Solv Protocol
Solv Protocol is a Singapore-based Bitcoin DeFi infrastructure platform operating as the third-largest on-chain Bitcoin reserve, providing tokenized Bitcoin products, yield strategies, and cross-chain staking for institutional clients and DeFi users.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Solv Protocol does
Solv Protocol is a Singapore-based decentralized finance infrastructure platform founded in 2021 that operates as a Bitcoin operating layer connecting DeFi, CeFi, TradFi, and real-world asset (RWA) liquidity. The platform's core product suite consists of SolvBTC (a 1:1 tokenized Bitcoin for cross-system value flow), xSolvBTC (a yield-bearing Bitcoin token deployable in DeFi lending and liquidity protocols), and Bitcoin Vault/BTC+ (an allocation hub routing capital into structured yield strategies). Supporting infrastructure includes a Staking Abstraction Layer that lowers barriers to BTC staking across 11 blockchain networks and a FROST multi-sig governance committee overseeing more than $1B in Bitcoin reserves. The platform integrates with 325 projects and 35 wallet partners, manages $2.15B in total value locked, and holds 19,456 BTC in reserves, positioning it as the third-largest on-chain Bitcoin reserve globally behind MicroStrategy and US government ETFs.
Solv Protocol firmographics
Firmographics- Name
- Solv Protocol
- Legal name
- Solv Protocol
- Website
- https://solv.finance
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Solv Protocol is a Singapore-based Bitcoin DeFi infrastructure platform operating as the third-largest on-chain Bitcoin reserve, providing tokenized Bitcoin products, yield strategies, and cross-chain staking for institutional clients and DeFi users.
- Ownership category
- akta.pro rank
Solv Protocol industry classification
Industry- Product category
- Bitcoin DeFi Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)
- akta.pro secondary industries
- Decentralized Lending & Borrowing Protocols (FSADAMAA), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where Solv Protocol is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Solv Protocol business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Supply Chain
Revenue model
- Bitcoin Staking Services: Solv Protocol generates revenue through Bitcoin staking services, enabling BTC holders to earn yields by staking through the platform's infrastructure. The protocol facilitates staking across multiple blockchain networks and manages the yield distribution to users.
- Tokenized Bitcoin Products: Revenue is generated through tokenized Bitcoin products (SolvBTC, xSolvBTC) that enable efficient value flow and yield generation. The platform facilitates transactions and integrations across DeFi protocols.
- Institutional Bitcoin Yield Strategies: Solv provides infrastructure for institutional Bitcoin yield strategies, targeting treasury firms with projected annual yields of 4-12%, generating fees for the platform through managed yield services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Institutional Bitcoin Yield Strategies |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
Solv Protocol product offering
Product offeringCore offering
Solv Protocol is a Bitcoin operating layer that creates, manages, and trades tokenized Bitcoin products — SolvBTC (1:1 tokenized Bitcoin), xSolvBTC (yield-bearing Bitcoin), and BTC+ (Bitcoin Vault allocation hub). The platform enables BTC holders to earn yield through staking, lending protocols, and DeFi integrations across 11 blockchain networks, supported by a Staking Abstraction Layer and Chainlink CCIP cross-chain infrastructure.
Product overview
Solv Protocol is a Bitcoin DeFi infrastructure platform that positions itself as the operating layer connecting Bitcoin to DeFi, CeFi, TradFi, and RWA markets. The product portfolio centers on three core offerings: SolvBTC (a 1:1 tokenized Bitcoin for efficient cross-system value flow), xSolvBTC (a yield-bearing Bitcoin capital fuel enabling deployment in DeFi lending and liquidity protocols), and Bitcoin Vault (BTC+, an allocation hub directing capital into structured yield strategies). The platform provides a Staking Abstraction Layer to lower Bitcoin staking barriers, and its FROST Multi-Sig Governance infrastructure involves institutional partners overseeing over $1 billion in Bitcoin reserves. Solv V3 serves as the underlying on-chain fund platform connecting TradFi, CeFi, and DeFi liquidity. The platform supports 11 blockchain networks, integrates with 325 projects, and serves 1.2M users.
Differentiator
Problem solved
Functional benefit
Brands
- SolvBTC: The Universal Bitcoin - A core 1:1 tokenized Bitcoin enabling efficient value flow that unlocks borderless economic potential. Best suited for active traders looking to use SolvBTC as margin collateral, or BTC holders who prefer earning yield through integrated exchange earn programs.
- xSolvBTC
- BTC+
Products and services
- SolvBTC
Quantifiable outcome
- $2.15B total value locked on platform
- +5 more outcomes
Companies that use Solv Protocol
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
Solv Protocol technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature7 records
Solv Protocol partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- ChainlinkcoreSolv Protocol migrated $700M in tokenized Bitcoin (SolvBTC and xSolvBTC) from LayerZero to Chainlink's CCIP for institutional-grade cross-chain infrastructure security following the KelpDAO exploit. The phased migration affects Corn, Berachain, Rootstock, and TAC networks.
- UtexocoreSolv Protocol integrated with Utexo's non-custodial settlement layer built on RGB protocol and Lightning Network to launch the industry's first Bitcoin-native yield powered by atomic swaps between BTC and USDT directly on Bitcoin rails. This eliminates wrappers, bridges, and custodial dependencies.
- TethercoreTether's $7.5M seed round backing of Utexo indirectly supports the Bitcoin-native yield infrastructure partnership. Tether's planned USDT issuance on RGB-compatible Lightning rails aligns with Solv's Bitcoin-native yield strategy.
- FROST Network Governance CommitteecoreSolv Protocol formed its FROST Network governance committee involving multiple institutional partners to oversee Bitcoin reserve operations. The multi-sig partnership enhances security and decentralization for Bitcoin assets exceeding $1 billion.
- FordeficoreFordefi and Solv Protocol partnered to expand institutional access to Bitcoin yield strategies across DeFi, CeFi, and RWAs. The partnership enables 300+ Fordefi clients to route Bitcoin into Solv-powered yield strategies from Fordefi's MPC wallet infrastructure.
- Animoca BrandsmajorAnimoca Brands partnered with Solv Protocol to assist large Bitcoin holders in Japan with generating yield from holdings. The initiative targets treasury firms with annual percentage yield of 4-12% using Solv's infrastructure.
- AEONmajorSolv Protocol partnered with AEON, a next-generation Web3 payment framework, enabling 20M+ merchants to accept BTC-backed payments via Solv x AEON integration, extending BTC-native assets into everyday commerce.
- Alchemy PayminorSolv Protocol integrated with Alchemy Pay to make Solv ecosystem assets available via over 50 fiat currencies accessed through Visa and Mastercard, enhancing accessibility and capital efficiency.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Solv Protocol competitors and assessment
Company assessmentDirect peers
- BitGo (wBTC): BitGo is the custodian behind wBTC, the largest wrapped Bitcoin token (115,329 BTC). Both Solv and BitGo offer 1:1 tokenized Bitcoin for DeFi interoperability, competing directly for the same institutional and DeFi liquidity pool.
- Lombard Finance: Lombard Finance is a Bitcoin liquid staking and restaking protocol enabling BTC holders to earn yield via LBTC. Like Solv, Lombard targets institutional BTC yield and operates in the same DeFi integration and cross-chain tokenization space.
- Babylon: Babylon is a Bitcoin staking protocol enabling BTC to secure PoS chains without bridging. Solv and Babylon both pursue Bitcoin yield and staking narratives, with Babylon focused on security provisioning and Solv on broader yield orchestration.
- Bedrock (UniBTC): Bedrock's uniBTC is a multi-asset liquid restaking token including BTC restaking. Bedrock competes directly with xSolvBTC in the institutional BTC yield and liquid restaking category across DeFi lending protocols.
- Threshold Network (tBTC): Threshold Network's tBTC is a decentralized wrapped Bitcoin token, providing a trust-minimized alternative to wBTC and competing directly with SolvBTC in the cross-chain Bitcoin DeFi liquidity space.
Broad incumbents
- Coinbase (cbBTC): Coinbase launched cbBTC (81,884 BTC) as a wrapped Bitcoin product for DeFi use, leveraging its exchange distribution and institutional relationships. Coinbase competes with SolvBTC/xSolvBTC for institutional DeFi treasury and exchange earn program wallet share.
- Pendle: Pendle is a yield tokenization protocol where xSolvBTC is integrated for liquidity provision. While Pendle is a partner, it is also a broader yield infrastructure layer that could expand into Bitcoin-native yield strategies and compete for institutional treasury clients.
- Morpho: Morpho is a decentralized lending protocol where xSolvBTC is integrated as collateral. Morpho's blue-chip lending infrastructure overlaps with Solv's BTC yield strategy use cases and could itself launch Bitcoin-specific yield products.
Emerging players
- PumpBTC: PumpBTC is a liquid staking token for Bitcoin offering yield via DeFi integrations. It competes with xSolvBTC for on-chain BTC holders seeking yield and lending market access.
Others
- Stacks (STX): Stacks is a Bitcoin Layer-2 enabling smart contracts and yield via sBTC. While not a direct competitor on tokenized BTC, Stacks pursues the broader 'Bitcoin DeFi' narrative and represents a category-adjacent infrastructure alternative for institutional BTC yield.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
Solv Protocol social profiles
Digital presenceSolv Protocol compliance and trust
Trust signalCompliance2 records
Solv Protocol financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solv Protocol leadership team
Management profileNumber of profiles
Profiles3 records
Solv Protocol funding detail
Funding detailFunding overview
Funding rounds6 records
Investors40 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solv Protocol M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solv Protocol
What does Solv Protocol do?
Solv Protocol is a Bitcoin operating layer that creates, manages, and trades tokenized Bitcoin products — SolvBTC (1:1 tokenized Bitcoin), xSolvBTC (yield-bearing Bitcoin), and BTC+ (Bitcoin Vault allocation hub). The platform enables BTC holders to earn yield through staking, lending protocols, and DeFi integrations across 11 blockchain networks, supported by a Staking Abstraction Layer and Chainlink CCIP cross-chain infrastructure.
Is Solv Protocol a public or private company?
Solv Protocol is a private company. It is classified as venture growth investor backed and is currently operating.
When was Solv Protocol founded?
Solv Protocol was founded in 2021. It employs 11 to 50 people.
Where is Solv Protocol based?
Solv Protocol is headquartered in Singapore, Singapore, in the Asia region.
How does Solv Protocol make money?
Three revenue lines are on record. Bitcoin Staking Services are the primary driver. The others are tokenized Bitcoin Products and institutional Bitcoin Yield Strategies.
Who are Solv Protocol's main competitors?
Direct peers on record are BitGo (wBTC), Lombard Finance, Babylon, Bedrock (UniBTC) and Threshold Network (tBTC). Broad incumbents are Coinbase (cbBTC), Pendle and Morpho. PumpBTC is listed as an emerging player. Stacks (STX) is listed as an others.
Does Solv Protocol have an API?
No public API is recorded for Solv Protocol.
What industry is Solv Protocol in?
Solv Protocol's product category is Bitcoin DeFi Infrastructure. Its primary akta.pro industry code is FSADAHAL, Treasury Management & Corporate Crypto Yield Programs, with a secondary code of FSADAMAA, Decentralized Lending & Borrowing Protocols. Its NAICS code is 522320 and its SIC code is 6200.