Sundial Protocol – Strategic Partnership & Founding Investment

Context

While Ethereum-based ecosystems have advanced rapidly in decentralised finance and smart contracts, UTXO blockchains such as Bitcoin, Litecoin, and Dogecoin have remained largely underutilised due to their lack of smart contract functionality. As a result, trillions of dollars of hard assets are effectively idle, with limited avenues for yield or utility.

To address this gap, Appold has entered into a strategic partnership and made a founding investment in Sundial Protocol— the first UTXO-native Layer 2 designed to unlock secure, compliant Bitcoin yield generation at institutional scale.

Our Role

As both an investor and strategic advisor, Appold is supporting Sundial Protocol from pre-launch through to market adoption. Acting as an accelerator, we provide hands-on project management, governance oversight, and strategic direction to ensure the platform achieves rapid, sustainable growth while meeting the requirements of institutional participants.

Key Responsibilities

  • End-to-end project management, aligning commercial and technical strategies.

  • Design and execution of grant-based funding strategies.

  • Structuring and oversight of revenue models and monetisation pathways.

  • Coordination of strategic capital and partner networks.

  • Governance, compliance, and risk management frameworks.

Services

Project requirements:

  • Project Management

  • Research & Analysis

  • Strategic Advisory

  • Technical Integration

Partner Comment:

“At Appold, we were engaged to provide strategic and operational support to Sundial Protocol as it prepared to launch the first UTXO-native Layer 2. What impressed us was the scale of the opportunity to unlock institutional-grade yield from Bitcoin and other UTXO assets — a challenge the market had yet to solve effectively.

We were so convinced by the quality of the team, the strength of the technology, and the institutional demand that we not only partnered as advisors but also committed our own capital as a founding investor. By combining our advisory expertise with an aligned investment, we are helping to ensure Sundial Protocol scales rapidly, with the governance, compliance, and risk management standards expected by institutional users.”

— Rob Gaskell, Partner