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About vBTC

vBTC transforms Bitcoin from a passive store of value into a trustless, programmable, institutional-grade settlement stablecoin and yield-enabled asset — without wrapped tokens, custody risk, or synthetic exposure.

vBTC is a trustless, non-synthetic, programmable ownership of Bitcoin, designed to enable true native Bitcoin DeFi without custodial bridges, IOUs, or wrapped risk.

Key Highlights​

  • True Ownership: 1:1 Bitcoin backed, non-synthetic, and fully verifiable on-chain.
  • No Bridge Risk: Eliminates centralized custodians and multi-sig bridge vulnerabilities.
  • Native DeFi: Enables lending, borrowing, and prime brokerage directly with Bitcoin.
  • Institutional Ready: Instant finality and predictable fees suitable for banks, funds, and market makers.

Core Institutional Guarantees​

  • Trustless by Design: No centralized custodian or discretionary minting authority. Rules-based issuance.
  • Non-Synthetic Bitcoin: Not a derivative. No rehypothecation or balance-sheet exposure. Direct, provable ownership.
  • 1:1 Bitcoin Backing: Deterministic mint, burn, and redemption.
  • On-Chain Verifiability: Supply and settlement are auditable on-chain. No reliance on off-chain attestations.

Speed, Cost & Settlement​

  • Instant Finality: Near-instant settlement vs Bitcoin L1 latency.
  • Low, Predictable Fees: Fixed, minimal transaction costs.
  • Always-On: 24/7 global availability (no batch/cutoff constraints).

Programmable Bitcoin​

  • Native Smart Contracts: Bitcoin becomes programmable without altering Bitcoin itself.
  • Deterministic Execution: Contracts execute exactly as written with no oracle-driven state changes.
  • Composable Infrastructure: Embeddable across lending, borrowing, escrow, clearing, and settlement.

True Native Bitcoin DeFi​

  • No Bridge Risk: No multi-sig bridges or validator-controlled assets.
  • Bitcoin-First Architecture: Bitcoin is the asset of record, not a secondary token.
  • Institutional-Grade: Bank-adjacent (not grey market). Suitable for collateral and clearing.

Primary Institutional Use Cases​

  • Lending & Borrowing: vBTC is pristine collateral with no rehypothecation risk.
  • On-Chain Prime Brokerage: Margin, netting, and settlement.
  • Treasury Optimization: Retain exposure while unlocking capital efficiency.
  • Clearing & Settlement: Atomic, final settlement without intermediaries.
  • Custody-Compatible DeFi: Integrates with institutional compliance frameworks.

Who vBTC Is Designed For​

  • Banks & Broker-Dealers
  • Funds & Asset Managers
  • Exchanges & Liquidity Venues
  • Custodians & Infrastructure Providers
  • Market Makers & Prime Desks

Documents​

Technical​

Solutions​