From btctimes by Deniz Saat

Bitcoin infrastructure company JAN3 has completed a $5 million seed funding round to further develop its AQUA Wallet, a self-custodial Bitcoin and Layer 2 wallet.

The funding, supported by investors such as Fulgur Ventures, Grupo Salinas, Tether, East Ventures, and NYDIG, will enhance the wallet’s functionality and add features like credit cards, loans, and local on/off ramps to streamline financial transactions.

Grupo Salinas and East Ventures bring critical regional expertise to JAN3’s expansion efforts in Latin America and Asia, regions that are central to the company’s focus on increasing Bitcoin adoption in underserved markets.

As part of its strategy, JAN3 allocated $1 million from the funding to establish a Bitcoin Treasury, acquiring 12 Bitcoin at an average cost of $83,333.33 per Bitcoin. 

The AQUA Wallet, a key component of JAN3’s mission, integrates technologies such as the Lightning and Liquid Networks and has demonstrated rapid growth, recording $11 million in swap volume in November 2024.

Designed to simplify financial transactions, the AQUA Wallet also promotes financial inclusion by offering accessible tools for underbanked users. 

To further these efforts, JAN3 has engaged with leaders from 17 countries to explore Bitcoin adoption strategies and create solutions to address financial challenges in underserved regions.

The AQUA Wallet serves as the cornerstone of these initiatives, providing practical financial solutions for families, businesses, and individuals.

This funding marks a significant milestone in JAN3’s mission to advance global Bitcoin adoption. 

By leveraging strategic partnerships and technological innovation, the company aims to broaden access to Bitcoin-based financial systems worldwide.