Solv brings RWA-backed Bitcoin yield to Avalanche blockchain

Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs.On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin BTC BTC - $108854.215 to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane. The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-05-16 20:53:03 GMT.

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Price & Market Data

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Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,869,206. The last known price of Bitcoin is 108,669.86183883 USD and is down -0.50 over the last 24 hours. It is currently trading on 12185 active market(s) with $56,191,392,493.99 traded over the last 24 hours. More information can be found at https://bitcoin.org/.