Elastos, a Web3 infrastructure provider, has successfully completed a $20 million investment round aimed at enhancing decentralized finance (DeFi) services within the Bitcoin market. The investment, disclosed on January 30, 2025, was led by Rollman Management Digital, known for supporting early blockchain projects like Ripple and Ethereum. Elastos launched its Bitcoin DeFi protocol in Q2 2024, enabling users to collateralize Bitcoin (BTC) and access Ethereum smart contracts for various DeFi functions. With Bitcoin's total value locked in DeFi applications exceeding $7.2 billion, the adoption of Bitcoin-centric financial services is rising, especially following the approval of spot Bitcoin exchange-traded funds (ETFs) in early 2024, which have amassed over $124 billion in net assets. The changing landscape at the U.S. Securities and Exchange Commission is expected to foster further engagement from investors in DeFi applications as regulatory clarity improves.

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