Lava.xyz – GoDaddy customer – (United States)
Innovators use .xyz domains to develop new infrastructure for finance, technology, and the decentralized web. Zero-knowledge (ZK) tech company ZKV.xyz aims to shape the future of blockchain security and privacy. Liquidity distribution platform Turtle.xyz coordinates incentives for participants across the DeFi ecosystem. Programmable datachain Irys.xyz introduces a model for onchain data interaction. In this week’s #BlockchainThursday, we’ll introduce you to a bitcoin-backed financial platform designed to help people save in bitcoin and spend in dollars: Lava.xyz.
Lava.xyz is the online home of Lava, a bitcoin-backed financial platform designed to help users save in bitcoin and spend in dollars securely and simply. The platform’s stated mission is to make financial freedom more attainable so that people can focus their time on living meaningful lives rather than managing finances. Lava offers bitcoin-collateralized loans that allow users to unlock liquidity without selling their holdings. In October 2025, Lava announced a $17.5M fundraise to support the growth of its lending platform and infrastructure, bringing its total funding to more than $27M.1
As described in its one pager, Lava aims to address global financial exclusion by offering secure and straightforward financial tools for the roughly four billion people who remain unbanked. The company’s materials describe bitcoin as “the world’s best savings asset” and digital dollars as “the first globally accessible, instant settlement rail for dollar payments.” Lava’s model is designed to make it easier for individuals to save in bitcoin while maintaining the ability to spend in dollars. The platform’s bitcoin-backed borrowing system is presented as a way to “securely save in bitcoin and spend in dollars,” reducing the need to sell bitcoin during financial needs or market downturns. According to the website, Lava’s long-term vision is to build a more resilient financial experience that empowers individuals and holds the traditional fiat system accountable by offering a viable alternative.
Lava was founded in 2022 by Shehzan Maredia, who previously worked as an engineer on Google’s Cloud AI team and earlier founded a contact-tracing startup called ContainIt, which merged with NOVID. In a statement on Lava’s Our Story page, Shehzan shares that his parents grew up in poverty in India and later immigrated to the United States, where they worked long hours to build a better life. He explains that this experience shaped his belief that the current financial system forces people to become investors just to preserve their wealth. Shehzan writes that “Bitcoin fixes this” by serving as a truly scarce, global asset that redefines saving. He notes that he founded Lava after realizing that no platform offered a simple way to save in bitcoin and spend in dollars. According to Shehzan, Lava’s borrowers have used bitcoin-backed loans for expenses such as homes, tuition, and medical care, allowing them to retain bitcoin exposure.
Lava’s use of the short, memorable domain name Lava.xyz reflects the company’s emphasis on simplicity and digital-first accessibility. .XYZ aligns with Lava’s modern approach to global finance and its mission to expand financial tools beyond geographic or institutional boundaries. The concise name reinforces the project’s focus on clarity and universality and positions Lava alongside other web3 innovators that use .xyz domains to represent forward-thinking work. You can learn more by following the company on X/Twitter @lava_xyz and LinkedIn @lavaxyz, and by visiting Lava.xyz.
1.https://blockworks.co/news/lava-raise-17m-lending-platformXYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.
