BitVault Secures $2M Pre-Seed Funding to Revolutionize Bitcoin-Backed Stablecoins on Katana Chain

Decentralized finance (DeFi) protocol BitVault has successfully raised $2 million in pre-seed financing from prominent investors including GSR, Gemini, Auros, and Keyrock. The funding will accelerate development of its innovative stablecoin ecosystem built on Bitcoin derivatives.

The protocol will introduce two groundbreaking stablecoin products:
- bvUSD: An overcollateralized stablecoin backed by Bitcoin derivatives
- sbvUSD: A yield-bearing variant offering passive income opportunities

BitVault will deploy on Katana, a next-generation DeFi chain incubated by Polygon Labs and GSR, leveraging an authorized fork of Liquity V2 to deliver:
- Permissioned borrowing facilities
- User-defined interest rates
- Automated liquidation infrastructure

The platform is scheduled for mainnet launch in June 2025, with current efforts focused on onboarding institutional borrowers to strengthen ecosystem liquidity.

Investor Impact Analysis:
1. Early-mover advantage in Bitcoin-based stablecoin sector
2. Strategic positioning on emerging Katana infrastructure
3. Revenue potential from dual-token model and institutional adoption
4. Technical validation through Liquity V2's proven architecture