Stacks, the leading Bitcoin L2 platform, announced major institutions are adopting sBTC. The decentralized programmable asset, launched in December 2024, has garnered significant interest.
A New Step in Bitcoin Strategy
sBTC is a programmable asset fully backed 1:1 by Bitcoin and is becoming a critical part of flexibility and scalability strategy for major institutions and industry leaders. The immediate interest and high demand propelled a swift increase in deposit limits since its opening on February 25th, 2025.
The sBTC Ecosystem and Its Participants
Early sBTC depositors include companies like UTXO, SNZ, Jump Crypto, and others. Program Zest, accounting for 40% of all sBTC, highlights the practical usability and broad application of the asset. Historical data indicate rising demand for tokenized Bitcoin assets, as confirmed by BBA reports.
The Future of sBTC and DeFi on Stacks
Analysts anticipate further sBTC development in 2025 with the implementation of withdrawal functionality. Hiro CEO Alex Miller foresees new solutions based on sBTC, such as Bitcoin yield generation, lending, and money markets. sBTC ensures more dynamic financial landscapes and interaction with key players.
Stacks continues to innovate, facilitating Bitcoin integration into DeFi. sBTC is expected to advance, further cementing its position in the crypto world.
