Solv, with a $2B Bitcoin-Staking Protocol, Introduces the Region’s First Shariah-Compliant BTC Yield Service in the Middle East.

Solv Introduces Shariah-Compliant Bitcoin Yield Product, Unlocking New Investment Opportunities in the Middle East

Solv, the Bitcoin staking protocol holding over $2 billion in BTC on its platform, unveiled a Shariah-compliant yield product, SolvBTC.core, on Tuesday, designed to meet the growing demand for ethical investments in the Middle East.

Developed in collaboration with the Core ecosystem, which offers a suite of decentralized finance (DeFi) applications such as lending, restaking, liquid staking, and decentralized exchanges, SolvBTC.core allows Bitcoin holders to earn yield through participation in the Core blockchain network, all while ensuring compliance with Islamic finance principles.

The product was developed with input from Nawa Finance and has been accredited by Amanie Advisors for Shariah compliance. By securing the Core blockchain and engaging in various DeFi activities, SolvBTC.core generates yield in a way that aligns with Islamic financial guidelines.

With the launch of SolvBTC.core, Bitcoin holders in the Middle East now have an opportunity to earn yield on their assets while tapping into the growing Core ecosystem. This product provides a secure and ethical way for Bitcoin holders to make their assets work harder while staying true to their values.

Ryan Chow, founder of Solv Protocol, emphasized the potential of this new offering to drive institutional adoption of digital assets in the region.

“By aligning with Shariah principles, SolvBTC.core enables sovereign wealth funds and traditional financial institutions in the Middle East to confidently stake Bitcoin and earn genuine, on-chain yields. This marks a significant step toward accelerating institutional involvement in the digital asset space,” Chow said in a press release.

Shaqir Hashim, core contributor at Nawa Finance, pointed out that Bitcoin is the most widely held asset in regions like Saudi Arabia, UAE, Pakistan, Nigeria, Indonesia, and Malaysia, and there is increasing interest in earning additional yield on Bitcoin holdings.

“The next evolution is yield. At Nawa Finance, we’re making it possible for Bitcoin holders in these regions to generate yields that are both Shariah-compliant and aligned with their values,” Hashim explained.

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