Lombard Finance Acquires Avalanche’s BTC.b Asset and Infrastructure

Lombard Finance Acquires Avalanche’s BTC.b Asset and Infrastructure

BTC.b, a $538 million cross-chain Bitcoin asset on Avalanche, will be integrated into Lombard Finance’s operations with plans to expand flow across Ethereum, Solana, and other chains next year.

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Fact Check
The evidence overwhelmingly supports the truthfulness of the statement. All five provided sources are consistent and report the same event without any contradictions. The most authoritative piece of evidence is the direct announcement from Lombard Finance's official X account, which is a primary source confirming the acquisition. This primary confirmation is strongly corroborated by multiple independent secondary sources, including a highly reputable cryptocurrency news outlet, The Block. Notably, the sources explicitly support both components of the claim: the acquisition of the 'BTC.b asset' and the 'infrastructure'. The Block directly states that Lombard Finance acquired 'the BTC.b asset and its underlying infrastructure,' and AInvest mentions the 'transition of infrastructure.' The unanimity across a primary source and several credible secondary sources provides a high level of confidence in the statement's accuracy.
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Summary

According to Lombard Finance’s official announcement, the firm has acquired the live on-chain infrastructure of BTC.b, a $538 million Bitcoin asset on the Avalanche blockchain. BTC.b will continue operating on Avalanche under its existing contracts and name, while Lombard Finance plans to route asset flow to Ethereum, Solana, and other major blockchains starting in the coming year.

Terms & Concepts
  • BTC.b: A cross-chain Bitcoin asset on the Avalanche network, enabling Bitcoin transfers between Avalanche and other blockchains.
  • Cross-chain asset: A digital asset designed to operate across multiple blockchain networks, allowing interoperability and asset transfers.
  • Avalanche: A blockchain platform known for high throughput and low latency, supporting decentralized applications and customizable blockchains.