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Cryptocurrency News Articles

Elastos Secures $20M Investment from Rollman Management to Advance Bitcoin-Native DeFi, ELA Token, and Web3 Data Economy

Jan 30, 2025 at 11:06 pm

Funding accelerates the development of Elastos’ ELA token, Native Bitcoin DeFi protocol, and Web3 data economy – positioning Elastos as the utility layer for Bitcoin.

Elastos Secures $20M Investment from Rollman Management to Advance Bitcoin-Native DeFi, ELA Token, and Web3 Data Economy

Majuro, Marshall Islands, January 30th, 2025, Chainwire

Strategic investment to scale Elastos’ Native Bitcoin DeFi protocol, merge-mined ELA token, and Web3 data economy – positioning Elastos as the utility layer for Bitcoin.

Elastos, a decentralized web infrastructure pioneer, today announced a $20 million strategic investment from Rollman Management. This investment will be used to scale Elastos’ Bitcoin-aligned ecosystem. Recognized for its high-profile investments in blockchain projects like Ripple, Ethereum, Solana, and Planck, Rollman Management now ranks Elastos among its top five holdings. This partnership will fuel the launch of Elastos’ Native Bitcoin DeFi protocol, BeL2, expand its merge-mined ELA token as a Bitcoin reserve asset, and accelerate Elacity—a Web3 data marketplace that enables creators to monetize content without intermediaries on top.

With Bitcoin’s market cap now surpassing $2 trillion, critical gaps in the Bitcoin ecosystem remain:

“Leveraging Bitcoin’s trillion-dollar consensus to empower Web3 users with scalable utilities—that's where Elastos comes in,” said Rong Chen, Elastos Founder. “Merge-mining ties ELA’s security to Bitcoin’s, and BeL2, Elastos’ decentralized finance protocol, unlocks BTC-backed DeFi without compromises, whilst Elacity creates a decentralized digital goods economy on top. Rollman's investment supports our role as Bitcoin’s utility layer”.

The $20M investment from Rollman will drive the advancement of Elastos technologies and also help Elasts reorient its branding, mature its technological stance, and go to market. This includes enhancing marketing efforts, which will further position Elastos as a leader in the growing Bitcoin-native DeFi space.

Elastos as a Pioneer in Bitcoin-secured Governance

Beyond its technological advancements, Elastos stands out for its Cyber Republic Consensus (CRC) governance model, formalized as a DAO LLC in the Marshall Islands, which signed this agreement with Rollman. This delegate-based system allows community members to stake Bitcoin merge-mined ELA, earn APY, and annually elect—or run as—one of 12 council members who vote on proposals, drive innovation, sign contracts, and validate Elastos’ Smart (EVM) and Identity (DID) sidechains. This ensures governance decisions reflect the community’s interests and demonstrates Elastos’ commitment to a truly decentralized and transparent ecosystem rooted in Bitcoin.

As Elastos enters its next phase of growth, participants can join the ecosystems CRC DAO by acquiring merge-mined ELA, which has a market cap of $48,542,586 and is secured by nearly 50% of Bitcoin’s hashrate (366.01 EH/s, equivalent to 244.008 Frontier Supercomputers). ELA offers 6+ years of proven security, a fixed cap of 28.22M tokens to be fully mined by 2105, and 3.29% emissions via its Essentials Wallet, ensuring scarcity and predictability for holders. Available on Centralized Exchanges (Coinbase, KuCoin, Gate.io, Huobi, Bitget, Crypto.com) and Decentralized Exchanges (Uniswap, Chainge Finance, Glide Finance), ELA empowers holders to shape Elastos’ future through CRC governance—driving innovation, reinforcing Bitcoin-level security, and building the next generation of decentralized applications.

Additional Information

About Elastos

Elastos is a SmartWeb ecosystem builder focused on enabling decentralized application creation and cross-chain connectivity. Built on top of Bitcoin merge-mining, Elastos relies on the security of the world’s largest public blockchain and extends it with additional layers. The introduction of BeL2 and its Arbiter Network marks Elastos’ latest effort to advance a more open, clear, and trustless global financial system.

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Other articles published on Jan 31, 2025