"BOB & Fireblocks: Revolutionizing BTC DeFi for Institutions"

BOB, a hybrid Layer2 project built on Bitcoin, has announced its integration with Fireblocks, a leading digital asset custody technology provider. This collaboration marks a significant step towards the institutionalization of BTC DeFi, as it combines Fireblocks' Multi-Party Computation (MPC) wallet with BOB's hybrid Layer2 network. The integration aims to provide secure, institutional-grade access to BTC DeFi, benefiting institutions, enterprises, and high-net-worth users.

The integration offers several advantages, including:

• Institutional-grade private key management by Fireblocks, ensuring industry-leading security and protecting assets from both internal and external threats.
• Streamlined processes and accessibility through Fireblocks' contract call API, WalletConnect, and browser extension, enabling institutions to interact seamlessly with DeFi protocols, simplify asset transfers, staking, and liquidity provision.
• Improved efficiency through Fireblocks' streamlined wallet infrastructure, supporting faster and more cost-effective transactions.

As of now, the BOB network has amassed over 330,000 DeFi users, 20 million mainnet transactions, and more than 100 projects within its ecosystem. The current total value locked (TVL) in the BOB testnet remains stable at around $250 million.