On November 10th, BOB announced a partnership with the leading institutional-grade crypto platform Anchorage Digital, opening its Bitcoin DeFi portal to institutional investors.
BOB will select Anchorage Digital as its preferred custodian to accelerate its mission of bringing Bitcoin-native DeFi to institutions via secure infrastructure. This move follows just weeks after BOB's integration with LayerZero, which unlocked native BTC access across 11 major public blockchains including Ethereum, Avalanche, Base, and BNB Chain.
Opening institutional access marks a significant step in BOB's mission to unlock the true utility of Bitcoin, the world's most important digital asset. This partnership will provide institutional investors with a secure entry point and, leveraging Anchorage Digital's institutional-grade custody infrastructure, accelerate the development of Bitcoin DeFi.
Over the past 18 months, the Total Value Locked (TVL) in true Bitcoin DeFi has surged from $200 million to over $8 billion, yet this still represents only 0.3% of Bitcoin's market capitalization, highlighting the immense growth potential of the Bitcoin DeFi market. Concurrently, institutional investor interest in Bitcoin is shifting from earning yields through passive investment infrastructure to actively participating in Bitcoin DeFi activities. To meet this investor demand, BOB will provide institutional investors with a secure enough channel to access its Bitcoin DeFi ecosystem with over $250 million in TVL – currently the safest and most convenient way to earn Bitcoin yields.
Anchorage Digital will provide BOB custody support for its institutional clients through the following channels:
· Anchorage Digital Bank NA – the only federally chartered crypto bank in the United States;
· Anchorage Digital Singapore – a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS);
· Porto by Anchorage Digital – an institutional-grade self-custody wallet built with Anchorage Digital's security technology.
Commenting on the partnership, Alexei Zamyatin, Co-founder of BOB, said: "We are thrilled to partner with Anchorage Digital to provide leading institutions with a trusted platform to onboard onto BOB. Our vision is to place Bitcoin at the heart of DeFi, offering institutions and retail investors the safest path to BTC yield. BOB's hybrid L2 merges the strengths of Bitcoin and Ethereum. This means every step of a user's Bitcoin DeFi journey is secured by billions in staked Bitcoin – from depositing native BTC, deploying DeFi on BOB, and even bridging to other smart contract chains. This is the level of security top institutions require for Bitcoin yield. Anchorage Digital creates a critical entry point for institutions into BOB's $250M TVL DeFi ecosystem, providing reliable asset backing for the protocol and serving as a trusted partner for institutions."
Nathan McCauley, CEO of Anchorage Digital, said: "We are at the beginning of the Bitcoin DeFi revolution, where innovators like BOB are expanding Bitcoin's role beyond just a store of value. As smart contract capabilities mature, they combine Bitcoin's security with entirely new utility, unlocking novel applications and opening the door for institutions and holders to participate in meaningful ways. We are honored to provide full-stack solutions for teams like BOB, helping them launch and grow their projects."
This partnership with Anchorage Digital continues a series of major milestones for BOB. These milestones include launching the first hybrid ZK rollup, securing $21 million in funding from top-tier investment firms, and launching native Bitcoin decentralized finance applications on its testnet in collaboration with Lombard, Amber Digital, and RockawayX, powered by its BitVM bridge. Additionally, BOB recently integrated LayerZero, enabling one-click access to native Bitcoin across 11 chains.
Institutional users can access BOB through Anchorage Digital's custody platform and the self-custody wallet Porto, fully leveraging industry-leading fused security mechanisms (multi-signature approval), Hardware Security Module (HSM) infrastructure, advanced biometrics, and behavioral analytics.
About BOB (Build on Bitcoin)
BOB is the gateway to Bitcoin DeFi, allowing users to easily and securely earn yield with their Bitcoin. BOB's unique hybrid chain model merges the strengths of Bitcoin and Ethereum, utilizing hybrid zero-knowledge proofs and billions in staked Bitcoin to secure all applications, assets, and transactions within BOB's primary DeFi ecosystem. Access native BTC on BOB without any wrapped BTC or custodians, powered by the BitVM protocol. Furthermore, access multi-chain Bitcoin yield with just one click and swap for BTC on any chain. To date, BOB is backed by leading investment firms such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and industry-leading security infrastructure. Anchorage Digital operates Anchorage Digital Bank N.A., the only federally chartered crypto bank in the United States. Additionally, Anchorage Digital serves institutions through its affiliates, including Anchorage Digital Singapore, licensed by the Monetary Authority of Singapore; Anchorage Digital New York, which holds a BitLicense from the New York State Department of Financial Services; and the self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a Series D valuation exceeding $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York City, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, follow @Anchorage, and on LinkedIn.
