Lugano-based BitVault has raised CHF 500,000 (≈$625,532) to launch its Bitcoin security app. The funding round was supported by Le Chêne Family Office and angel investor Brad Mills. The app enables users to protect their Bitcoin while maintaining control over their private keys. BitVault's revenue model includes retail subscriptions, a 'Private' tier, and upcoming Bitcoin-backed loans.
Company Information
Company
BitVault
Location
Germany
About
BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol aims to redefine Bitcoin's role in stablecoin infrastructure. BitVault is focused on providing an institutionally-aligned alternative to fiat-pegged stablecoins. It blends automated mechanisms with a permissioned borrowing layer to ensure stability while retaining core DeFi functionalities.
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