The BOB second-layer network (Build on Bitcoin) has taken a significant step in its mission to position Bitcoin as the central hub of decentralized finance (DeFi). Recently, BOB announced its integration with Fireblocks, one of the leading digital asset custody platforms. This collaboration allows more than 2,000 entities using Fireblocks to access BOB's DeFi ecosystem, which currently has a total value locked (TVL) of approximately 250 million dollars.
Thanks to this integration, Fireblocks users can generate yield on their BTC holdings using the BOB network. The hybrid second-layer network aims to connect Bitcoin with other blockchains and use it as a settlement network for transactions, thus strengthening its position in the DeFi space.
This strategic alliance not only expands BOB's capabilities but also reinforces the Bitcoin-based DeFi infrastructure, offering institutional users new opportunities to maximize the yield on their digital assets.
This news highlights the growth and innovation of BOB in the DeFi ecosystem, positioning it as a cryptocurrency to watch closely in 2025.