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8h ago

Lombard Finance Acquires BTC.b’s On-Chain Infrastructure, Plans Q4 2025 Migration

The acquisition positions the $538 million asset for a security upgrade using a consortium model with Chainlink safeguards.

Lombard takes over $538m btc.b in landmark bitcoin deal
Ava labs transfers btc.b infrastructure to lombard for multi chain use

Overview

  • Lombard took control of BTC.b’s live infrastructure on Avalanche, absorbing the operational protocol, a user base topping 12,500 addresses, and integrations with Aave and GMX.
  • The company plans to migrate BTC.b to its decentralized protocol secured by a 15-institution consortium, with completion targeted by Q4 2025.
  • Chainlink Cross-Chain Interoperability Protocol will be used for bridging while Chainlink Proof of Reserve will provide verifiable backing during and after the transition.
  • Lombard pledged continuity for current users by preserving BTC.b’s contract address, name, and existing DeFi placements to avoid onchain disruption.
  • Following migration, Lombard plans cross-chain rollout to Ethereum, Solana, and MegaEth, integration into its vault products used by Binance and Bybit, and native SDK support to lower mint and redeem friction.