BOB and Anchorage Digital Announce Partnership to Accelerate Institutional Investor Access to Bitcoin DeFi

Source: BOB

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

BOB will select Anchorage Digital as its preferred custody partner to accelerate its mission of bringing Bitcoin-native DeFi to institutions through secure infrastructure. This move comes shortly after BOB integrated LayerZero, unlocking native BTC access on 11 major public chain systems including Ethereum, Avalanche, Base, and BNB Chain.

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

Over the past 18 months, the total value locked (TVL) in true Bitcoin DeFi has surged from $200 million to over $8 billion, yet this still only represents 0.3% of Bitcoin's market capitalization, highlighting the tremendous 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 to earn yields. To meet this demand, BOB will provide institutional investors with a sufficiently secure channel to access its Bitcoin DeFi ecosystem with a TVL of over $250 million—currently the safest and most convenient way to earn Bitcoin yields.

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 United States;

· 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 expressed his excitement about the collaboration, stating: "We are thrilled to partner 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 yield opportunities for both institutions and retail investors. BOB's hybrid public chain architecture combines the strengths of Bitcoin and Ethereum. This means that every step users take in participating in the Bitcoin DeFi process will be secured by billions of dollars worth of 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 that top-tier institutions seeking Bitcoin yield require. Anchorage Digital's $250 million TVL DeFi ecosystem entry point for institutions into BOB provides a crucial on-ramp, offering reliable asset support for protocols and becoming a trusted partner for institutions."

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

This collaboration with Anchorage Digital is a continuation of a series of significant milestones for BOB. These milestones include launching the first hybrid ZK rollup, receiving $21 million funding from top investment firms, and collaborating with Lombard, Amber Digital, and RockawayX on 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 on 11 chains.

Institutional users can access BOB through Anchorage Digital's custody platform and the self-custody wallet Porto, taking full advantage of the industry-leading fused security mechanism (based on a multi-signature approval process), hardware security module (HSM) infrastructure, advanced biometric technology, and behavioral analytics.

About BOB (Build on Bitcoin)

BOB is the gateway to Bitcoin DeFi, allowing users to easily and securely earn yield with Bitcoin. BOB's unique hybrid public chain model combines the strengths of Bitcoin and Ethereum, utilizing a hybrid zero-knowledge proof and billions of dollars in staked Bitcoin to secure all applications, assets, and transactions in BOB's top-tier DeFi ecosystem. Access native BTC on BOB without any wrapped BTC or custodianship, powered by the BitVM protocol. Additionally, access cross-chain Bitcoin yield with just one click and swap BTC on any chain. To date, BOB has received backing from top-tier investment firms such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.

About Anchorage Digital

Anchorage Digital is a global crypto platform that enables institutional participation in digital asset activities 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 serves institutions through its subsidiaries, including Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore, Anchorage Digital New York holding a New York State Department of Financial Services BitLicense, and the self-custody wallet Porto by Anchorage Digital. The company has received investments from notable institutions like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a Series D valuation exceeding $3 billion. Established in 2017 in San Francisco, California, Anchorage Digital has offices in New York City, New York, Porto, Portugal, Singapore, and Sioux Falls, South Dakota. For more information, visit anchorage.com, follow @Anchorage, and connect on LinkedIn.

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

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