Interlay Ltd

Interlay Ltd specializes in decentralized finance (DeFi) solutions, empowering Bitcoin holders to unlock their asset's value while retaining control over their private keys through innovative products like the Interlay Vault. Interlay Ltd, founded in 2019 in London, UK, is focused on providing DeFi solutions for Bitcoin holders. In August 2025, Interlay Ltd raised USD 9. 5 million in venture funding from unspecified investors.

The CEO and co-founder Alexei Zamyatin have a history in the tech industry, contributing to the company's strategic direction. Interlay primarily offers a suite of decentralized finance (DeFi) solutions aimed at Bitcoin (BTC) holders, enabling them to unlock the value of their assets while maintaining control of their private keys. The core product is the Interlay Vault, which allows users to lock their BTC and receive an equivalent amount of iBTC at a 1:1 ratio. This token can be utilized across multiple blockchains, facilitating lending, borrowing, and trading activities.

The platform supports a wide range of use cases, including collateralized borrowing and leveraged trading, catering to both individual investors and institutional clients aiming to enhance their Bitcoin returns. Geographically, Interlay serves a global market, focusing on regions with rising cryptocurrency adoption, such as North America, Europe, and parts of Asia. Interlay generates revenue through transaction fees associated with its DeFi activities, primarily from the volume of trades and loans facilitated on its platform. Users engage in various transactions such as swapping BTC for iBTC or utilizing their BTC as collateral to borrow other assets, each incurring a fee that contributes to the company’s revenue stream.

Additionally, operators of Vaults can earn fees based on the volume of BTC processed through their services, diversifying the revenue sources while maintaining a direct-to-consumer model in a decentralized environment. Following the USD 9. 5 million in funding from unspecified investors. Interlay is expanding its cross-chain capabilities, launching BTC staking, and rolling out structured financial products like Bitcoin-backed stablecoins.

It’s also enhancing DAO governance and incentivizing developers to build on its platform through grants and integrations.