Elastos Secures $20M for Bitcoin-Aligned DeFi Expansion

Elastos Announces $20 Million Funding from Rollman Management to Scale its Bitcoin-Aligned Ecosystem

Elastos, a native Bitcoin DeFi protocol and Web3 data economy, has secured $20 million in funding from Rollman Management to scale its Bitcoin-aligned ecosystem. The funding will support the launch of Elastos’ Native Bitcoin DeFi protocol BeL2 in Q2 of 2025. BeL2 is designed to allow Bitcoin holders to collateralize BTC assets in their wallets, access Ethereum smart contract services, mint stablecoins, borrow assets peer-to-peer, and perform swaps within the Elastos’ ecosystem. BeL2 combines zero-knowledge proofs, locking scripts, oracles, and an arbiter network to allow ELA stakeholders to stake ELA and earn BTC fees as decentralized nodes to support the protocol.

Rollman Management, a private investment and consulting company led by Victor R. Ch, has invested in top blockchain projects such as Ethereum, Solana, and Planck. This investment funding now ranks Elastos among Rollman management’s top five holdings. The new funding will help Elastos expand its merge-mined ELA token to become a Bitcoin reserve asset, further solidifying its position as an economically reserve asset for Elastos’ Bitcoin-native DeFi system.

Grayscale Launches Dogecoin Trust Amid Growing Interest in DOGE as a Financial Tool

Grayscale Investments has unveiled the Dogecoin Trust, paving the way for both individual and institutional investors to gain structured exposure to the popular DOGE memecoin. This significant development highlights Grayscale’s belief that Dogecoin has evolved worldwide due to its accessibility, affordability, and rapid transaction speeds, positioning it as a tool for global financial inclusivity and activism.

Potential Impacts of Dogecoin’s Integration into Financial Systems

The establishment of the Trust coincides with notable discussions within the U.S. government regarding the Department of Government Efficiency (DOGE), which aims to explore on-chain applications for federal systems. This initiative, supported by figures like Elon Musk, has the potential to fundamentally change how government agencies handle data, track spending, and execute transactions. Analysts argue that the integration of DOGE into such initiatives could validate its use as a serious digital currency moving forward.