Solv Partners with Animoca Brands to Unlock Bitcoin Yield for Japan Firms

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 (BTC) treasuries, according to a statement shared with Cointelegraph on Wednesday.

Kensuke Amo, the CEO of Animoca Brands Japan, said that most companies only hold Bitcoin, but the new venture with Solv aims to change that.