Saturn, a non-custodial peer-to-peer orderbook for satoshis, has successfully completed its pre-seed funding round, securing over $500,000 in investments, according to a press release sent to Bitcoin Magazine. .
This raise was made under the leadership of venture capital firm Big Brain Holdings, with valued participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and various strategic web3 angel investors.
“We are honored to collaborate with prestigious entities in the financial and technological sectors,” the official X (Twitter) account of Saturn, stated. “Their combined industry knowledge, expertise, and networks are essential to our mission. This investment does not just represent financial support; it embodies a shared belief in a Bitcoin-centric future and the role that Saturn will do in shaping it.”
The funding round is in support of Saturn’s mission to redefine the possibilities within the Bitcoin realm. These investments aim to drive the development of new infrastructure tailored to develop a seamless ecosystem for fungible tokens on the Bitcoin network.
“I see a future in which Bitcoin can bring millions of Bitcoin users on board, bringing a fungible token experience familiar to an Ethereum or Solana experience,” said Hex, Founder of Saturn.
For more information about Saturn and its journey ahead, interested parties can reach the company here.
Disclaimer: The parent company of UTXO Management, BTC Inc., is also the parent company of Bitcoin Magazine.