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.
Gerelateerde artikelen
Spot Bitcoin ETFs Push Inflows to Five-Day Streak, First in 2026
US spot Bitcoin ETFs posted their first five-day inflow streak of 2026, tallying roughly $767.32 million for the week and signaling renewed investor appetite for physical-exposure products amid a volatile macro backdrop. Net inflows on Friday reached $180.33 million, extending a trend that began
CryptoBreaking20m geleden
过去24小时全网爆仓2.79亿美元，空单爆仓占比超五成
Gate News 消息，3 月 14 日，据 CoinAnk 数据，过去 24 小时全网爆仓 2.79 亿美元，其中多单爆仓 1.32 亿美元，空单爆仓 1.47 亿美元，空单爆仓占比略高。从币种来看，比特币爆仓约 1.28 亿美元，以太坊爆仓约 5892 万美元。
GateNews1u geleden
加密货币恐慌指数升至16，市场仍处「极度恐慌」状态
Gate News 消息，3 月 14 日，据 Alternative 数据，今日加密货币恐慌与贪婪指数小幅升至 16，上月均值为 5，市场仍处于「极度恐慌」状态。恐慌指数阈值为 0-100，其计算包含以下指标：波动性（25%）、市场交易量（25%）、社交媒体热度（15%）、市场调查（15%）、比特币在整个市场中的比例（10%）及谷歌热词分析（10%）。
GateNews1u geleden
Top Analyst Reveals Bitcoin (BTC) Roadmap and Key Price Levels For the Next 2 Years
Bitcoin has declined greatly after reaching a new all-time high of $126,000 in 2025. Since then, the price has been reacting to negative economic developments and trading mostly between $60,000 and $74,000 during the past 2 months.
Current market action shows BTC holding near $70,000 as
CaptainAltcoin1u geleden
BTC Accumulation Patterns Emerge After $67K Slide
BTC shows accumulation as whales maintain balanced exchange-to-whale ratios, signaling potential market stabilization.
Exchange reserves decline, indicating investors move Bitcoin into private wallets for long-term holding.
Technical indicators suggest consolidation near trendline
CryptoNewsLand2u geleden
Bitcoin Nears $74K as Data Signals Bear Market Isn’t Over
Bitcoin extended gains above $73,000 on Friday, stabilizing near a long-standing floor around $70,000 as macro data and geopolitical tensions shape risk appetite. The move followed a US GDP release showing the economy grew just 0.7% in the fourth quarter of 2025, keeping recession fears on the
CryptoBreaking2u geleden
