FBTC, a new asset in the Bitcoin market, has achieved a historic milestone of $1.5 billion in Total Value Locked (TVL). This step opens up new opportunities for institutional investors by providing productive use of Bitcoin.
The Role of FBTC in Institutional Investments
FBTC is a fully reserved Bitcoin asset that serves as the flagship asset for institutional investors. It allows corporations to apply a strategic approach to managing their Bitcoin reserves and move funds between decentralized and traditional financial systems.
Partnership with Galaxy Digital
Galaxy Digital, alongside Mantle and Antalpha, has become one of the key partners of FBTC. This partnership is aimed at creating a sustainable infrastructure for institutional investments in Bitcoin. Function's CEO, Thomas Chen, noted: "Galaxy's partnership validates our strategy of transforming Bitcoin into a productive financial asset."
Reliability and Security of FBTC
FBTC is integrated with over 8 major protocols and 25 leading decentralized applications. The platform is aimed at meeting the needs of institutional clients by providing multi-layer security and risk management. It also supports transparent yield and liquidity strategies.
The introduction of FBTC and its support from Galaxy Digital and other leading companies opens new horizons for using Bitcoin as an active financial instrument, which could transform approaches to corporate investments in digital assets.
