Blend, a Bitcoin-focused lending protocol, secures seed funding led by Mario Nawfal and IBC Group.

Gold Finance reports that Blend, a Bitcoin full-chain lending protocol, has announced the completion of its seed funding round led by renowned investor Mario Nawfal and the IBC Group. While the specific amount and valuation have not been disclosed, Blend has also been selected for the Open Campus accelerator, supported by Animoca Brands and Hackquest, as well as BTC Studio, a joint initiative by Wanwu Island and Waterdrop Capital.

Blend aims to provide efficient liquidity solutions by introducing Bitcoin as collateral for lending. The protocol plans to deploy its protocol on public chains like Arbitrum and Base, and integrate with decentralized Bitcoin asset solutions like dlcBTC. This will unlock the interest-generating potential of Bitcoin and promote its deeper integration into DeFi.

Mario Nawfal is a renowned American entrepreneur and investor whose Twitter Spaces has hosted global political and business leaders, including Elon Musk and former Brazilian President Jair Bolsonaro, as well as prominent investors. Blend plans to co-host a Twitter Space event with Mario Nawfal to promote its lending protocol to senior Bitcoin users in the United States, further expanding Blend's influence within the cryptocurrency community.