BPOI Banner
Elastos Secures $20M Investment from Rollman Capital to Unlock Trillions in Bitcoin Finance Elastos Secures $20M Investment from Rollman Capital to Unlock Trillions in Bitcoin Finance

Elastos Secures $20M Investment from Rollman Capital to Unlock Trillions in Bitcoin Finance

[PRESS RELEASE – Majuro, Marshall Islands, January 30th, 2025]

Funding accelerates the development of Elastos’ ELA token, Native Bitcoin DeFi protocol, and Web3 data economy – positioning Elastos as the utility layer for Bitcoin.

Elastos, a decentralized web infrastructure pioneer, today announced a $20 million strategic investment from Rollman Management to scale its Bitcoin-aligned ecosystem. Rollman Management, recognized for its high-profile investments in blockchain projects like Ripple, Ethereum, Solana, and Planck, now ranks Elastos among its top five holdings. The partnership will fuel the launch of Elastos’ Native Bitcoin DeFi protocol, BeL2, expand its merge-mined ELA token as a Bitcoin reserve asset, and accelerate Elacity—a Web3 data marketplace that enables creators to monetize content without intermediaries on top.

With Bitcoin’s market cap surpassing $2 trillion, Elastos solves critical gaps in Bitcoin’s ecosystem:

  1. ELA as Bitcoin’s Merge-Mined Reserve Asset: ELA tokens have been secured by Bitcoin’s hash power through merge-mining since 2018, aligning with Satoshi Nakamoto’s 2010 vision for decentralized networks. With a total of 28,220,000 by 2105 and around 50% of Bitcoin’s hashrate, ELA gains security and decentralization, provides additional revenue for BTC miners at no extra cost, and creates a crypto economically sound reserve asset for Elastos’ Bitcoin-native DeFi system.
  2. BeL2: Bitcoin’s DeFi Breakthrough: Launching in Q2 2024, BeL2 allows Bitcoin holders to collateralize BTC in personal wallets and access Ethereum smart contract services. These include minting stablecoins, performing swaps, and borrowing assets peer-to-peer, unlocking its value all whilst eliminating reliance on synthetic BTC (e.g., WBTC) and centralized custodians. BeL2 combines locking scripts, zero-knowledge proofs, oracles, and an arbiter network where ELA stakeholders can stake ELA and earn BTC fees as decentralized nodes to support the protocol.
  3. Elacity: Web3’s Creator Revolution: Already proven in early tests, where one creator earned $5,600 in 24 hours through tokenized podcast access, Elacity v2 will launch in April with channels and subscription models. It enables influencers to encrypt, tokenize, and sell content/royalties on Elastos for audio and video markets, with plans to extend its technology to support the tokenization of AI markets.

“Leveraging Bitcoin’s trillion-dollar consensus to empower Web3 users with scalable utilities—that’s where Elastos comes in,” said Rong Chen, Elastos Founder. “Merge-mining ties ELA’s security to Bitcoin’s, and BeL2, Elastos’ decentralized finance protocol, unlocks BTC-backed DeFi without compromises, whilst Elacity creates a decentralized digital goods economy on top. Rollman’s investment supports our role as Bitcoin’s utility layer”.

The $20M investment from Rollman will drive the advancement of Elastos technologies and also help Elastos reorient its branding, mature its technological stance, and go to market. This includes enhancing marketing efforts, which will further position Elastos as a leader in the growing Bitcoin-native DeFi space.

Elastos as a Pioneer in Bitcoin-secured Governance

Beyond its technological advancements, Elastos stands out for its Cyber Republic Consensus (CRC) governance model, formalized as a DAO LLC in the Marshall Islands, which signed this agreement with Rollman. This delegate-based system allows community members to stake Bitcoin merge-mined ELA, earn APY, and annually elect—or run as—one of 12 council members who vote on proposals, drive innovation, sign contracts, and validate Elastos’ Smart (EVM) and Identity (DID) sidechains. This ensures governance decisions reflect the community’s interests and demonstrates Elastos’ commitment to a truly decentralized and transparent ecosystem rooted in Bitcoin.

As Elastos enters its next phase of growth, participants can join the ecosystems CRC DAO by acquiring merge-mined ELA, which has a market cap of $48,542,586 and is secured by nearly 50% of Bitcoin’s hashrate (366.01 EH/s, equivalent to 244.008 Frontier Supercomputers). ELA offers 6+ years of proven security, a fixed cap of 28.22M tokens to be fully mined by 2105, and 3.29% emissions via its Essentials Wallet, ensuring scarcity and predictability for holders. Available on Centralized Exchanges (Coinbase, KuCoin, Gate.io, Huobi, Bitget, Crypto.com) and Decentralized Exchanges (Uniswap, Chainge Finance, Glide Finance), ELA empowers holders to shape Elastos’ future through CRC governance—driving innovation, reinforcing Bitcoin-level security, and building the next generation of decentralized applications.

Additional Information

About Elastos

Elastos is a SmartWeb ecosystem builder focused on enabling decentralized application creation and cross-chain connectivity. Built on top of Bitcoin merge-mining, Elastos relies on the security of the world’s largest public blockchain and extends it with additional layers. The introduction of BeL2 and its Arbiter Network marks Elastos’ latest effort to advance a more open, clear, and trustless global financial system.

Website: Elastos.info

X/Twitter: @ElastosInfo

About Rollman Management Digital

Rollman Management Digital is a private investment and management consulting boutique that is incorporated in the British Virgin Islands. The firm seeks to invest in talented teams and their blockchain protocols to further develop their technology and business while adding significant value to the future of the modern economy.

RMD is led by Victor R. Ch. Rollman, the founder of Rollman Capital, Rollman Mining, and Rollman Management. The Group offers a wide range of investment opportunities, financial services, and management consultancy to UHNWIs, entrepreneurs, developing governments, commodity trading firms, banks, family offices, and pension funds.

Website: https://rollmanmanagement.com/

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source link

Chainwire

https://cryptopotato.com/elastos-secures-20m-investment-from-rollman-capital-to-unlock-trillions-in-bitcoin-finance/

2025-01-30 15:17:49

bitcoin
Bitcoin (BTC) $ 82,464.09 0.02%
ethereum
Ethereum (ETH) $ 1,826.53 0.73%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.09 2.26%
bnb
BNB (BNB) $ 605.60 0.40%
solana
Solana (SOL) $ 125.30 0.38%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.1659 1.92%
cardano
Cardano (ADA) $ 0.655323 1.71%
tron
TRON (TRX) $ 0.238964 3.17%
staked-ether
Lido Staked Ether (STETH) $ 1,827.44 0.88%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,411.08 0.08%
the-open-network
Toncoin (TON) $ 4.09 4.81%
chainlink
Chainlink (LINK) $ 13.54 0.39%
leo-token
LEO Token (LEO) $ 9.14 4.97%
stellar
Stellar (XLM) $ 0.265098 1.07%
usds
USDS (USDS) $ 1.00 0.02%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,189.28 0.01%
avalanche-2
Avalanche (AVAX) $ 18.68 2.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 1.58%
sui
Sui (SUI) $ 2.27 3.42%
hedera-hashgraph
Hedera (HBAR) $ 0.16348 3.82%
litecoin
Litecoin (LTC) $ 83.49 3.30%
polkadot
Polkadot (DOT) $ 4.04 0.89%
mantra-dao
MANTRA (OM) $ 6.20 0.89%
bitcoin-cash
Bitcoin Cash (BCH) $ 302.60 0.03%
bitget-token
Bitget Token (BGB) $ 4.48 1.86%
ethena-usde
Ethena USDe (USDE) $ 0.999758 0.04%
weth
WETH (WETH) $ 1,828.86 0.84%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.17%
pi-network
Pi Network (PI) $ 0.732675 4.71%
hyperliquid
Hyperliquid (HYPE) $ 13.13 4.47%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,944.17 0.75%
whitebit
WhiteBIT Coin (WBT) $ 28.18 0.31%
monero
Monero (XMR) $ 216.49 0.72%
uniswap
Uniswap (UNI) $ 5.99 0.64%
dai
Dai (DAI) $ 0.999893 0.02%
aptos
Aptos (APT) $ 5.27 1.62%
near
NEAR Protocol (NEAR) $ 2.51 4.30%
pepe
Pepe (PEPE) $ 0.000007 0.80%
susds
sUSDS (SUSDS) $ 1.05 0.02%
okb
OKB (OKB) $ 47.89 1.12%
gatechain-token
Gate (GT) $ 22.38 0.35%
crypto-com-chain
Cronos (CRO) $ 0.099404 5.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,491.10 0.03%
mantle
Mantle (MNT) $ 0.789278 0.52%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.92 1.63%
first-digital-usd
First Digital USD (FDUSD) $ 0.997652 0.00%
internet-computer
Internet Computer (ICP) $ 5.30 0.90%
ethereum-classic
Ethereum Classic (ETC) $ 16.83 1.41%
bitcoin
Bitcoin (BTC) $ 82,464.09 0.02%
ethereum
Ethereum (ETH) $ 1,826.53 0.73%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.09 2.26%
bnb
BNB (BNB) $ 605.60 0.40%
solana
Solana (SOL) $ 125.30 0.38%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.1659 1.92%
cardano
Cardano (ADA) $ 0.655323 1.71%
tron
TRON (TRX) $ 0.238964 3.17%
staked-ether
Lido Staked Ether (STETH) $ 1,827.44 0.88%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,411.08 0.08%
the-open-network
Toncoin (TON) $ 4.09 4.81%
chainlink
Chainlink (LINK) $ 13.54 0.39%
leo-token
LEO Token (LEO) $ 9.14 4.97%
stellar
Stellar (XLM) $ 0.265098 1.07%
usds
USDS (USDS) $ 1.00 0.02%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,189.28 0.01%
avalanche-2
Avalanche (AVAX) $ 18.68 2.29%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 1.58%
sui
Sui (SUI) $ 2.27 3.42%
hedera-hashgraph
Hedera (HBAR) $ 0.16348 3.82%
litecoin
Litecoin (LTC) $ 83.49 3.30%
polkadot
Polkadot (DOT) $ 4.04 0.89%
mantra-dao
MANTRA (OM) $ 6.20 0.89%
bitcoin-cash
Bitcoin Cash (BCH) $ 302.60 0.03%
bitget-token
Bitget Token (BGB) $ 4.48 1.86%
ethena-usde
Ethena USDe (USDE) $ 0.999758 0.04%
weth
WETH (WETH) $ 1,828.86 0.84%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.17%
pi-network
Pi Network (PI) $ 0.732675 4.71%
hyperliquid
Hyperliquid (HYPE) $ 13.13 4.47%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,944.17 0.75%
whitebit
WhiteBIT Coin (WBT) $ 28.18 0.31%
monero
Monero (XMR) $ 216.49 0.72%
uniswap
Uniswap (UNI) $ 5.99 0.64%
dai
Dai (DAI) $ 0.999893 0.02%
aptos
Aptos (APT) $ 5.27 1.62%
near
NEAR Protocol (NEAR) $ 2.51 4.30%
pepe
Pepe (PEPE) $ 0.000007 0.80%
susds
sUSDS (SUSDS) $ 1.05 0.02%
okb
OKB (OKB) $ 47.89 1.12%
gatechain-token
Gate (GT) $ 22.38 0.35%
crypto-com-chain
Cronos (CRO) $ 0.099404 5.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,491.10 0.03%
mantle
Mantle (MNT) $ 0.789278 0.52%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.92 1.63%
first-digital-usd
First Digital USD (FDUSD) $ 0.997652 0.00%
internet-computer
Internet Computer (ICP) $ 5.30 0.90%
ethereum-classic
Ethereum Classic (ETC) $ 16.83 1.41%