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Nectar Raises $5 Million to Build Bitcoin-Backed Income Platform

TokenPost·October 21, 2026·1 min read
Nectar Raises $5 Million to Build Bitcoin-Backed Income Platform

Nectar raised $5 million to build a Bitcoin-backed income platform. HoneyB plans to let institutions borrow stablecoins against Bitcoin and invest through a fund. Target returns are 2% to 4% annually after borrowing costs and fees, offering a new yield avenue for BTC holders.

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