# Rootstock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rootstock

- Industry: Financial Services
- Headquarters: Buenos Aires, Argentina
- Website: www.rsk.co
- Total disclosed funding: $1M
- Latest round: Seed (Mar 22, 2016)
- Investors on record: 3

## About

Rootstock offers a decentralized finance (DeFi) layer for Bitcoin, enabling users to access various financial applications and services that enhance Bitcoin's capabilities.Founded in 2015, Rootstock operates from Buenos Aires, Argentina, focusing on improving Bitcoin utility through DeFi solutions. The company raised USD 1 million in Seed funding on March 22, 2016, led by Bitmain Technologies Holding Company and included investors like Coinsilium Group and Digital Currency Group. The innovative technology positions Rootstock in the evolving cryptocurrency landscape, with no recorded pivots or changes in business strategy.Rootstock (RSK) enhances Bitcoin's functionality through its DeFi layer, allowing Bitcoin users to engage in financial applications. Key offerings include rBTC, Rootstock's native Bitcoin asset, and services like yield earning, liquidity pooling, and loan facilitation using Bitcoin as collateral. The platform supports over 150 partners, enabling diverse DeFi applications, such as liquidity provision with Beefy and trading via Oku, catering to individual investors, developers, and enterprises globally, particularly in North America, Europe, and parts of Asia.Rootstock generates revenue from transactional fees related to its DeFi services and ecosystem partnerships. Users participate in activities such as earning yield on investments and utilizing Bitcoin in liquidity pools. The pricing structure relies on transaction volumes and service fees, particularly for flagship products like rBTC, enhancing the utility of the Bitcoin network and meeting the rising demand for Bitcoin-enabled financial services.Rootstock plans to leverage its recent USD 1 million Seed funding to enhance its product offerings and expand into new markets. The funding aims to support development initiatives and potentially launch new financial products, although specific products and release dates are not detailed. Furthermore, Rootstock is targeting expansion into emerging markets, particularly in Asia, by the end of 2023, to capitalize on the growing adoption of cryptocurrencies.

## Funding rounds

- Seed, Mar 22, 2016, $1M — Digital Currency Group, Coinsilium Group, Bitmain Technologies Holding Company

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Coinsilium Group — Seed
- Bitmain Technologies Holding Company — Seed