Key Highlights:

• The Layer-2 network BOB has partnered with the leading crypto custody provider Fireblocks.
• This collaboration allows over 2,000 entities using Fireblocks to tap into BOB’s DeFi ecosystem, boasting a total value locked (TVL) of approximately $250 million.

Hybrid layer-2 network BOB aims to position Bitcoin at the core of the decentralized finance (DeFi) landscape through its collaboration with Fireblocks.

As a result of this partnership, Fireblocks users can now earn yield on their Bitcoin assets via BOB’s platform, as detailed in a recent announcement.

BOB stands for ‘Build on Bitcoin’, and its objective is to establish Bitcoin as the foundational network for DeFi, enhancing interconnectivity with other blockchains to facilitate transaction finalization.

Fireblocks is a premier custodian in the cryptocurrency sector, securing over $7 trillion in digital asset transactions and catering to numerous large institutional clients.

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