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Cryptocurrency News Articles

BitGo Integrates sBTC, Stacks' 1:1 Programmable Bitcoin-Backed Token

Apr 22, 2025 at 09:36 pm

BitGo, a digital-asset custody and infrastructure provider, announced today that it has integrated sBTC, Stacks' 1:1 programmable Bitcoin-backed token

BitGo Integrates sBTC, Stacks' 1:1 Programmable Bitcoin-Backed Token

Digital asset custody and infrastructure provider BitGo today announced the integration of sBTC, Stacks’ 1:1 programmable Bitcoin token, into its institutional offering. The move is designed to open the door for more institutional participation in decentralized finance.

Through this integration, BitGo clients will be able to use sBTC to put their Bitcoin to work in DeFi applications without giving up Bitcoin’s security. sBTC runs on Stacks, a layer‑2 network that brings smart‑contract capabilities to Bitcoin.

The integration includes both deposit and withdrawal functionality for sBTC, which will launch by the end of April. This will enable institutions to seamlessly convert between BTC and sBTC across both Bitcoin’s layer‑1 and layer‑2 networks.

BitGo, which helped pioneer wrapped Bitcoin as the primary backer and creator of WBTC, is recognized for its commitment to providing cutting‑edge solutions in the cryptocurrency industry.

Recognizing the growing demand for decentralized solutions and open-source technologies, BitGo views sBTC as the natural progression in its mission to empower institutions with the broadest possible access to Bitcoin’s utility.

Insular to a single custodian, sBTC is governed by smart contracts and a distributed network of validators, ensuring maximum transparency and community involvement. All sBTC transactions settle on Bitcoin with 100% finality, drawing on Bitcoin’s full security budget.

This integration builds on BitGo’s existing support for the Stacks ecosystem with its contributions to the development of critical components like the STX token and the open‑source PayJoin technology.

"BitGo has long believed in the promise of Bitcoin beyond just being a store of value. Our integration of sBTC marks a pivotal step toward expanding Bitcoin’s utility in decentralized finance," said Abishek Singh, Product Manager at BitGo.

"As one of the earliest supporters of Stacks and the Nakamoto release, we’re excited to bring institutional-grade custody and infrastructure to the Stacks ecosystem. With over $3 trillion in processed transactions and more than $48 billion in staked assets, BitGo is uniquely positioned to help institutions tap into this new era of Bitcoin utility. sBTC opens the door to programmable, decentralized financial products without compromising Bitcoin’s core principles—and we’re just getting started."

Stacks is the leading Bitcoin layer‑2 platform, designed to scale Bitcoin and enable smart contracts, decentralized applications, and NFTs, all of which are secured by Bitcoin. Its Nakamoto release went live on October 29, boosting transaction speed and irreversibility, and sBTC officially launched on December 17.

Since its mainnet debut in 2021, Stacks has drawn more than 30 contributing organizations, including the Stacks Foundation, developer tooling firms, and research groups. The platform's ecosystem is powered by tokenized value transfer, with sBTC serving as a pivotal component in unlocking new possibilities for the crypto community.

Major players such as Jump Crypto, UTXO Management, SNZ, and Asymmetric Research are already expressing interest in sBTC, highlighting its relevance in the market. In addition to sBTC, BitGo’s integration supports SIP‑010, the fungible token standard for Stacks, laying the groundwork for custody of other Stacks assets in the future.

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Other articles published on Apr 26, 2025