On February 18, Nimbus Capital announced a $15 million strategic partnership with Chimera Wallet, a non-custodial wallet built on Bitcoin VTXO technology. The partnership aims to expand decentralized finance (DeFi) capabilities within the Bitcoin ecosystem and promote the development of programmable financial instruments on the Bitcoin network.
Both parties stated that this collaboration will integrate the underlying security of Bitcoin with the programmability of the Arkade layer built on Bitcoin, providing users with DeFi-related services including asset exchange, lending mechanisms, liquidity functions, fiat currency deposit channels, and payment integration, while maintaining control over self-custodied assets.
Claudio Levrini, founder and director of Chimera, stated that the collaboration combines financial expertise with Bitcoin infrastructure development, aiming to enhance the practical applications of Bitcoin while ensuring self-custody. Robert Baker, managing partner of Nimbus Capital, said that this move will help promote the further integration of Bitcoin in institutional and decentralized settings.
According to reports, Chimera plans to use this collaboration to accelerate product development, including the global promotion of the Chimera Visa card to support BTC and fiat currency conversion, integration of digital gift cards and merchant gateway systems, improvement of liquidity and cross-chain interoperability, and development of user-end functions including Swap, yield products, and portfolio management.
