vBTC.b has launched on Base with support from Fireblocks to bring Bitcoin’s digital-gold characteristics and brand recognition to DeFi and institutional self-custody. vBTC is presented as a non-synthetic Bitcoin asset with built-in native bitcoin redemption and compatibility with Base and Coinbase’s EVM ecosystem. Fireblocks listing enables self-custody for institutional users. The DeFi market is described as holding over $80 billion, while Bitcoin’s representation is stated as relatively small compared with Ethereum. VerifiedX claims demand for Bitcoin in DeFi is growing, driven by institutions seeking regulatory compliance and privacy from onchain analysis and front running. The system uses FROST multiparty computation nodes for cross-chain functionality and received an institutional full-stack audit via Halborn.
"vBTC is now live as a canonical asset on Base under the ticker vBTC.b and is officially listed inside the Fireblocks platform with self-custody enabled."
"VerifiedX is the first “Non-Synthetic Bitcoin Asset” with built-in native bitcoin redemption, compatible with Base, Coinbase's increasingly popular EVM blockchain and Defi platform."
"VerifiedX believes there is strong demand for Bitcoin inside Defi, with institutions increasingly interested in self-custody solutions that can satisfy their needs for regulatory compliance as well as privacy from onchain analysis and front running."
"Their novel approach leverages a large open network of FROST multiparty computation (MCP) nodes that arguably set a new standard for cross-chain technologies. The VerifiedX tech stack has received “an institutional full-stack audit via Halborn.”"
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