Dubai’s Resolv Labs Raises $10M to Expand Yield-Bearing Stablecoin Platform

Founded in 2023 by Ivan Kozlov, Fedor Chmilev, and Tim Shekikhachev, the Dubai-based startup offers a delta-neutral strategy via its flagship product: the USR stablecoin. Pegged to the U.S. dollar and designed for capital preservation, USR aims to deliver stable, predictable returns while shielding investors from the price volatility commonly associated with digital assets.

The round was co-led by Cyber.Fund and MAVEN 11, and included high-profile backers such as Coinbase Ventures, Arrington Capital, Animoca Ventures, SCB Limited, Gumi Cryptos, NoLimit Holdings, and Robot Ventures.

The funding marks a major step forward for Resolv Labs, which aims to redefine stablecoin utility through a delta-neutral design that offers reliable returns without exposing users to traditional crypto market volatility. The team sees this structure as essential to gaining institutional trust and scaling adoption within the DeFi ecosystem.

At the heart of Resolv’s architecture is a two-tiered yield structure. The senior tier, composed of USR holders, receives stable yields with minimal risk. Meanwhile, a junior tranche, represented by RLP (Resolv Liquidity Pool) token holders, absorbs market volatility in exchange for higher potential returns.

The model draws inspiration from structured finance instruments in traditional capital markets and applies them in a decentralized context. By holding ETH and offsetting exposure with perpetual short positions, the protocol achieves a delta-neutral stance—one that removes directional risk.

This layered approach to risk segmentation allows the platform to cater to a diverse user base, ranging from conservative investors seeking capital stability to yield-seekers pursuing higher returns.

With a total value locked (TVL) of $450 million as of April 2025—down from a post-election high of $600 million—Resolv has demonstrated strong traction since its September 2024 launch. The startup plans to leverage the fresh capital to expand its yield-generation strategies, with particular focus on Bitcoin-backed instruments, broaden its integration with institutional asset managers, and deploy the protocol on additional blockchain networks.

Resolv Labs believes that yield-bearing stablecoins have the potential to surpass transactional ones like USDT in scale and utility. The team views stablecoins as critical infrastructure for delivering risk-adjusted income, with Resolv specifically designed to capitalize on this emerging shift in decentralized finance.

The team is also working on enhancing governance and transparency features to meet the evolving regulatory expectations facing DeFi platforms, particularly as institutional capital becomes more prominent in the space.

Resolv’s timing couldn’t be more opportune. With DeFi regaining momentum after regulatory crackdowns in 2023–24, investors are increasingly drawn to protocols offering stable, risk-mitigated returns. As traditional finance explores ways to interact with DeFi in compliant and secure ways, Resolv’s architecture offers a compelling bridge between the two worlds.

By eliminating directional exposure and introducing tiered risk models, Resolv is helping redefine what stablecoins can achieve—beyond simple payment rails to yield-generating financial instruments.

As institutional interest in blockchain grows, Resolv Labs stands positioned to play a pivotal role in shaping the future of decentralized income products.