Bitcoin DeFi protocol Ordinox completes $1 million pre-seed funding, with participation from UTXO Management and others.

according to official sources, the Bitcoin DeFi protocol Ordinox has completed a $1 million pre-seed funding round. This round was participated in by UTXO Management, Digital Asset Capital Management, CMS Holdings, Sats Ventures, Hidden Street, and STS Digital, with angel investors including BRC20 founder Domo also participating in this round.

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