Nectar Group Completes $5 Million Seed Round Led by Portal Ventures

Odaily reports that Nectar Group has announced the completion of a $5 million seed round led by Portal Ventures, with participation from Peer Venture Partners, Anchorage Digital Ventures, an unnamed family office, and angel investors. The company is the developer of HoneyB, a Bitcoin yield platform that primarily helps Bitcoin holders borrow stablecoins using their holdings as collateral and invest in yield strategies involving U.S. Treasuries, fixed income, credit, gold, volatility, and options.