1. Introduction: Unlocking a New Horizon for Bitcoin Finance
Bitcoin (BTC), the foundation of blockchain technology, is evolving beyond a simple digital asset to become a core infrastructure for decentralized finance (DeFi). In this trend, BTCFi 2.0, which utilizes Bitcoin liquidity in a trustless manner, is drawing attention as the core driving force for the next financial innovation.
Babylon Labs, a global crypto technology innovation company, and Happy Block, a leading domestic institutional prime brokerage firm, have joined hands to lead this BTCFi 2.0 era. Today, both companies officially announce joint research and comprehensive cooperation related to BTCFi 2.0.
2. Goal of Cooperation: Exploring the Possibilities of Trustless Bitcoin Finance
The ultimate goal of this cooperation is to explore ways to safely utilize Bitcoin in the decentralized finance ecosystem without the need for intermediaries or cross-chain bridges.
Both companies plan to focus on jointly researching and reviewing the domestic business potential of an institutional Bitcoin finance model targeting institutional investors. This will be an important first step in laying the groundwork for Bitcoin-based financial products to be safely utilized within the institutional framework.
3. Combined Core Capabilities: Accelerating Innovation through Synergy
This collaboration combines the unique strengths of each company to create powerful synergy.
The combination of Babylon Labs' innovative technology and Happy Block's deep understanding of the financial market and regulatory compliance capabilities will lay the foundation for building the safest and most reliable Bitcoin financial infrastructure in the Korean market.
4. Vision for Users and the Market: Safer and More Efficient Liquidity
If this technology and business model research is successfully completed, users and the market can ultimately expect the following benefits:
- Enhanced Security and Reduced Risk: By not going through intermediaries or bridges, hacking and Single Point of Failure risks are minimized, maximizing the safety of utilizing Bitcoin liquidity.
- Increased Transparency and Efficiency: By directly utilizing Bitcoin in a decentralized environment, the existing complex and opaque cross-chain procedures are eliminated, increasing financial efficiency.
5. Future Roadmap: Materializing the Vision through Research
Currently, both companies are in the initial stages of joint research and cooperation model exploration. Specific service launch timing will be announced later based on the research results. Babylon Labs and Happy Block will focus on developing a BTCFi model optimized for the Korean environment through close cooperation and building a future financial infrastructure that maximizes the potential of Bitcoin.
Happy Block CEO, Kyuyoon Kim: "The cooperation with Babylon Labs will be a crucial turning point for Happy Block to provide the most innovative and secure Bitcoin-based solutions to the domestic institutional market. Through the synergy between the two companies, we will lead the BTCFi 2.0 era and prepare the necessary environment for more institutions to invest in BTC Yield."
Babylon Labs APAC Lead, Jihoon Yi: "Happy Block is an ideal partner with a deep understanding of the Korean market and strong regulatory compliance capabilities. We expect that our Trustless BTC Vaults technology, combined with Happy Block's institutional platform, will set a new standard for the global BTCFi market."
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