BITCOIN CITY, El Salvador, January 3, 2025
JAN3 has efficiently concluded a $5 million seed spherical led by Fulgur Ventures, with participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Alternative Fund, and NYDIG. This seed financing will speed up the event and advertising of the AQUA Pockets and assist JAN3’s nation-state initiatives.
“At Fulgur Ventures, we’re devoted to supporting visionary entrepreneurs who’re constructing the monetary infrastructure of the long run,” mentioned Oleg Mikhalsky, Companion at Fulgur Ventures. “Our funding in JAN3 displays our confidence of their mission to speed up Bitcoin adoption globally. We consider that JAN3’s progressive strategy will play a pivotal position in advancing the Bitcoin and Liquid Community ecosystems and we’re excited to assist JAN3’s journey in the direction of bringing a couple of extra inclusive and environment friendly monetary system.”
One focus for the seed increase was to carry on buyers which can be strategic to JAN3’s growth objectives in Latin America and Asia. Grupo Salinas, based by Ricardo Salinas, is a conglomerate of firms together with Banco Azteca, Elektra, and TV Azteca, working throughout media, retail, monetary providers, and telecommunication sectors. East Ventures is a outstanding investor in Indonesia and Japan, and its co-founder Batara Eto initiated the transformation of Metaplanet right into a Bitcoin Treasury firm.
JAN3’s new funding follows an oversubscribed pre-seed spherical of $620,000 that was closed in early 2023. As half of the present seed financing, $1 million of capital shall be allotted to ascertain a Bitcoin Treasury for JAN3, consisting of 12 BTC, acquired at a mean price of $83,333.33 per BTC.
JAN3 is devoted to accelerating Bitcoin adoption worldwide and this funding and treasury creation marks a significant milestone in that mission. The JAN3 workforce has been instrumental in establishing relationships with leaders in as many as 17 international locations to start discussions on how Bitcoin methods can profit their nations. AQUA, a Bitcoin and Layer 2 pockets, is JAN3’s flagship product and a key pillar for grassroots Bitcoin adoption within the International South.
“Tether is happy to assist the work JAN3 is doing to advance monetary freedom around the globe,” mentioned Paolo Ardoino, Tether CEO. “JAN3’s AQUA pockets has discovered glorious product-market match by providing the proper steadiness of saving in Bitcoin with spending in USDt.”
This seed funding will take AQUA to the following part of its mission to onboard a billion folks to Bitcoin. The main focus for the previous 12 months has been optimizing the core AQUA providing: seamless swaps throughout Bitcoin layers and with Tether USDt – all in a self-custodial pockets. With the brand new funding, the precedence will shift to progress and including extra Market integrations, reminiscent of bank cards, loans, and native on/off ramps.
“We’ve seen speedy progress in each person adoption and volumes, with the month of November 2024 alone crossing $11 million in swap quantity,” mentioned Samson Mow, CEO of JAN3. “By leveraging superior applied sciences just like the Lightning and Liquid Networks, we’ve managed to create a Bitcoin Superapp that’s in a position to ship actual utility and is being utilized in day by day life around the globe. It simply works, and it’s solely going to get even higher.”
With the AQUA Pockets, JAN3 goals to bridge gaps within the international monetary system, offering options for individuals who have been left behind. Whether or not it’s serving to households in Latin America discover stability in unsure economies, enabling small companies in Southeast Asia to thrive, or offering financial savings instruments for people in underbanked areas, AQUA is making Bitcoin accessible to anybody who needs to take management of their funds.
About JAN3
JAN3 is a digital infrastructure firm centered on increasing entry to Bitcoin expertise, based and led by Samson Mow, greatest identified for his work with El Salvador’s Bitcoin initiatives and his efforts in nation-state Bitcoin adoption around the globe. JAN3’s mission is to speed up hyperbitcoinization by offering instruments for people, autonomous areas, and sovereign nations to profit from a free and open monetary system primarily based on Bitcoin.
About AQUA
AQUA Pockets is a next-generation Bitcoin pockets that leverages superior Layer 2 scaling applied sciences just like the Lightning and Liquid Networks, alongside on-chain Bitcoin, to supply customers effectivity and safety in managing their funds. As the primary Bitcoin pockets to combine native stablecoin assist, AQUA permits seamless spending in Tether USDt whereas saving in Bitcoin – serving to folks escape inflation, construct companies, and retailer wealth. With its intuitive design and progressive options, AQUA redefines what’s attainable with self-custodial Bitcoin wallets, empowering customers to take full management of their keys whereas delivering unparalleled utility.
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