Function seeks to establishes FBTC as the definitive standard for Bitcoin financialisation.
Ignition FBTC announced its rebranding to Function and introduced a new bitcoin yield
asset, ƒBTC ($FBTC).
Bitcoin’s role in decentralised finance (DeFi) has often been limited by liquidity fragmentation and a lack of institutional-grade solutions, and ƒBTC aims to addresses this by leveraging Function’s omni-chain framework to provide institutional-grade bitcoin yield across DeFi.
The rebranding focuses on three foundational pillars — institutional trust and security; long-term sustainability and growth; and omni-chain, composable Infrastructure.
“The financialisation of Bitcoin demands an infrastructure that upholds its core principles. ƒBTC delivers precisely that — heralding the next phase of Bitcoin’s evolution in DeFi,” said Thomas Chen, CEO at Function. “This rebrand solidifies Bitcoin’s role as a yield-generating institutional asset, allowing BTC to move beyond passive storage and into a new era of programmable value.”
