Portal to Bitcoin Launches the First Custody-free Bitcoin-Secured Cross-Chain Stack built on Babylon Genesis
Portal to Bitcoin, a decentralized finance (DeFi) technology company, today announced a strategic integration with Babylon Genesis, the pioneer of trustless Bitcoin staking. Now available is the industry’s first modular, fully custody-less cross-chain infrastructure stack. This solution is purpose-built to scale DeFi on the bedrock of Bitcoin security.
Through Babylon Genesis’s staking and timestamping protocols and Portal’s BitScaler-powered Channel Factory, Bitcoin holders can now secure proof-of-stake (PoS) validators with native BTC, execute instant bridgeless atomic swaps between BTC and assets such as ETH and SOL, and record validator signatures and decentralized exchange (DEX) trades immutably on the Bitcoin network.
Chandra Duggirala, Co-founder and CEO of Portal to Bitcoin, adde...