According to Techub News, Bitcoin lending protocol Blend has completed its seed round of financing, led by Mario Nawfal, IBC Group, and HackQuest, with an undisclosed amount. Blend was also selected for the Open Campus accelerator supported by Animoca Brands and Hackquest, as well as BTC Studio initiated by ThreeDAO and Waterdrop Capital.

Blend is a full-chain lending protocol for Bitcoin assets. It provides users with liquidity solutions by introducing Bitcoin as a collateral asset. Blend plans to first deploy its protocol on public chains such as Arbitrum and Base, and will connect to decentralized Bitcoin asset solutions such as dlcBTC.