Funding Secured: Hermetica Accelerates Bitcoin DeFi with $1.7M Seed Round

We’re excited to announce that we’ve successfully closed our $1.7 million seed funding round.

This investment will fuel our mission to make USDh, the first Bitcoin-backed yield-bearing stablecoin, accessible to all.

Key Supporters to Our Mission

Our seed round garnered support from leading crypto investors such as UTXO Management, CMS Holdings, Ethos Fund, Trust Machines SPV, Kilowatt Capital, Newman Capitali, and Silvermine.

We also received backing from strategic angels, including Tycho Onnasch (Founder & CEO of Zest Protocol), Robin Obermaier (Founder & CEO of Liquidium), Mithil Thakore (Founder & CEO of Velar), Matt Maduno (Founder & CEO of Arch Network), and GM Chung (Founder of DeSpread) and many others.

Empowering Bitcoin Users with USDh

We aim to empower Bitcoin users to hold and transact with a stable, liquid dollar asset redeemable for Bitcoin (1 USDh = 1 USD worth of Bitcoin), enabling Bitcoin market participants to securely hold dollars without exiting the Bitcoin ecosystem or converting to fiat.

Stablecoins are a foundational building block for decentralized finance, and USDh is the ideal Bitcoin-backed stablecoin — it’s capital efficient, fiat-independent, and yield-generating.

What’s Next for Hermetica?

With this new influx of capital, we are set to accelerate USDh’s growth across the Bitcoin ecosystem. Our focus remains on deepening integrations, enhancing liquidity, and delivering an unparalleled experience for anyone looking to securely access a stable, yield-bearing dollar asset.

This is just the beginning; there is much more to come. Stay tuned as we continue to expand USDh’s reach and build innovative financial products that leverage Bitcoin’s security and transparency.

Actively shape Bitcoin DeFi and earn up to 25% APY at the same time by staking USDh on app.hermetica.fi/stake.