Solv, Ceffu, and Babylon Collaborate to Advance Bitcoin Staking Innovation and Enhance Asset Security for SolvBTC.BBN Users
Solv is excited to announce a strategic collaboration with institutional-grade crypto asset custodian Ceffu and Babylon Bitcoin staking protocol. Together, we are working to deliver a superior Bitcoin staking solution for SolvBTC.BBN users, combining our strengths to enhance asset security and improve staking efficiency.
Through this collaboration, Solv and Ceffu have integrated Babylon’s protocol into Ceffu’s MPC custodial wallets. This marks the first successful implementation of Babylon’s protocol in this secure environment. Solv and Ceffu have jointly designed the technical framework and tested the staking process, significantly bolstering the security of SolvBTC.BBN assets and providing users with a more convenient and secure liquid staking service.
As a result, users can now utilize BTCB — one of the initial reserve assets in Solv’s Bitcoin Reserve — on the BNB Chain to access Babylon’s Bitcoin staking solution via Solv. This integration greatly enhances Bitcoin’s capital efficiency and offers additional earnings potential for holders.
This cooperation will help drive the development of BTCFi and unlock the immense potential of Bitcoin in decentralized finance, strengthening Bitcoin’s role in the DeFi ecosystem.
“This collaboration is an important milestone in the development of BTCFi, as we are opening up a new path for the value creation of Bitcoin by combining Solv’s Bitcoin Reserve, Ceffu’s institutional-grade custody services, and Babylon’s innovative staking protocol,” said Ryan, the founder of Solv. Both Ceffu and Babylon have expressed strong support and anticipation for the collaboration.
Ian Loh, CEO from Ceffu stated, “As Binance’s exclusive institutional custody partner, Ceffu is committed to providing the most secure and flexible digital asset management solutions. Our collaboration with Solv and Babylon allows us to offer a more diverse range of asset enhancement services while maintaining the highest level of security.”
Fisher Yu, co-founder of the Babylon project, added, “Babylon’s mission is to expand Bitcoin’s role in the decentralized economy through innovative security-sharing protocols. This collaboration with Solv and Ceffu will enable our Bitcoin staking protocol to serve a broader range of Bitcoin holders and, in turn, improve the decentralization of Babylon.
Looking ahead, the three parties will continue to deepen their collaboration, exploring new and innovative Bitcoin application scenarios to offer users more enriched crypto asset enhancement services.
