According to the teams, Ava Labs has transferred the infrastructure supporting BTC.b, the bitcoin-backed token on the Avalanche blockchain, to Lombard Finance Limited, marking a change in how the asset will be managed across blockchain networks.
Lombard to Oversee BTC.b Bridge Following Agreement With Ava Labs
The handover gives Lombard control of BTC.b’s technical framework and bridge system, which links native bitcoin ( BTC) to Avalanche. The companies said the transition is intended to maintain BTC.b’s current function on Avalanche while extending its compatibility with other blockchains.
BTC.b, introduced in 2022, has been used in decentralized finance (DeFi) applications on Avalanche, with roughly $550 million in circulation. The asset is integrated into platforms including Aave, BENQI, and LFJ. Lombard plans to align BTC.b’s operations with the same security setup used for its Lombard Staked BTC (LBTC) token.
According to the announcement, BTC.b tokens will continue to be backed one-to-one by bitcoin ( BTC), with reserves verified through Chainlink Proof of Reserve and supported by a group of independent institutions. The transition will allow BTC.b to function on multiple blockchains, including Ethereum, Solana, and MegaETH, and connect to additional defi protocols.
Ava Labs executive John Nahas said the change is meant to preserve BTC.b’s stability on Avalanche while expanding its technical reach. Lombard Co-Founder Jacob Phillips described the acquisition as part of Lombard’s ongoing integration of bitcoin assets across multiple networks.
The migration is expected to be completed in the fourth quarter of 2025. Both BTC.b and LBTC are expected to operate on Avalanche and other supported blockchains once the process concludes.
FAQ
- What is BTC.b? BTC.b is a bitcoin-backed or wrapped bitcoin token originally issued on the Avalanche blockchain.
- **What changes under Lombard’s management?**Lombard will oversee the infrastructure while maintaining BTC.b’s function and integrations
- Will BTC.b remain backed by bitcoin? Yes. Each token continues to represent one bitcoin, with reserves verified onchain.
- **When will the transition conclude?**The process is expected to finish in the fourth quarter of 2025.
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
Viewpoint: Bitcoin Constrained Below $72,000, Four On-Chain Indicators Show Weakening Demand
Bitcoin price continues to remain below $72,000, with weakening market demand as investors begin to sell off positions, limiting short-term upside potential. On-chain activity and mining hash rate are declining, miner profitability is weakening, and market concerns about miner sell-offs are intensifying.
BlockBeatNews36m ago
BTC rises 0.90% in 15 minutes: Large account holders drive short-term rebound
Between 2026-03-25 16:15 to 16:30 (UTC), BTC recorded a +0.90% return within the 15-minute K-line, with a price range of 70829.6 to 71746.1 USDT, reaching an amplitude of 1.29%. The short-term volatility during this period attracted market attention, with active trading driving a slight expansion in transaction fluctuations. Overall market sentiment is neutral to slightly bullish, with attention increasing marginally, but no signs of significant emotional spread were observed.
The primary driver of this volatility was large account concentrated operations against the backdrop of exchange liquidity at low levels, producing a significant impact. Whale holders positioned during this window
GateNews38m ago
This Rare Silver Signal Has One Message For Bitcoin In 2026: A Big Move Is Coming
Silver price strength has returned to the spotlight after reaching a fresh high, and that move has placed Bitcoin back into a familiar conversation. BTC price now trades close to key levels, and one specific signal tied to silver has started to draw attention again as traders try to
CaptainAltcoin56m ago
After 194 liquidations, James Wynn opens a 40x "Ant Position" Bitcoin short.
BlockBeats News: On March 25, according to lookonchain monitoring, James Wynn opened another 40x Bitcoin short position with a position size of 0.62 BTC at an entry price of $70,806. The liquidation price is $71,675.1. His address has been liquidated 194 times previously.
BlockBeatNews1h ago
Traders say Bitcoin still due for ‘next leg lower’ targeting $46K BTC price
Bitcoin’s (BTC) failure to close the week above the 200-week exponential moving average (EMA) on Sunday put it at risk of another downward leg over the coming weeks or months.
Key takeaways:
Bitcoin price signals “structural weakness” with failure to close week above a key trend line.
A
Cointelegraph1h ago
