**[Bitcoin Yield Platform HoneyB Completes $5 Million Seed Round Financing]** Reported by Jinse Finance, on October 21, Bitcoin yield platform HoneyB's developer Nectar Group completed a $5 million seed round financing led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, an undisclosed family office, and angel investors. Co-founder and CEO Josh Gordon stated that the round utilized a Simple Agreement for Future Equity (SAFE) combined with a one-to-one token warrant structure, with a post-money valuation of $30 million. None of the investors received board seats or advisory positions. HoneyB aims to help Bitcoin holders earn yields on their holdings. In its first strategy, users use Bitcoin as collateral to borrow stablecoins, which are then invested in yield strategies involving U.S. Treasury bonds, fixed income, credit, gold, volatility, and options. Bitcoin collateral can be held via on-chain smart contracts or through a tripartite arrangement involving borrowers, lenders, and custodians. Anchorage Digital and BitGo provide custodial services for clients, and HoneyB has deployed infrastructure on Ethereum, Sui, Solana, and Arch Network. Gordon stated that the underlying investment products target an annualized return of approximately 10%, while HoneyB aims to provide Bitcoin holders with an annualized return of about 2% to 4% after deducting borrowing costs and fees. The first strategy will utilize a fund under Simplify Asset Management, which manages approximately $13.5 billion in assets. Alphaledger will manage and tokenize the fund, while Amber Capital SPC will act as the issuer. Gordon noted that Bitwise, Lombard, Solv, and Sentora are competing platforms, but HoneyB differentiates itself by integrating custody, lending, and investment services into a single platform, allowing institutional partners to offer their products under their own branding. HoneyB plans to launch in Q4 2026, with its first product targeting institutional investors outside the U.S., followed by institutional products in the U.S. and retail products expected in Q1 2027. Its business model involves charging platform fees on deployed capital. The funds raised in this round will be used for product development, custody and financing integration, legal compliance, and distribution. Nectar was founded in October last year and currently has over 12 employees.