# River: Information technology & services, Iceland

> River: Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. Based in Iceland. Founded 2024.

Source: https://millionrounds.com/startup/river-5 (Millionrounds; every figure on the page links to its filing or article)

Iceland · [Information technology & services startup](https://millionrounds.com/companies)

# River

Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin.

Funding reported Last round: Venture (Round not Specified)

Information technology & services Iceland

Company summary

- **Founded:** 2024 2 years old
- **Team:** 3 1 to 10 people
- **Funding reported:** 14M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Jan 2026

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for River has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About River

Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin.

Mint satUSD with BTC as collateral across the Bitcoin Mainnet and L1s/L2s.

## What company datasets say River raised

Funding, as reported

Reported in all **14M** in the source's currency

Last round **Venture (Round not Specified)**

Last round size **12M**

Last round date **Jan 2026**

## The company, in detail

What they build

Known for

satusd blockchain services defi chain-abstraction stablecoin information technology & services financial services finance liquidity connection securities and commodity contracts intermediation and brokerage b2c omni-cdp layerzero oft standard protocol security multi-chain collateralization cross-chain liquidity

Built with from their website

Google Tag Manager Google App Engine Amazon CloudFront Google Workspace CloudFlare Viewport Meta dc.js Varnish webpack X (Twitter)

+8 more

Webflow Hosting Google Meet Firebase GitBook CloudFlare CDN Priority Hints React Google Font API

- **Sector:** Information technology & services
- **Industry code:** NAICS 5231, SIC 6289

## Information technology & services in Iceland

Startups like it

- [**Agentrys** founded 2025 *Raised*](https://millionrounds.com/company/agentrys)
- [**TripCreator** Reykjavik · founded 2013 *Raised*](https://millionrounds.com/company/tripcreator)
- [**50skills** Kopavogur · founded 2017 *Raised*](https://millionrounds.com/company/50skills)
- [**Lucinity** Reykjavik · founded 2018](https://millionrounds.com/startup/lucinity)
- [**Encore Pro** Reykjavik · founded 2013](https://millionrounds.com/startup/encore-pro)
- [**Treble Technologies** Reykjavik · founded 2019](https://millionrounds.com/startup/treble-technologies)
- [**GRID** Reykjavik · founded 2018](https://millionrounds.com/startup/grid-7)
- [**hopp** Reykjavik · founded 2019](https://millionrounds.com/startup/hopp-3)

## Is this your company?

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