Bitcoin’s role in DeFi. Solv Protocol has raised substantial funding, with a total of $22 million, to further its development and adoption.

    In addition to listing on Binance, SOLV will also be integrated into Binance’s Megadrop platform, where users can earn SOLV tokens by locking BNB or participating in Web3 quests, adding another layer of engagement for the crypto community.

    As we approach the listing date, all eyes will be on how SOLV performs and how effectively Solv Protocol can leverage this opportunity to expand its ecosystem and user base.

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  • Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token

    Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token

    Solv Protocol introduces Bitcoin staking on Base with cbBTC token
    • Solv Protocol has launched Bitcoin staking for cbBTC holders on the Base network.
    • cbBTC holders on the Solv protocol can mint SolvBTC and convert it to SolvBTC.BBN for Bitcoin staking yield.
    • cbBTC, backed 1:1 by Coinbase’s BTC holdings, is live on Ethereum and Base for DeFi integration.

    Solv Protocol, supported by Binance Labs, has unveiled its latest innovation in the cryptocurrency space: Bitcoin staking for holders of the newly launched wrapped Bitcoin token, cbBTC, on the Base network.

    Coinbase’s cbBTC token allows Bitcoin holders to convert their assets into this new wrapped token, similar to previous efforts with Wrapped Bitcoin (WBTC).

    The conversion process involves transferring Bitcoin from user accounts to either Base or Ethereum addresses, where it is transformed into cbBTC. This token can then be utilized across various DeFi protocols, including MakerDAO, Aave, and Compound as we had detailed in our earlier news coverage.

    Earning Bitcoin staking yields on Solv Protocol with cbBTC

    Solv Protocol is capitalizing on the newly launched Coinbase cbBTC token, which is backed 1:1 by BTC holdings on Coinbase and is now available on both Ethereum and the Base layer 2 chain to offer Bitcoin staking through the cbBTC token on the Base network.

    Solv Protocol enables cbBTC holders to mint SolvBTC, a token designed to enhance participation in decentralized finance opportunities. The users can then convert SolvBTC into SolvBTC.BBN, a liquid staking token that provides additional Bitcoin staking yields.

    Solv Protocol’s latest offering adds to the growing array of platforms providing liquid staking or restaking opportunities for Bitcoin, alongside other services like Lombard Finance, Swell, and AcreBTC.

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