On June 21, Bitcoin DeFi protocol Ordinox completed a $1 million pre-seed round of financing, which was participated by UTXO Management, Digital Asset Capital Management, CMS Holdings, Sats Ventures, Hidden Street and STS Digital, and angel investors such as BRC20 founder Domo also participated in this round of financing. It is reported that Ordinox provides DeFi services on Bitcoin based on the native liquidity pool powered by the Cosmos SDK.