VerifiedX Brings Native Bitcoin Redemption and FROST Privacy to Base DeFi with Fireblocks Integration
VerifiedX has launched vBTC.b on Base, integrating with Fireblocks to enhance Bitcoin's presence in DeFi. This new asset allows for native Bitcoin redemption and aims to attract institutional interest in self-custody solutions. The technology behind VerifiedX includes advanced privacy features and a decentralized approach to cross-chain transactions.
- ▪VerifiedX has introduced vBTC.b, a non-synthetic Bitcoin asset, on the Base platform.
- ▪The integration with Fireblocks aims to attract institutional investors by providing self-custody options.
- ▪Currently, only 5 billion worth of Bitcoin is held in the DeFi ecosystem compared to over 43 billion in Ethereum.
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