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
BTC 15-minute jump of 0.52%: institutional capital inflows and derivatives leverage driving market upside
2026-04-07 22:00 to 2026-04-07 22:15 (UTC), BTC recorded a 15-minute K-line return of +0.52%, with a trading range of 69,919.3 to 70,561.1 USDT and a swing of 0.92%. This bout of abnormal movement occurred against the backdrop of BTC breaking through the $70,000 level, rising market attention, and heightened short-term volatility.
The main driving force behind this abnormal move was the inflow of large-scale institutional funds and a synchronized buy-side response tied to ETFs. Among them, an ETF product under a global asset management giant transferred 1,1
GateNews13m ago
Bitcoin breaks through 70,000 USDT, up 1.68% on the day
Gate News update: On April 7, according to market data from a certain exchange, Bitcoin broke through the 70,000 USDT level and is currently trading at 70,004.04 USDT, with a intraday gain of 1.68%.
GateNews1h ago
BTC 15-minute up 0.98%: Whale transfers surge in tandem with geopolitical hedging demand
2026-04-07 21:00 to 21:15 (UTC), the BTC price saw a clear spike. The candlestick return rate recorded +0.98%, and the price range was 69309.9-70214.9 USDT, with a 1.31% amplitude. Short-term market volatility increased, participation interest rose, and trading volume and the number of active entities increased in parallel.
The main driver behind this move was whale trading activity. On-chain data shows that the transfer volume to exchanges by whale entities holding more than 1,000 BTC surged before and after the event window. Over the past 24 hours, whale inflow reached 10,5
GateNews1h ago
BTC breaks through 70000 USDT
Gate News bot 消息，Gate 行情显示，BTC 突破 70000 USDT，现价 70004 USDT。
CryptoRadar1h ago
Bitcoin rises past $69,000 as risk markets reverse big early losses on hope for Iran deal
Risk markets, including Bitcoin, rallied after reports of Iran's positive response to Pakistan's ceasefire request. This followed a turbulent day triggered by President Trump's alarming remarks about Iran, which drew significant criticism.
CoinDesk1h ago
