- The firm plans to use the new funding to expand its team.
- The company has served more than 25,000 clients since launch.
Solv Protocol Platform has raised $6 million in investment. Laser Digital (a subsidiary of Nomura Securities), UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Bing Ventures, Apollo Capital, HashCIB, Geek Cartel and Bytetrade Labs participated in the funding round.
The capital raised will help the startup expand its team and continue to work on the technological development of its platform.
Solv offers a decentralized liquidity infrastructure that enables organizations to raise funds through the creation, use and sale of financial products.
Nomura chief operating officer Olivier Deng said:
“Solv has developed DeFi, an institutional platform connecting brokers, underwriters, market makers and custodians to create the first blockchain-based fund infrastructure that is designed to provide liquidity across decentralized, centralized and traditional finance.”
Since Solv’s launch, total closed transactions have totaled $29.16 million, according to DeFi Llama data. The company said it has since served more than 25,000 users and generated more than $100 million in trading volume.
Nomura Securities, the parent company of one of Laser Digital’s investors, was recently licensed in Dubai.