Nectar Group raises $5M seed round for HoneyB Bitcoin yield platform

Nectar Group, the company building Bitcoin income platform HoneyB, has closed a $5 million seed round. The raise gives the startup a post-money valuation of $30 million, according to a report dated October 20, 2026. The pitch is aimed squarely at institutions sitting on large Bitcoin piles that currently do nothing. HoneyB wants to put that BTC to work without making holders wrap it, bridge it, or hand over custody. How HoneyB plans to generate yield The core mechanism is a carry trade. In HoneyB’s version, an institution posts its BTC as collateral and borrows stablecoins against it. Those stablecoins then flow into tokenized real-world asset strategies, which are traditional financial products represented as tokens on a blockchain. The strategies on offer come from firms including AlphaLedger and Simplify. They are anticipated to produce gross annualized returns of around 12%. The net yield from those strategies goes back to users. Meanwhile, they keep their full exposure to Bitcoin’s price moves. Note the word “gross” in that 12% figure. What lands in a user’s account will depend on what gets subtracted along the way, including borrowing costs on the stablecoin side. Built for i...