The web infrastructure supplier, Elastos, has closed an investment round of $ 20 million as part of a wider thrust to provide more decentralized finance services to Bitcoin 
Btcusd walk.
According to an announcement of January 30, the investment came from Rollman Management Digital, a global investment network which supported several early blockchain projects, notably Ripple and Ethereum.
The announcement said that Elastos is now one of the five titles in Rollman.
Elastos launched its Bitcoin DEFI protocol in the second quarter of 2024, allowing users to collateralize their BTC holders and access Ethereum intelligent contracts, where they can perform swaps and other DEFI functions.
Elastos is one of the many companies that seek to bring features to the Bitcoin network. Some of the most established players in space are stacks of layer 2, RSK and Babylon solutions, which are already hosting native Bitcoin ecosystems.
Meanwhile, Crypto Exchange Binance also widened its Bitcoin Defi offers by announcing the milestone of BTC with Babylon.
As of January 30, the total Bitcoin value was locked, or the total value of the BTC maintained on DEFI requests, exceeds $ 7.2 billion, according to Defillama.
Bitcoin institutionalization increases
The demand for Bitcoin centered financial services seems to increase following the approval of the BTC BTC (ETF) BTC (ETF) funds at the beginning of 2024.
The American FNB Bitcoin currently hold more than $ 124 billion in net active ingredients, according to Coinglass. After a brief lull, the purchase pressure of ETFs evolved in early January, largely in anticipation of a pro-Crypto Trump administration.
A change of custody to the American Commission on Securities and Exchange with the appointment of the Pro-Crypto Paul Atkins in Chair should also increase for industry by encouraging more investors in space. Greater regulatory clarity could give investors more confidence to deploy their assets through DEFI requests.
The growing institutionalization of bitcoin will allow “new challenge strategies (to) emerging through the risk curve with bitcoin as a collateral asset,” said Jacob Phillips, co-founder of BTC Staking Protocol Lombard ,, Cointelegraph.
