Nectar Group, developer of Bitcoin yield platform HoneyB, raised $5 million in seed funding at a $30 million post-money valuation, according to BlockBeats. Portal Ventures led the round, with Peer Venture Partners and Anchorage Digital Ventures among the participants.
Funding structure
The round used a SAFE alongside 1:1 token warrants. The report did not provide additional terms or investor allocations.
Planned HoneyB rollout
HoneyB plans to let users borrow stablecoins against BTC and deploy capital across U.S. Treasuries, fixed income, credit, gold and options strategies. The platform is planned for the fourth quarter of 2026, initially for institutional investors outside the United States. A retail product is expected in the first quarter of 2027.
These funding and product details are reported by BlockBeats, which links to a report from The Block. Read the original BlockBeats flash.