BOB Raises $25M In Community Funding For Bitcoin DeFi

Led by BOB Labs, the sale marks a key milestone in BOB’s transition to community ownership, distributing tokens globally ahead of its upcoming Token Generation Event (TGE). Conducted through CoinList and Gate Web3 Launchpad, the sale allocated 2% of $BOB tokens to 2,133 participants, adding €3.6 million ($4.2 million) to the company’s total funding.

BOB co-founder Alexei Zamyatin had this to say on this latest milestone: “The community sale was an important part of our pledge to transition BOB to community ownership. As the number 1 Bitcoin DeFi platform in terms of liquidity and users, we now have an aligned group of community protocol owners who, alongside tier 1 institutional funds, DeFi founders and leading BTC businesses, will be the driving force behind BOB’s mission to become the Gateway to Bitcoin DeFi, everywhere.”

In 2025, European funding activity in crypto and digital-asset infrastructure has surged, highlighted by several notable rounds: London-based Agio Ratings secured €5 million to help banks enter the crypto market, France’s Zaiffer raised €2 million for its confidential-token protocol and Deblock attracted €30 million for its unified euro-and-crypto banking platform representing roughly €37 million across the sector.

Against this backdrop BOB’s latest community-sale funding reflects the growing momentum in European blockchain infrastructure. The UK stands out as an emerging hub with both BOB and Agio Ratings headquartered in London while France continues to show strong growth through platforms such as Deblock and Zaiffer.

The community sale emphasised broad distribution and early-support rewards, offering participants the chance to purchase $BOB tokens at fully diluted valuations (FDVs) of €142 million ($165 million) for the Community Member tranche and €199 million ($230 million) for the Public tranche. Both tranches featured a 50% day-one unlock, with the remaining 50% vesting linearly over three months. Team members and VC investors vest over three years with a 12-month cliff.

Before the sale, the 2024-founded company had already raised €18 million ($21 million) through Seed and strategic rounds. The new funding further strengthens support for BOB’s mission to unlock €606 billion ($700 billion) in idle BTC as the Gateway to Bitcoin DeFi aiming to raise Bitcoin’s current 0.3% DeFi participation closer to Ethereum’s 30% utilisation.

This strong backing has enabled BOB to reach major technical milestones, including becoming the first hybrid ZK rollup, launching a BitVM bridge on testnet with institutional partners, and pioneering the first Bitcoin intents system enabling 1-click BTC access across major chains.

With its Token Generation Event (TGE) and transition to full community governance approaching, BOB remains focused on delivering the Gateway to Bitcoin DeFi roadmap.