BOB ("Build on Bitcoin") England United States of America United Kingdom

BitVM Accelerated: BOB launches BitVM bridge on public testnet, announces BitVM/acc working group with major institutional partners

Following the successful test of a bridge prototype in December, BOB's bridge launch on public testnet marks a significant milestone for trust-minimized Bitcoin DeFiBOB has also launched the BitVM/acc Implementation Working Group with major institutional partners including ZeroSync, Babylon, Anchorage, Rockaway, and Others To Drive the Adoption of BitVM in 2025.is a Hybrid Layer-2 blockchain that combines the best of Bitcoin and Ethereum to create the home for Bitcoin DeFi. The unique Hybrid L2 model merges the strengths of both ecosystems—Bitcoin's security and dormant capital, with Ethereum's DeFi innovation and versatility. By positioning BTC as the backbone of a new decentralised finance system, BOB can unlock new use cases and trillions in BTC liquidity. BOB uses BitVM to inherit security from Bitcoin and create trust-minimized bridges between BOB, Bitcoin, Ethereum, and other L1s. As a result, the Hybrid L2 does not need to rely on third-party bridges for interoperability, concentrating liquidity around Bitcoin instead of fragmenting it across chains. BOB is backed by leading investors such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.

Website | Twitter | Discord | Telegram

 

View original content:https://www.prnewswire.co.uk/news-releases/bitvm-accelerated-bob-launches-bitvm-bridge-on-public-testnet-announces-bitvmacc-working-group-with-major-institutional-partners-302388418.html