HoneyB developer Nectar Group raises $5M seed at $30M valuation

The size of the round relative to the valuation suggests early-stage conviction in bitcoin-native yield products, a category that sits awkwardly between passive holding and structured credit. The undisclosed investor base is the notable gap: without knowing who is backing it, it is hard to gauge whether this is strategic capital from within crypto or generalist money. For the broader RWA and on-chain yield space, the open question is whether bitcoin income platforms can attract institutional-grade backing while the mechanics of generating that yield remain the sector's central credibility test.