JAN3 Raises $5M to Advance Aqua Pockets and Bitcoin Adoption

Bitcoin infrastructure firm JAN3 has accomplished a $5 million seed funding spherical to additional develop its AQUA Pockets, a self-custodial Bitcoin and Layer 2 pockets.

The funding, supported by buyers equivalent to Fulgur Ventures, Grupo Salinas, Tether, East Ventures, and NYDIG, will improve the pockets’s performance and add options like bank cards, loans, and native on/off ramps to streamline monetary transactions.

Grupo Salinas and East Ventures carry important regional experience to JAN3’s growth efforts in Latin America and Asia, areas which can be central to the corporate’s concentrate on rising Bitcoin adoption in underserved markets.

As a part of its technique, JAN3 allotted $1 million from the funding to ascertain a Bitcoin Treasury, buying 12 Bitcoin at a median price of $83,333.33 per Bitcoin. 

The AQUA Pockets, a key part of JAN3’s mission, integrates applied sciences such because the Lightning and Liquid Networks and has demonstrated fast progress, recording $11 million in swap quantity in November 2024.

Designed to simplify monetary transactions, the AQUA Pockets additionally promotes monetary inclusion by providing accessible instruments for underbanked customers. 

To additional these efforts, JAN3 has engaged with leaders from 17 nations to discover Bitcoin adoption methods and create options to deal with monetary challenges in underserved areas.

The AQUA Pockets serves because the cornerstone of those initiatives, offering sensible monetary options for households, companies, and people.

This funding marks a major milestone in JAN3’s mission to advance international Bitcoin adoption. 

By leveraging strategic partnerships and technological innovation, the corporate goals to broaden entry to Bitcoin-based monetary methods worldwide.