Saturn, a peer-to-peer order book built on the Bitcoin network, has recently secured $800,000 in seed funding led by Sora Ventures. This funding will allow Saturn to accelerate its vision for Bitcoin-based fungibility.
The seed funding round for Saturn was led by Sora Ventures, with participation from other notable investors such as CMS Holdings, Cricket Futures, and Silvermine Capital / Osprey Capital. Additionally, well-known Web3 angel investors like Joe McCann of Asymmetric, James McCavity from Cormint, Dillon Healy of BTC Inc., and KDot of MH Ventures also took part in the round.
Saturn has already seen success, with the platform reaching its 300,000th unique user on Feb. 23. The funds raised will be used to further enhance the technical infrastructure, expand the team, and launch targeted marketing efforts. Jason Fang, the Founder and Managing Partner at Sora Ventures, expressed excitement about supporting Saturn’s global expansion and the platform’s role in unlocking the full potential of Bitcoin’s market for Satoshis.
Silvermine Capital also highlighted Saturn’s potential to unlock new opportunities within the Bitcoin ecosystem. They mentioned that in the thriving native BTC ecosystem, Saturn is poised to open up new possibilities, enhancing value and accessibility for users. Saturn’s goal is to develop a decentralized exchange (DEX) on the Bitcoin network, further strengthening the infrastructure of Bitcoin’s DeFi ecosystem.
Saturn’s $800k seed funding round marks an important milestone for the platform in its mission to bring Bitcoin-based fungibility to the forefront. With the support of investors like Sora Ventures and other prominent angel investors, Saturn is well-positioned to make a significant impact on the Bitcoin ecosystem and unlock new opportunities for users.