Lombard Finance has acquired the live on-chain infrastructure of BTC.b, a $538M Bitcoin asset on Avalanche. The firm plans to channel this flow across Ethereum, Solana, and other major chains starting next year.
Summary
- Lombard Finance acquires BTC.b, a $538M Bitcoin asset on Avalanche, along with its infrastructure and 12,500-address user base.
- The firm plans to migrate BTC.b to its decentralized protocol by Q4 2025, secured by 15 institutional entities.
- BTC.b will expand beyond Avalanche to Ethereum, Solana, and MegaEth, with integration into Lombard’s vault products used by Binance and Bybit.
On Oct. 30, Bitcoin DeFi protocol Lombard Finance announced its acquisition of the core infrastructure behind BTC.b, effectively taking control of the leading Bitcoin representation on the Avalanche network.
The deal sees Lombard absorbing the operational protocol, its user base of over 12,500 addresses, and its established integrations within Avalanche’s DeFi ecosystem, including major platforms like Aave and GMX.
Lombard’s blueprint for Bitcoin capital markets onchain
Lombard’s acquisition of BTC.b goes beyond taking over an existing token, with plans to migrate the bridged Bitcoin asset’s core infrastructure to its own protocol, which is secured by a decentralized consortium of 15 institutional entities.
This transition, slated for completion by Q4 2025, will also integrate Chainlink’s Cross-Chain Interoperability Protocol for bridging and its Proof of Reserve for verifiable backing, marking a substantial security and capability upgrade from its current state.
“Acquiring BTC.b infrastructure is a natural extension of Lombard’s mission to make Bitcoin more usable and accessible onchain. With BTC.b, we are expanding our product suite with a permissionless, non-custodial, and institutionally supported asset that complements LBTC and offers onchain users an alternative to centralized wrapped BTC assets,” Lombard co-founder Jacob Phillips said.
For developers, the value proposition lies in Lombard’s Software Development Kit. The plan is to natively integrate BTC.b into this toolkit, enabling DeFi applications to incorporate the asset with minimal mint and redeem fees.
For the existing BTC.b community and its integrations, Lombard has pledged a seamless transition. The asset’s contract address, name, and current placements within protocols like Aave will remain untouched, ensuring no disruption for current holders.
Lombard also plans to extend BTC.b’s reach well beyond Avalanche. The protocol confirmed plans to introduce the asset to Ethereum Mainnet, Solana, and MegaEth. This cross-chain expansion will be bolstered by incorporating BTC.b into Lombard’s vault products, which are already utilized by major exchanges like Binance and Bybit, signaling a concerted push for institutional and retail distribution.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why Aksel Kibar Believes Bitcoin Price Is Trap and This 'Rising Wedge' Signals Deeper Drop - U.Today
Analyst Aksel Kibar warns Bitcoin investors that the current price recovery is a technical trap within a downtrend. He identifies a "rising wedge" pattern and predicts potential declines to $60,000 or lower, advising caution against misinterpreting short-term fluctuations.
UToday1h ago
DeepSnitch AI Price Prediction: DOGEBALL and Bitcoin Hyper Investors Rally Behind DeepSnitch AI For Huge Gains As Launch Announcement and 200% Surge Fuels 1000x Projections
Recent regulatory tension in the U.S. gaming and prediction markets space has attracted investors. Legal expert Daniel Wallach indicated that a Nevada court may soon issue a restraining order against Kalshi, potentially restricting sports-related contracts.
Meanwhile, emerging projects like D
CaptainAltcoin1h ago
Over the past 24 hours, the entire network has experienced liquidations of $359 million, with long liquidations accounting for over 80% of the total.
Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.
GateNews1h ago
Bitcoin and Stocks Need to Confirm First: The Real Altcoin Recovery Timeline
The current crypto market continues to struggle without a clear altseason, as Bitcoin remains in a sideways trend. Analysts suggest that until Bitcoin shows a confirmed bullish structure and macroeconomic conditions improve, altcoins will likely remain stagnant. Speculation points to potential recovery in Q3 to Q4 rather than the earlier hoped-for timeline.
CaptainAltcoin1h ago
Bitcoin Decouples From S&P 500 as Retail Demand Weakens
Bitcoin retail activity has decreased by 10%, the lowest since January 2025, indicating weaker market participation. The advent of ETFs has shifted retail access off-chain, while Bitcoin has diverged from the S&P 500, marking its longest decoupling since 2020 amid a correction phase.
CryptoFrontNews2h ago
