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BOB Enables Native Bitcoin DeFi in BitVM Testnet Launch Backed by Institutional and DeFi Leaders

The launch solidifies BOB as the gateway to Bitcoin DeFi by making native BTC, not wrapped representations, available to their extensive Bitcoin DeFi ecosystem. Unlike other Bitcoin variants currently used in DeFi, which rely on centralized custodians or multisigs, BOB’s BitVM bridge uses fraud-proof “1-of-N” security to provide Bitcoin security guarantees. Just as ETH remains "ETH" on Ethereum rollups like Optimism and Arbitrum, BTC on BOB remains native and simply called “BTC.”