The partnership between Ava Labs and Lombard marks the next phase of Bitcoin’s on-chain growth, bridging institutional and DeFi ecosystems.
Bitcoin DeFi platform Lombard has partnered with Ava Labs, the company behind the Avalanche ecosystem. Through this partnership, Lombard has acquired the infrastructure and related assets of BTC.b, the primary Bitcoin asset on Avalanche.
BTC.b will continue operating seamlessly on Avalanche while expanding its reach through Lombard’s cross-chain infrastructure and institutional network. All current integrations, contracts, and functionality will remain unchanged, ensuring uninterrupted access for holders and protocols.
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“BTC.b has been the leading Bitcoin asset on Avalanche since its launch, and this transition aims to secure its long-term future while unlocking new growth opportunities,” said John Nahas, Chief Business Officer at Ava Labs. “Avalanche remains a major liquidity hub for BTC.b, while Lombard expands the infrastructure, cross-chain reach, and institutional relationships needed to scale Bitcoin’s role in DeFi.”
Under Lombard’s stewardship, BTC.b will transition to the same security architecture as Lombard Staked BTC (LBTC) while maintaining its decentralised and permissionless nature. BTC.b will provide 1:1-backed Bitcoin reserves verified on-chain via Chainlink Proof of Reserve, secured by Lombard’s decentralised security consortium.
“Acquiring BTC.b infrastructure is a natural extension of Lombard’s mission to make Bitcoin more usable, secure, and accessible,” said Jacob Phillips, Co-Founder of Lombard. “With BTC.b, we are expanding our product suite with a permissionless, cross-chain, and institutionally supported asset that complements LBTC and offers on-chain users an alternative to centralised wrapped BTC assets.”
The collaboration with Ava Labs reinforces the shared vision of bridging traditional finance and decentralised markets through transparent, compliant blockchain infrastructure.
“BTC.b is a widely used asset on Avalanche and an important part of Aave markets,” said Stani Kulechov, Founder of Aave Labs. “Lombard’s infrastructure and distribution capabilities can help expand BTC.b’s utility across more ecosystems, while preserving the seamless experience our community expects.”
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