Saturn Secures $2 Million Seed Funding to Build Bitcoin Application Layer

May 9, 2026

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.