Bitcoin and RWA yield products now backed by Chainlink's Proof of Reserve system on Solv platform.
Solv Protocol and Chainlink Proof of Reserve Announce Collaboration to Enhance Institutional Bitcoin Yield Products
In a significant development for institutional Bitcoin investments, Solv Protocol has announced a collaboration with Chainlink Proof of Reserve (PoR). This partnership aims to facilitate products geared towards institutional investors interested in Bitcoin and Real-World Asset (RWA)-centered yields.
According to an official press release, the Proof of Reserve integration will be deployed into three areas of the ecosystem: Solv Protocol, SolvBTC, and xSolvBTC. This collaboration enables real-time on-chain validation of asset backing for Solv's offerings, offering institutional investors and sovereign bodies a crucial feature for deploying BTCFi and tokenized yield products through the Solv Protocol.
The integration of Chainlink's decentralized oracle network's PoR positions Solv as a trusted platform for institutions looking to access Bitcoin yields through SolvBTC. It also allows for tokenized real-world credit exposure via xSolvBTC and collateralized DeFi on the main Solv Protocol. Each product will receive individual data dashboards on the Chainlink platform.
additionally, TRON blockchain is shifting its oracles from WINkLink to Chainlink, aligning with Solv's aim of establishing itself as a financial infrastructure for Bitcoin yield backed by real-world assets, ranging from U.S. Treasuries to short-term credit. The integration ensures users can verify asset reserves for these products across multiple blockchains, including BNB Chain for Solv Protocol and Ethereum for SolvBTC and xSolvBTC.
Solv recently launched the first Shariah-compliant BTC staking product, certified by Amanie Advisors and trusted by firms such as Franklin Templeton, Daman Investments, and Nomura. With Middle Eastern sovereigns already allocating funds into BTC ETFs, Shariah-certified and transparently backed on-chain yield could open the door for more investment opportunities.
By integrating Chainlink's PoR, Solv offerings are equipped with independent attestations, real-time feeds suited for institutional frameworks, and de-risked vaults that ensure more transparency and compliance for capital investors. This partnership provides a robust, transparent, and compliant framework for institutional investors seeking Bitcoin and RWA-centered yield products.
- Solv Protocol's collaboration with Chainlink Proof of Reserve brings a significant boost to institutional Bitcoin investments, focusing on products centered around Bitcoin and Real-World Asset (RWA) yields.
- The partnership will See Proof of Reserve integration into Solv Protocol, SolvBTC, and xSolvBTC, enabling real-time on-chain validation of asset backing for Solv's offerings.
- Chainlink's decentralized oracle network's Proof of Reserve positions Solv as a trusted platform for institutions, facilitating Bitcoin yields through SolvBTC, tokenized real-world credit exposure via xSolvBTC, and collateralized DeFi on the main Solv Protocol.
- TRON blockchain's shift towards using Chainlink's PoR aligns with Solv's aim of becoming a financial infrastructure for Bitcoin yield backed by real-world assets, enabling users to verify asset reserves for these products across multiple blockchains, including BNB Chain and Ethereum.
- Solv recently launched a Shariah-compliant BTC staking product, certified by Amanie Advisors and trusted by firms such as Franklin Templeton, Daman Investments, and Nomura, potentially opening more investment opportunities with Middle Eastern sovereigns allocating funds into Bitcoin ETFs.
- With the integration of Chainlink's PoR, Solv's offerings are now equipped with independent attestations, real-time feeds suitable for institutional frameworks, and de-risked vaults, providing a robust, transparent, and compliant framework for institutional investors seeking Bitcoin and RWA-centered yield products, further expanding in the realm of crypto finance and technology.
