Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Fordefi, the First MPC Wallet to Fully Support Bitcoin DeFi, Joins Cohort of sBTC Backers

Fordefi, the First MPC Wallet to Fully Support Bitcoin DeFi, Joins Cohort of sBTC Backers

The BlockThe Block2024/12/15 16:00
By:The Block
Fordefi, the First MPC Wallet to Fully Support Bitcoin DeFi, Joins Cohort of sBTC Backers image 0

Fordefi, the first MPC wallet to fully support Bitcoin DeFi, has announced it will enable support for all SIP-010 assets, including sBTC , Stacks’ long-awaited 1:1 programmable asset for Bitcoin. Through this commitment, Fordefi will provide institutional users with a secure custodial solution for accessing Bitcoin DeFi , further expanding the ecosystem's capabilities and adoption.

Fordefi has emerged as a leading institutional-grade digital asset management platform, offering a comprehensive suite of tools for secure Web3 operations. Fordefi has onboarded over 100 institutional clients and currently secures over $8 Billion per month in transaction volume.

At its core, Fordefi provides a powerful wallet platform, API and MPC SDK, enabling businesses to manage private keys, scale DeFi operations, and interact with multiple blockchains seamlessly. The platform's emphasis on security is evident through its use of MPC, transaction simulation, on-chain risk management, annual cryptographic audits, and SOC 2 TYPE 2 Certification.

"At Fordefi, we're excited to continue making Bitcoin DeFi safe and accessible for institutions,” says Josh Schwartz, CEO and Co-founder at Fordefi. “Our commitment to sBTC represents a key step in supporting the growth of institutional adoption within the Bitcoin ecosystem. Together, we’re providing secure, scalable solutions that empower institutional investors to engage with the rapidly evolving Bitcoin DeFi space and unlock its full potential."

Beyond security, Fordefi distinguishes itself with a proprietary browser extension and a range of additional user-friendly tools and a range of additional tools. The multi-chain browser extension is a user-friendly wallet designed to seamlessly connect users to dApps across supported blockchain ecosystems. It offers features such as transaction simulation, smart contract verification, and allowance management, ensuring enhanced security and control. This combination of robust security measures and practical functionality positions Fordefi as a comprehensive solution for institutions looking to navigate the complexities of digital asset management in the evolving Web3 landscape.

₿est and ₿rightest

Fordefi’s support for sBTC is a component of the Stacks Foundation's " Best and the Brightest " campaign, which highlights leading organizations committed to supporting sBTC, Stacks’ fully programmable Bitcoin asset. This initiative showcases top entities within the Bitcoin ecosystem, underlining their dedication to enhancing the utility and accessibility of Bitcoin. By collaborating with industry leaders, the Stacks Foundation aims to educate the community on the transformative potential of sBTC and its vital role in fostering a robust Bitcoin economy.

 

 

This post is commissioned by Stacks and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!