BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money
Berlin, Germany, June 18th, 2025, Chainwire BitVault , a DeFi protocol aiming to redefine Bitcoin’s role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock, among others—joining BitVault in building what it calls the "next era of BTC-backed money": an institutionally-aligned alternative to fiat-pegged stablecoins. The raise supports the launch of bvUSD, BitVault’s overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by institutional trading strategies by GSR. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR prioritizing deep liquidity and user rewards, leveraging a licensed fork of Liquity V2 to enable permissioned borrowing, user-set interest rates, and automated liquidation infrastructure. “Bitcoin was built for moments of fracture. BitVault was b...