Solv Protocol announces a collaboration with Chainlink Proof of Reserve, facilitating products geared towards institutional investors interested in BTC and RWA-centered yields.
According to the official press release sent to crypto.news, the Proof of Reserve integration will be deployed into three areas of the ecosystem, Solv Protocol, SolvBTC and xSolvBTC. The collaboration allows for real-time on-chain validation of asset backing for Solv’s offerings.
This provides institutional investors and sovereign bodies with a much-needed feature that would deploy BTCFi and tokenized yield products through the Solv Protocol. As demand grows for tokenised real-world assets and BTC-based yield strategies among institutional investors, the two projects have decided to join forces to strengthen Solv’s offerings.
The integration of the decentralized oracle network’s PoR positions Solv as a trusted platform for institutions looking to access BTC (BTC) yields through SolvBTC, tokenized real-world credit exposure via xSolvBTC and finally, collateralized DeFi on the main Solv Protocol.
Therefore, all three products will receive individual data dashboards on the Chainlink (LINK) platform.
This collaboration aligns with Solv’s current efforts to establish itself as a financial infrastructure for Bitcoin yield backed by real-world assets, ranging from U.S. Treasuries to short-term credit. The integration also ensures users can verify asset reserves for these products across multiple blockchains, including BNB Chain for Solv Protocol and Ethereum for SolvBTC and xSolvBTC.
“This unlocks capital-efficient yield on Bitcoin, backed not by crypto-native protocols, but real-world, creditworthy instruments, with continuous verification on-chain,” wrote Solv in its statement.
Most recently, Solv launched the first Shariah-compliant BTC staking product that gained certification from Amanie Advisors and trusted by firms like Franklin Templeton, Daman Investments, and Nomura.
With Middle Eastern sovereigns already allocating funds into BTC ETFs, Shariah-certified and transparently backed on-chain yield could open the door for more investment opportunities.
Overall, Chainlink PoR provides Solv offerings with independent attestations without the need for third-party custodians, real-time feeds with data suited for institutional frameworks, and de-risked vaults that ensure more transparency and compliance for capital investors.
