Solv Protocol Launches $2B Shariah-Compliant Bitcoin Yield Product—Because Even Halal Needs a Bull Market
Dubai’s crypto scene just got a new heavyweight player. Solv Protocol, the $2B Bitcoin-staking platform, is rolling out the first Shariah-compliant BTC yield product in the Middle East—because nothing says ’ethical finance’ like chasing double-digit returns in a volatile asset class.
The move taps into the region’s booming demand for crypto that plays nice with Islamic finance rules. No interest? No problem. Solv’s structured product promises ’halal yields’ via profit-sharing mechanics—because apparently, Allah approves of leverage if you call it something else.
With oil money flooding into digital assets and regulators still playing catch-up, this could be the Trojan horse that brings institutional BTC adoption to the Gulf. Or just another way for VCs to repackage risk as ’innovation.’ Either way, the bags get heavier.