Solv generates Bitcoin yield through lending markets, liquidity provisioning to automated market maker pools, and participation in structured staking programs.
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Web3 gaming giant Animoca Brands has partnered with decentralized finance platform Solv Protocol to help large Bitcoin holders in Japan generate yield from their holdings.
The partnership aims to combine Solv’s infrastructure with Animoca Brands’ institutional network to target corporations and listed entities with large Bitcoin () treasuries, according to a statement shared with Cointelegraph on Wednesday.
Kensuke Amo, the CEO of Animoca Brands Japan, said that , but the new venture with Solv aims to change that.
“Through this collaboration, we aim to create an environment where companies can not only hold Bitcoin as a financial asset but also leverage it as a new revenue engine that drives corporate growth,” he said.
asset because holding it in a wallet doesn’t generate interest, dividends, or staking rewards; instead, it requires an external system, such as lending or locking.
Solv offering between 4% and 12% Bitcoin yield
The new venture will utilize Solv’s universal Bitcoin-backed wrapper, enabling treasury firms to generate an annual percentage yield of between 4% and 12%.
Solv generates Bitcoin , liquidity provisioning to AMM pools, and participation in structured staking programs, to its white paper.
Ryan Chow, co-founder and CEO of SOLV, said his protocol has proven “Bitcoin can serve as productive capital,” and the next phase of expansion will be “delivering secure, compliant, and high-yield treasury solutions to Japan’s most forward-thinking corporations.”
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SOLV is backed by investors including Binance Labs and Blockchain Capital, and has over $2.8 billion in managed assets, according to the company.
Metaplanet has largest Japan-based Bitcoin treasury
There are 11 Japan-based public companies holding Bitcoin on their balance sheets, to Bitbo. The top company holding Bitcoin in Japan, and the , with roughly 30,823 coins on its balance sheet.
Next in line is Nexon, a South Korean video game developer, which has its headquarters in Japan and holds 1,117 Bitcoin. Rounding out the top three is consulting services company Remixpoint with 1,273.
Only one private Japanese company has any , the collapsed exchange that still holds going bankrupt in 2014.
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