Saturn announced a $2 million seed round led by The Spartan Group on May 7, 2026, to build a Bitcoin-native DeFi application layer and tokenized credit infrastructure. The protocol has exceeded $125 million in total value locked and offers USDat stablecoin backed by U.S. Treasury bills. Season 1 ends August 8, 2026, with up to 5% of governance tokens allocated to participants without additional KYC requirements.
Seed funding round
- ▪Saturn announced its $2 million seed round on May 7, 2026
- ▪Saturn secured a $2 million seed funding round led by The Spartan Group
- ▪Saturn will use the seed funding to enhance the protocol's security audits, regulatory compliance frameworks, and integration with other protocols in the ecosystem
- ▪Susquehanna Crypto participated in Saturn's $2 million seed funding round
Bitcoin application layer infrastructure
- ▪Saturn is building a decentralized application layer on Bitcoin
- ▪Saturn can provide access to Strategy's tokenized credit ($STRC) to more than 500 million stablecoin users around the world
- ▪Saturn is building a digital credit protocol on top of Bitcoin
- ▪Saturn's infrastructure excludes users in the United States and the European Economic Area (EEA)
USDat stablecoin
- ▪Saturn's USDat stablecoin is backed by tokenized U.S. Treasury bills
- ▪Saturn's USDat stablecoin trades in a 1:1 ratio with U.S. dollars
sUSDat tokenized credit access
- ▪By integrating USDat and sUSDat into Saturn, Bitcoin can be leveraged as a liquid and yield-bearing asset
- ▪Saturn's sUSDat is a financial product that allows users to access Strategy's ($STRC) tokenized credit products
Total value locked growth
- ▪Saturn has integrations with Morpho, Pendle, Strata Markets, and the Stacks network
- ▪Saturn's total value locked (TVL) has exceeded $125 million
Governance token distribution
- ▪The Saturn Foundation will allocate up to 5% of its governance token's initial supply to Season 1 participants
- ▪No additional KYC will be required for Saturn Season 1 participants to receive the governance token allocation
- ▪Saturn's Season 1 will end on August 8, 2026, or once the protocol reaches its established capacity for allocation
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