Solv Protocol Expands to Solana with 1% Bitcoin Liquidity

Coin WorldTuesday, May 27, 2025 3:51 am ET
2min read

Solv Protocol has made a significant move by expanding its operations to the Solana blockchain through a partnership with InterportFi and Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This strategic collaboration brings Bitcoin-native financial products and real-world asset-backed tokens to the Solana ecosystem, marking a major milestone in decentralized finance (DeFi). The deployment includes three key products: SolvBTC, xSolvBTC, and SolvBTC.JUP, which are now live on Solana. This integration brings 1% of Bitcoin liquidity to Solana, one of the fastest Layer-1 blockchains, and signals Solv’s commitment to scaling its DeFi ecosystem with speed and security.

Solv Protocol’s expansion to Solana is a critical step in accelerating the adoption of Bitcoin-native financial products. The integration leverages Chainlink’s CCIP to deploy SolvBTC, xSolvBTC, and SolvBTC.JUP on Solana. Solv, which currently manages over $2 billion in total value locked (TVL), aims to offer programmable Bitcoin yield to a broader user base. InterportFi facilitates seamless cross-chain operations, providing users with access to faster and cheaper Bitcoin yield strategies. This integration bridges previously siloed blockchain networks, ensuring smooth swaps and transfers between different ecosystems.

Solv Protocol has also deepened its partnership with Chainlink by integrating Proof of Reserve (PoR) across its ecosystem. This includes SolvBTC and xSolvBTC on Ethereum, as well as Solv Protocol’s deployment on BNB Chain. Chainlink’s decentralized oracles now secure over $2 billion in BTCFi TVL across Solv’s ecosystem. These PoR feeds validate reserves in real-time, ensuring that every Solv-issued token is backed 1:1 with Bitcoin or tokenized real-world assets. Chainlink’s oracles automate this process, reducing reliance on third-party auditors and manual reports, and bringing full transparency for both institutional and retail users. SolvBTC, xSolvBTC, and Solv Protocol are now actively monitored, allowing real-time audits across blockchains like Ethereum, Solana, and BNB Chain.

Solv Protocol’s integration of real-world assets (RWA) comes at a time when institutions are seeking verifiable and compliant digital finance solutions. Products like xSolvBTC offer exposure to short-duration credit instruments and government bonds, generating yield on Bitcoin positions while ensuring on-chain transparency. Shariah-compliant products are now live, certified by Amanie Advisors, targeting capital from regions with significant demand for such offerings. Solv Protocol’s Shariah-ready BTC staking aligns with mandates from global players, ensuring compliance and reducing friction for sovereign funds and family offices entering the space.

The future of Bitcoin-native finance is rooted in cross-chain trust, as demonstrated by Solv Protocol’s integration of Chainlink PoR. Real-time data feeds validate reserves automatically, allowing regulated institutions to adopt DeFi strategies with trust and compliance. This transparency removes the dependence on opaque custodians and central audits. The launch of SolvBTC and xSolvBTC on Ethereum and the Solv Protocol on BNB Chain, along with the recent addition of Solana, shows the protocol’s multi-chain growth. Bitcoin can now be used across chains for yield, backed by real-world credit assets. The cross-chain structure builds composable, verifiable yield products that meet institutional standards, with Chainlink’s infrastructure providing the backbone for trustless asset backing and global liquidity flows.

Looking ahead, Solv Protocol is expected to scale its RWA offerings further, introducing more tokenized fixed-income instruments. Additional Layer-1 and Layer-2 integrations could follow, expanding Solv’s cross-chain reach. Demand from sovereign wealth funds and Shariah-compliant investors may drive the next phase of adoption. Chainlink’s PoR may soon support new asset classes, strengthening DeFi’s backbone. As more institutions seek compliant exposure to BTCFi, Solv Protocol is likely to emerge as a key gateway to real-world yield in crypto markets.