Function is pioneering a new standard for high-integrity Bitcoin yield, transforming BTC into a secure, composable, and institutionally trusted asset across decentralized finance. FBTC represents the first omnichain Bitcoin yield asset, enabling BTC holders to participate in structured, risk-managed and programmatic yield strategies. Function is supported by Galaxy Digital, Antalpha, Mantle, and leading institutions. https://x.com/FunctionBTC
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BitGo now supports custody for $FBTC, the 1:1 Bitcoin-backed asset from Function 🌗. Institutions can tap into the Function ecosystem with verified reserves and institutional-grade compliance. Clients can now custody FBTC alongside native BTC inside BitGo’s qualified infrastructure, bringing Bitcoin’s best-in-class security into programmable finance.
FBTC is now supported by BitGo's infrastructure! An exciting first step in our partnership as we introduce institutional-grade custody of FBTC to Function 🌗 and BitGo clients, providing them with secure and compliant access to DeFi strategies within a risk-managed framework. By integrating with BitGo, Function expands Bitcoin’s role in onchain finance. Enabling institutions to deploy FBTC into various yield strategies and utilize their assets in new and productive ways. “We’re excited to partner with the global leading custodian to help safeguard BTC assets. Together, we’ll be able to deliver BTC-on-BTC yield to institutions through a best-in-class security structure.” — Thomas Chen, CEO of Function.
Security and transparency sit at the core of Function. Independent audits from MixBytes, Secure3, and BlockSec are now live, providing a transparent review of the systems that secure FBTC. Full reports: https://lnkd.in/eyZ8fXqs
Round 2 at The Bridge Conference! Thomas C. joined speakers from Galaxy, Securitize, and Aptos Labs, in a panel moderated by Plume, to discuss the next phase of tokenized assets and RWA adoption. Key takeaways: 1. DeFi users prioritize liquidity and yield; these remain the main drivers behind what gets tokenized. 2. Institutions focus on principal protection, custody, security of the underlying asset, and clear access controls are essential. 3. Tokenizing RWAs doesn’t remove intermediaries; it redefines them. Coordination across all layers of the stack is key to scale. Thank you to The Tie for hosting another excellent event! Great discussions, strong turnout, and high-quality content throughout.
🎙️ First panel of the day at The Bridge Conference in New York, hosted by The Tie Function’s CEO Thomas C. moderated “The Institutional Bridge to DeFi: How Funds Engage with Yield, Governance, and Risk On-Chain,” joined by speakers from Ava Labs, Dragonfly, 3iQ Corp, and Intchains Group Limited. Key themes: 1. Bridging takes time and trust: Institutions still require legacy-style frameworks. 2. Tokenization ≠ DeFi adoption: Institutions are still missing real utility for true on-chain participation. 3. Legacy + digital rails must converge: Web3 needs to demonstrate that it solves institutional problems through compliant, transparent infrastructure.
"Bitcoin isn’t simply a store of value; it is programmable collateral. It is productive capital. It is the base layer for institutional participation in onchain finance." — Thomas , CEO of Function | FBTC 🌗 shared with Cointelegraph Read the full article 👇 https://lnkd.in/eiVr-Yxf
Auto-compounding is now available on vaults by Sentora. Starting today, users will have the option to enable auto-compounding which automatically redeploys the earned yield. Learn More 👉 https://www.fxn.xyz/