The press release says vBTC.b could expand Bitcoin’s role in DeFi by combining native Bitcoin redemption on Base with Fireblocks support, potentially improving institutional access and cross-chain liquidity.
VerifiedX Foundation said it launched vBTC.b on Base with Fireblocks support, positioning the asset as a non-synthetic Bitcoin product with native Bitcoin redemption and institutional self-custody functionality. The existing topic details say the project is designed to broaden Bitcoin’s participation in DeFi through a FROST-based multi-party computation validator network, while also noting that the current public network model does not provide unilateral on-chain withdrawal rights if the validator pool goes offline. The new press release adds that VerifiedX believes vBTC.b could strengthen Bitcoin’s role in DeFi, attract institutional investors, and increase cross-chain liquidity.