Original source: BOB

On November xx, BOB announced a partnership with leading institutional-grade cryptocurrency platform Anchorage Digital to open its Bitcoin DeFi portal to institutional investors.

BOB will select Anchorage Digital as its preferred custodian to accelerate its mission of bringing Bitcoin-native DeFi to institutions through secure infrastructure. This move comes just weeks after BOB integrated LayerZero, which unlocked native BTC access capabilities across 11 major public blockchain systems, including Ethereum, Avalanche, Base, and BNB Chain.

Opening institutional access marks a significant step for BOB in its mission to unleash the true utility of the world's most important digital asset—Bitcoin. This collaboration will provide institutional investors with a secure entry point and accelerate the development of Bitcoin DeFi, leveraging Anchorage Digital's institutional-grade custody infrastructure.

In the past 18 months, the total locked value (TVL) of true Bitcoin DeFi has skyrocketed from $200 million to over $8 billion, yet this still only represents 0.3% of Bitcoin's market cap, highlighting the enormous growth potential of the Bitcoin DeFi market. Meanwhile, institutional investors' interest in Bitcoin is shifting from passive investment infrastructure to actively participating in Bitcoin DeFi activities for returns. To meet this demand, BOB will provide institutional investors with a sufficiently secure channel to access its Bitcoin DeFi ecosystem, which has a TVL of over $250 million—currently the safest and most convenient way to earn Bitcoin.

Anchorage Digital will provide BOB custody support to its institutional clients through the following channels:

· Anchorage Digital Bank NA – The only federally chartered crypto bank in the U.S.;

· Anchorage Digital Singapore – A major payment institution licensed by the Monetary Authority of Singapore (MAS);

· Porto by Anchorage Digital – An institutional-grade self-custody wallet built using Anchorage Digital's security technology.

BOB Co-founder Alexei Zamyatin commented on the partnership: "We are excited to collaborate with Anchorage Digital to provide a trusted platform for leading institutions to access BOB. Our vision is to place Bitcoin at the core of DeFi, offering the safest BTC earning pathways for both institutional and retail investors. BOB's hybrid public chain architecture combines the advantages of Bitcoin and Ethereum. This means that every step users take in the Bitcoin DeFi process will be secured by billions of dollars in staked Bitcoin, including depositing native BTC, deploying DeFi projects on BOB, and even bridging to other smart contract chains. This is the level of security top institutions need to pursue Bitcoin yields. Anchorage Digital has created an important entry point for institutions to access BOB's $250 million TVL DeFi ecosystem, providing reliable asset support for the protocol and becoming a trusted partner for institutions."

Anchorage Digital CEO Nathan McCauley stated: "We are at the beginning of the Bitcoin DeFi revolution, and innovators like BOB are expanding Bitcoin's role beyond just a store of value. As smart contract capabilities mature, they will combine Bitcoin's security with new utility, unlocking new applications and opening the door for institutions and holders to participate meaningfully. We are honored to provide a full-stack solution to teams like BOB to help them launch and grow their projects."

This partnership with Anchorage Digital continues a series of significant milestones for BOB. These milestones include the launch of the first hybrid ZK rollup, securing $21 million in funding from top investment institutions, and collaborating with Lombard, Amber Digital, and RockawayX to launch native Bitcoin decentralized finance applications based on its BitVM bridge on the testnet. Additionally, BOB recently integrated LayerZero, enabling one-click access to native Bitcoin across 11 chains.

Institutional users can access BOB through Anchorage Digital's custody platform and the self-custody wallet Porto, fully leveraging industry-leading integrated security mechanisms (based on majority voting approval), hardware security module (HSM) infrastructure, advanced biometric technology, and behavioral analysis technology.

About BOB (Build on Bitcoin)

BOB is a gateway to Bitcoin DeFi, allowing users to easily and securely earn yields with Bitcoin. BOB's unique hybrid public chain model combines the advantages of Bitcoin and Ethereum, utilizing hybrid zero-knowledge proofs and billions of dollars in staked Bitcoin to ensure the security of all applications, assets, and transactions within BOB's tier-one DeFi ecosystem. Accessing native BTC on BOB does not require any wrapped BTC or custodial institutions, supported by the BitVM protocol. Additionally, users can access multi-chain Bitcoin yields with just one click and exchange BTC on any chain. To date, BOB has received support from leading investment institutions such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.

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About Anchorage Digital

Anchorage Digital is a global crypto platform that enables institutions to participate in digital asset trading through custody, staking, trading, governance, settlement, and industry-leading security infrastructure. Anchorage Digital is home to the only federally chartered crypto bank in the U.S.—Anchorage Digital Bank N.A. Additionally, Anchorage Digital provides services to institutions through its branches, including Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore, Anchorage Digital New York, which holds a BitLicense from the New York State Department of Financial Services, and the self-custody wallet Porto by Anchorage Digital. The company has received investments from several well-known institutions, including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a Series D funding valuation exceeding $3 billion. Anchorage Digital was founded in 2017 in San Francisco, California, and has offices in New York City, Porto, Portugal, Singapore, and Sioux Falls, South Dakota. For more information, visit anchorage.com, follow @Anchorage, and LinkedIn.

This article is contributed and does not represent the views of BlockBeats.

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