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.
Related Articles
South Korea Police Agency Sets First-Ever Dark Coin Management Guidelines, Virtual Assets Compressed by Approximately 54.5 Billion Korean Won Over Past 5 Years
Korea's National Police Agency completes draft virtual asset management directive, first time including dark coin management and clarifying software wallet solutions. Over the past 5 years, virtual assets worth approximately 54.5 billion won have been seized, with police planning to select private custodian institutions. Experts recommend establishing a government-led custody system.
GateNews21m ago
BTC falls below 75000 USDT, intraday decline of 0.16%
Gate News reports that on March 17, Bitcoin fell below the 75,000 USDT level, currently trading at 74,994.01 USDT, with an intraday decline of 0.16%.
GateNews25m ago
Liquid Capital Founder Yi Lihua: Going All-In on Rebound, BTC Rebound to $85,000-$90,000 is a Reasonable Range
Liquid Capital founder Yi Lihua stated that he is preparing a new fund and adopting a full-position strategy to capitalize on rebounds, believing that BTC rebounding to $85,000 and $90,000 is reasonable. He shared his experience of over a decade in the crypto industry, emphasizing the importance of maintaining a positive mindset and conducting oneself with integrity.
GateNews44m ago
Slippage: The Most Underestimated Profit Killer in Trading
Author: CryptoPunk
Many crypto traders have experienced the same disappointment: strategies that appear stable and profitable in backtests quickly see their returns shrink when actually deployed, sometimes turning from profit into loss. The issue is often not "misjudging the direction," but underestimating trading costs, especially slippage.
In crypto markets where bull and bear phases switch more rapidly, volatility is more intense, and order books are more fragmented, slippage is not a trivial decimal point—it is the real threshold that determines whether a strategy can survive. A deviation of just 2 or 3 basis points can, in high-turnover strategies, completely wipe out the theoretical alpha.
Based on long-term backtests of BTC/USDT and ETH/USDT, this article aims to answer a very practical question: to what extent does slippage erode strategy returns, and which strategies are most likely to be killed by slippage?
1. Introduction: Why Slippage
PANews49m ago
