Anchorage Digital, the platform that operates the only federally chartered crypto bank in the United States, is partnering with Build on Bitcoin to expand institutional access to decentralized finance on Bitcoin.
Summary
- Anchorage Digital now supports BOB, a decentralized finance chain that taps into Bitcoin and Ethereum.
- BOB has picked Anchorage Digital as its crypto custodian.
- Move comes as Bitcoin DeFi sees its total value locked hit $9.3 billion.
The decentralized finance ecosystem has received a further boost as crypto bank Anchorage Digital becomes a preferred custodian. This support will provide institutions with an avenue to further participate in Bitcoin DeFi via BOB’s hybrid chain.
BOB offers a hybrid zero-knowledge rollup that combines Ethereum’s (ETH) DeFi innovation and Bitcoin (BTC)'s security. Anchorage Digital is set to bring regulated access to the platform.
Institutions and asset holders looking for this gateway to the Bitcoin finance (BTCfi) ecosystem can do so via BOB’s native token on Anchorage Digital Bank N.A. and on Anchorage Digital Singapore.
The former is a U.S. federally chartered crypto bank, while the latter is a Major Payment Institution regulated by the Monetary Authority of Singapore. Anchorage also supports BOB via its self-custody wallet, Porto.
Anchorage Digital boosts Bitcoin DeFi ecosystem
BlackRock and Cantor Fitzgerald are among institutions to tap into Anchorage Digital’s crypto solution, with BlackRock adding the crypto bank as a custodian for the spot exchange-traded fund, the iShares Bitcoin Trust ETF, in April.
As such, the move to support BOB is one more pillar added to the growing Bitcoin DeFi ecosystem.
Per details on DeFiLlama, over $9.33 billion in total value locked is currently in decentralized finance protocols deployed on Bitcoin. The DeFi TVL on the network that underpins the benchmark digital asset with over $2 trillion in market cap, stood around $4.6 billion in Nov. 2024.
A year later, the ecosystem has more than doubled in size. The TVL reached an all-time high of $11.5 billion in October 2025.
Enabling custody support for BOB is another step forward in buoying adoption across BTCfi.
“Bitcoin has been time-tested as one of the most secure and established networks. It’s tremendously exciting to see smart contract capabilities grow on Bitcoin, paving the way for new applications that blend Bitcoin’s security with new use cases. At Anchorage Digital, we’re proud to support innovators like BOB and to empower institutions to participate,” said Nathan McCauley, chief executive officer of Anchorage Digital.
Institutions and retail investors can earn yield on their BTC holdings via platforms like BOB, which currently boasts over $250 million in TVL.
Per DeFiLlama, most of the total value locked in BTC-related DeFi networks is on the restaking protocol Babylon, with over $5.68 billion. Lombard Finance and Threshold Network, both of which support Bitcoin and Ethereum, currently hold $1.18 billion and $606 million, respectively.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Thailand Tightens Crypto Rules While Expanding Bitcoin Products
Hidden Funders Face Shareholder-Level Scrutiny
Thailand is moving to tighten control over crypto ownership structures while expanding regulated market access. Authorities plan to track hidden financiers and restrict illicit capital flows. At the same time, regulators are opening pathways for
CryptoBreaking6m ago
BlackRock withdrew 3,741 BTC and 41,075 ETH from a certain CEX, totaling approximately $364 million in value
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 3,741 BTC (worth $272.49 million) and 41,075 ETH (worth $92.00 million) from a certain CEX. The total value of the two transfers is about $364 million.
GateNews23m ago
Polymarket data: The probability that Bitcoin will break $75,000 in April is 77%
Polymarket data shows that the probability of Bitcoin breaking above $75,000 in April is 77%, and the probability of breaking above $80,000 is 24%; the probability of dropping to below $65,000 is 30%. Deribit data shows that the max pain（maximum pain）price for Bitcoin options expiring on April 24 is $70,000, with a notional amount of approximately $6.98 billion.
GateNews24m ago
Bitcoin Faces Crucial Supply Test – Understanding the URPD Cluster Near $73,000
The cryptocurrency industry is currently experiencing a very high psychological and technical level of consolidation. Most of the news relating to the market will typically focus on price movement. Well-established analysts are analyzing on-chain statistics to identify the current strength of the pr
BlockChainReporter2h ago
'Bitcoin ETF Performance Pales Next to Gold': Mike McGlone - U.Today
Mike McGlone, a Bloomberg strategist, argues that Bitcoin ETFs may not drive long-term growth for Bitcoin, which has underperformed compared to gold. Despite recent gains, Bitcoin's performance seems capped, suggesting a potential peak in crypto enthusiasm.
UToday7h ago
Nunchuk Launches Open-Source Bitcoin Tools for AI Agents With 'Bounded Authority'
In brief
Nunchuk released two open-source tools designed to let AI agents interact with Bitcoin wallets under strict limits.
The system uses shared wallets and approval policies so agents cannot spend funds beyond defined rules.
The tools aim to support automated financial tasks while
Decrypt8h ago
