Nectar Raises $5 Million to Build Bitcoin-Backed Income Platform

2 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$5M

seed round

$BTC

$82,759

+1.0%

HoneyB plans to let institutions borrow stablecoins against Bitcoin and invest through a fund. Its target return is 2% to 4% annually after borrowing costs and fees.