Holyheld, a leading Swiss crypto payments startup, recently announced that it has secured funding to enhance its BRRR protocol. This investment comes from several notable entities, including Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, and Moonlanding Ventures. Additionally, angel investors from well-known projects like Lido, Olympus, Dinero, Paragon, Superfluid, vfat, Inverse Finance, Daedalus, DCV, Generative Ventures, and Vamient are also involved.

The goal of the BRRR protocol is simple: to create the necessary infrastructure for users to transact globally with merchants in real time. Holyheld aims to connect public blockchain networks with traditional payment systems and card networks. This connection will form a global layer for instant payments.

Anton Mozgovoy, the CEO of Holyheld, expressed his excitement, saying, “This opportunity consolidates our lead in the market. It fuels our drive to redefine how real-time payment clearing should work. With our technology for global stablecoin orchestration, we are well-positioned to transform how users and businesses conduct transactions today.”

The BRRR protocol powers Holyheld’s app, which is already a leader in the European market for Web 3.0 payment applications. The app provides users with a cash account and a debit card available to residents in 30 European countries. Users can connect any self-custody wallet to the Holyheld app, allowing them to use their cryptocurrency for daily purchases. This setup supports familiar consumer behaviors, like swiping or tapping a card or mobile device for payments, while users maintain control over their funds.

Dr. Anton Zagorodnikov, co-founder and CTO of Holyheld, stated, “This funding is an essential step as we work towards our vision of enabling crypto customers and fintechs to develop new payment settlement and reconciliation solutions using crypto.” The new funding will help Holyheld expand the protocol to more clients and payment networks worldwide.

Holyheld has integrated over 100 leading crypto protocols across 15 blockchain networks. Since its launch in April 2023, the BRRR protocol has facilitated over $100 million in transaction volume.

Chris Abshire, a principal at Toyota Ventures, commented, “Holyheld turns any self-custody wallet into a personal IBAN and a debit card. This creates a frictionless digital wallet experience for users. We are excited to collaborate with Holyheld’s team as they build the leading on-chain clearing house.”

Founded in 2022, Holyheld is committed to helping crypto customers and fintech firms create innovative payment settlement and reconciliation solutions using stablecoins. With offices in Zug, Switzerland, and Vilnius, Lithuania, Holyheld’s first product is a Web 3.0 debit card. This card allows users to make traditional payments using digital assets. The BRRR (Blockchain Reconciliation and Remittance Record) protocol empowers consumers invested in blockchain-related assets to have significant purchasing power in the real world.