BOB announces integration with Fireblocks, leading a new era of institutional BTC DeFi.
Powered by ChatGPTAccording to TechFlow, the hybrid Layer2 project BOB (Build on Bitcoin) announced today that it has integrated with digital asset custody provider Fireblocks. This move will provide a secure and reliable channel for institutional investors to participate in $BTC DeFi.
By integrating Fireblocks' institutional-grade MPC wallet technology, the BOB network will enable its over 2,000 institutional clients to securely deploy Bitcoin assets within the BOB ecosystem. Currently, the TVL of the BOB testnet has stabilized at around $250 million, with over 330,000 users and 20 million transactions completed on the mainnet.
It is worth noting that BOB recently launched a trust-minimized Bitcoin bridge supported by BitVM on the testnet. Combined with this Fireblocks integration, it will provide a safer and more efficient participation channel for institutional investors in $BTC DeFi. After the integration is completed, institutional users will be able to interact seamlessly with DeFi protocols through Fireblocks' contract calling API, WalletConnect, and browser extension functionalities.
BOB co-founder Alexei Zamyatin stated that this collaboration will meet the needs of institutions and Bitcoin whales to earn returns while ensuring security, laying the foundation for the institutional development of $BTC DeFi.