VerifiedX Brings Native Bitcoin Redemption and FROST Privacy to Base DeFi with Fireblocks Integration
Bitcoin Magazine
VerifiedX launched vBTC.b on Base, integrating Fireblocks to offer institutional-grade, privacy-focused, and natively redeemable Bitcoin for decentralized finance.Summary
The VerifiedX foundation has introduced vBTC.b on the Base blockchain, providing a non-synthetic, natively redeemable Bitcoin asset for DeFi. By integrating with Fireblocks, the platform aims to attract institutional investors looking for self-custody solutions that maintain regulatory compliance while offering privacy. The system utilizes FROST multi-party computation (MPC) to secure assets off-chain, distinguishing it from traditional bridges or federated wrappers. Additionally, VerifiedX leverages zero-knowledge proofs to shield user transactions from on-chain analytics, facilitating diverse utility such as collateralized borrowing and AI-agent commerce within the DeFi ecosystem.
(Source：Bitcoin Magazine)