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Xitadel Builders Round: Backed by the Builders of Solana

— Xitadel

Xitadel Builders Round: Backed by the Builders of Solana

We’re thrilled to announce the close of our Builder’s Round, joined by a powerful collective of early Solana ecosystem founders and protocol builders.

Raising capital is hard, but finding the right people is even harder. For this round, we made it our mission to align with those who’ve shipped, scaled, and stewarded the Solana ecosystem from the ground up.

From the earliest days of core infrastructure to today’s dominant DeFi apps, these are the builders who know what it takes to win.

We’re especially grateful to be backed by Solana OGs like Anatoly (Solana), Nom (BONK), Soju & Kash (Jupiter), Justin & Dean (Zeus Network), and Tristan (Backpack) - as well as rising leaders across the ecosystem, including Anna (Perena), Erbil (Huma Finance), Chris (SonicSVM), Zac (Fragmetric), and many more familiar faces in the image above.

Their conviction is simple: crypto needs a native bond market.

And it’s time we build it.

The Problem: Treasury Rich, Liquidity Poor

Web3 projects often emerge from TGEs with 9-figure token treasuries, yet they struggle to access stablecoin liquidity without dumping on their communities.

Traditional options are broken:

  • OTC deals are slow, nontransparent, and highly dilutive, often involving steep discounts that hurt long-term holders.
  • Lending protocols offer low LTV and lack defined maturity structures - making them ineffective for projects seeking meaningful liquidity.

This leads to misaligned cap tables, yield-seeking mercenaries, and systemic inefficiency across the ecosystem.

Xitadel: The Bond Layer for Web3

Xitadel introduces Liquid Treasury Tokens (LTTs) - overcollateralized, fixed-term, fixed-yield instruments backed by governance tokens and tradable on-chain.

Projects lock their governance tokens as collateral and receive stablecoins by issuing LTTs.

Each LTT represents a fixed claim on principal + interest at maturity. From the investor’s perspective, LTTs are fixed-income assets with a known APY and real principal protection, more like zero-coupon bonds than variable DeFi instruments.

Unlike lending protocols or ve-token models, LTTs are freely tradable on AMMs, offering liquidity and optionality. They are not synthetic. They are not rehypothecated. They are simply fixed-yield products, backed 1:1 by locked assets, with a clear maturity date and deterministic return.

Projects can:

  • Raise stablecoin liquidity without selling tokens
  • Retain upside and protect long-term alignment
  • Tap into a transparent and scalable credit primitive

Investors can:

  • Access yield-bearing instruments with principal protection
  • Trade LTTs freely via AMMs
  • Price risk based on transparent collateral and maturity terms

LTTs are issued on Solana, and soon composable cross-chain via Wormhole and Chainlink.

Why This Matters

This isn’t just another structured product. It’s the first step toward a full-stack on-chain debt market.

We’re building toward:

  • Bond Perps
  • Insurance (Credit Default Swaps)
  • Permissionless issuer onboarding

Each powered by LTTs as the base layer of fixed-income infrastructure. The opportunity isn’t theoretical. It’s massive, growing, and underexplored.

We’re not here to mimic TradFi, we’re here to outbuild it.

Looking Ahead

Our launch is around the corner.

If you’re a founder looking to unlock stablecoin liquidity from idle governance tokens, we want to talk.

To our backers: thank you for your early conviction.

To the rest of the market: watch this space.

The first bond layer for web3 is coming. Everything else is exit liquidity.

-Team Xitadel

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