Middle East Welcomes Solv’s $2B Bitcoin-Staking Protocol, Featuring the First Shariah-Compliant BTC Yield Product.

Solv Launches Shariah-Compliant Bitcoin Yield Offering, Expanding Investment Opportunities in the Middle East

Solv, the Bitcoin staking platform with over $2 billion in Bitcoin locked on its network, unveiled a new Shariah-compliant yield product, SolvBTC.core, on Tuesday, making it easier for Middle Eastern investors to earn returns while adhering to Islamic finance principles.

The SolvBTC.core is a liquid staking token designed for Bitcoin holders, developed in partnership with the Core ecosystem, which offers decentralized finance (DeFi) solutions such as lending, restaking, liquid staking, and decentralized exchanges. This innovative product is fully compliant with Shariah principles and has been validated by Amanie Advisors and created with guidance from Nawa Finance.

The product works by securing the Core blockchain and participating in DeFi activities that generate yield. This allows Bitcoin holders in the Middle East to earn passive income on their assets, aligning with both regional and religious investment guidelines.

Solv Protocol enables Bitcoin holders to take advantage of staking and lending features to enhance their portfolio returns. With the introduction of SolvBTC.core, BTC holders in the Middle East now have a pathway to participate in the Core blockchain ecosystem, earning additional returns while adhering to Shariah law.

Ryan Chow, founder of Solv Protocol, noted that the Shariah-compliant nature of the product offers a great opportunity for institutional investors in the Middle East to gain exposure to digital assets in a compliant manner.

“By aligning with both regional regulations and global financial standards, SolvBTC.core provides sovereign wealth funds and traditional financial institutions in the region with a safe and ethical way to stake Bitcoin and earn on-chain returns. This is a key development in the broader institutional adoption of digital assets,” Chow said in a press release.

Shaqir Hashim, core contributor at Nawa Finance, highlighted that Bitcoin is a widely-held asset in countries like Saudi Arabia, UAE, Pakistan, Nigeria, Indonesia, and Malaysia, and these markets are now seeking ways to earn additional yield on their Bitcoin investments.

“Yield is the next frontier for Bitcoin holders. At Nawa Finance, we’re helping to facilitate the transition to ethical, Shariah-compliant yield strategies, ensuring that institutions and communities across these regions can participate in the digital asset revolution,” Hashim explained.