Nimbus Capital and Chimera Wallet Forge $15 Million Partnership to Enhance Bitcoin DeFi

On February 18, Nimbus Capital announced a $15 million strategic partnership with Chimera Wallet, a non-custodial wallet built on Bitcoin's VTXO technology. According to BlockBeats, the collaboration aims to expand decentralized finance (DeFi) capabilities within the Bitcoin ecosystem and advance programmable financial tools on the Bitcoin network. The partnership will integrate Bitcoin's underlying security with the programmable capabilities of the Arkade layer built on Bitcoin. This integration will offer users DeFi-related services such as asset exchange, lending mechanisms, liquidity functions, fiat on-ramps, and payment integration, all while maintaining self-custody of assets. Claudio Levrini, founder and director of Chimera, stated that the collaboration combines financial expertise with Bitcoin infrastructure development, aiming to enhance Bitcoin's practical applications while ensuring self-custody. Robert Baker, managing partner at Nimbus Capital, noted that this move will facilitate further integration of Bitcoin in both institutional and decentralized settings. Chimera plans to leverage this partnership to accelerate product development. This includes the global rollout of the Chimera Visa card to support BTC and fiat conversions, integration of digital gift cards and merchant gateway systems, enhancement of liquidity and cross-chain interoperability, and development of user-end features such as swaps, yield products, and portfolio management.