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Jiuzi Holdings Inc. (JZXN) announced a partnership with SOLV Foundation to allocate up to $1 billion from its digital asset plan to bitcoin staking and yield products. The company will deploy up to 10,000 bitcoin into SolvBTC.BNB, described as SOLV’s yield-bearing vault and the largest bitcoin asset on BNB Chain.
SOLV Foundation operates a bitcoin finance platform that manages over $2.8 billion in total value locked. The partnership positions the assets under institutional risk controls with real-time proof-of-reserves audited via Chainlink, according to the press release.
The bitcoin deployment integrates with decentralized finance protocols including Venus, Lista, and Pendle. Jiuzi selected SolvBTC.BNB based on its scale and regulatory alignment, the company stated.
"We believe this partnership is a powerful accelerator for achieving our vision of becoming the premier platform for global institutions to access bitcoin," said Li Tao, CEO of Jiuzi Holdings.
Ryan Chow, CEO of SOLV Foundation, stated the partnership allows the company to translate its bitcoin asset management capability "into a language the traditional financial world can trust."
Jiuzi Holdings is a China-based company focused on sustainable energy and financial innovation. The company is expanding into digital asset finance to provide institutional investor access to blockchain-based products.
SOLV Foundation describes itself as the operating layer for bitcoin, providing lending, liquid staking, and yield products. The foundation aims to transform bitcoin from a store of value into a productive financial asset.