Seed round led by Portal Ventures. First platform strategy, partnered with $13.5B asset manager Simplify ETFs, is expected to open in the coming weeks.
Seed round led by Portal Ventures. First platform strategy, partnered with $13.5B asset manager Simplify ETFs, is expected to open in the coming weeks.
DOVER, DELAWARE, October 20, 2026 (PinionNewswire)
Nectar Group, Inc., the company developing the HoneyB platform, today announced a $5 million seed financing round led by Portal Ventures and Peer Ventures, with participation from Anchorage Digital Ventures and various family offices and angels. The company will use the proceeds to build the orchestration layer connecting Bitcoin with institutional capital markets.
Despite Bitcoin’s emergence as an institutional asset, earning yield on BTC is still fragmented and operationally hard. Investors have to piece together separate custodians, lenders, asset managers, on-chain protocols, and legal structures. HoneyB is being built to bring those pieces into one orchestration layer, so institutions can access yield strategies without moving Bitcoin from their qualified custodian or wrapping it off the Bitcoin network.
Through a single platform, HoneyB coordinates custody, credit, asset management, and regulatory compliance. The aim is to give treasury companies, exchanges, fintech platforms, family offices, and other eligible institutions access to income strategies that draw on real-asset yields rather than speculative token incentives.
“There is an enormous gap between the capital sitting in Bitcoin and the institutional income markets available through traditional finance,” said Josh Gordon, co-founder and CEO of HoneyB. “HoneyB is the orchestration layer between those two worlds. We are bringing fragmented pieces together so institutions can reach differentiated sources of income through one platform, without moving their Bitcoin.”
Catrina Wang, General Partner at Portal Ventures, said, “The demand for reliable Bitcoin yield is indisputable, but the question is how. Today’s offerings are either institutionally gated, relatively low-yielding, or involve smart contract, custodial, or counterparty risks. The market is also fragmented across DeFi and CeFi, on-chain pools and off-chain funds.”
“Non-custodial, no wrapping, and sustainable at scale — HoneyB is the most elegant solution I’ve seen for a one-click experience to access institutional-grade Bitcoin yield, with meaningfully higher yields than existing alternatives.”
Bridging the Bitcoin income gap
HoneyB focuses on income generated outside the crypto ecosystem, connecting Bitcoin and digital-asset capital with strategies across income ETFs, fixed income, private credit, and structured products. It is being built around three aims:
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Real, sustainable yield: Income generated by identifiable and repeatable economic activity rather than temporary token incentives
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Uncorrelated returns: Strategies whose returns come from sources outside of Bitcoin or broader crypto-market speculation
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Institutional liquidity: Scalable yield sources, defined redemption terms, and deep liquidity designed for institutional capital
HoneyB infrastructure is designed to let institutions view and manage multiple sources of income from their BTC through a single dashboard.
First institutional strategy
The first strategy planned for HoneyB is built on a fund that provides access to a diversified portfolio from Simplify Asset Management, a registered investment adviser managing approximately $13.5 billion. The fund is managed and tokenized by Alphaledger, a US-regulated investment manager and owner of a registered broker-dealer. The fund draws income from established financial markets including US Treasuries, credit, gold, volatility risk premia, and options-based income.
“Simplify is excited to partner with HoneyB and Alphaledger to bring institutional-quality income strategies to the crypto ecosystem,” said Krisna Patel, Managing Director at Simplify Asset Management. “Our model combines multiple complementary strategies designed to generate risk-managed income while dynamically adapting to changing market environments.”
The planned initial strategy illustrates the broader model: connecting digital-asset capital with income opportunities while coordinating the custody, liquidity, and regulatory infrastructure required around them.
About Nectar Group and HoneyB
Nectar Group, Inc. is the company developing the HoneyB platform as the income orchestration layer for Bitcoin. The platform connects Bitcoin and digital-asset capital with institutional income strategies offered by its issuer to eligible investors. Learn more at honeybtc.com
About Simplify Asset Management
Simplify Asset Management is a registered investment adviser founded in 2020 by Paul Kim and David Berns to help advisors address portfolio construction challenges through an innovative set of options-based strategies. The firm manages approximately $13.5 billion across its ETF lineup. Simplify ETFs are distributed by Foreside Financial Services, LLC.
About Alphaledger
Alphaledger is a US-regulated investment manager and the owner of a registered broker-dealer, providing origination and tokenization infrastructure for institutional investment products.
Important notice. This announcement is for information only. It is not an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any product made available through HoneyB will be offered only to eligible persons in permitted jurisdictions and under its own terms. Statements about plans and timing are forward-looking and may change.
Media Contact
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Genius PR
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