According to ChainCatcher, the Bitcoin DeFi protocol Ordinox has completed a $1 million pre-seed round of financing. This round of financing was participated by UTXO Management, Digital Asset Capital Management, CMS Holdings, Sats Ventures, Hidden Street and STS Digital. Angel investors such as BRC20 founder Domo also participated in this round of financing.

It is reported that Ordinox provides DeFi services on Bitcoin based on the native liquidity pool supported by Cosmos SDK.