Fordefi To Integrate Stacks: Elevating Institutional Access to Bitcoin DeFi
Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $1T in passive capital as a fully programmable, productive asset.
We’re excited that Stacks will be such a big part of onboarding the next wave of institutional investors to Bitcoin DeFiespecially in light of the new capabilities offered up by sBTC, Stacks’ 1:1 programmable asset for Bitcoin. Fordefi’s offerings paired with the leading layer 2’s capabilities ensure that investors can be a part of this next wave for the Bitcoin economy in a secure, scalable way.
We’re excited to announce that Fordefi will be extending its support to Stacks, a leading Layer 2 for Bitcoin, coming soon in early 2025. This integration marks a significant step forward in our mission to empower the Bitcoin economy with an institutional-grade MPC wallet platform purpose-built for DeFi.
By integrating Stacks into Fordefi, we aim to:
- Empower Institutional Participation: Provide seamless connectivity to Stacks, enabling institutions to tap into the growing Bitcoin DeFi ecosystem and leverage smart contract capabilities with confidence.
- Drive Broader Adoption: Partner with the Stacks Foundation to onboard institutional investors, ensuring they can navigate and capitalize on the expanding opportunities within the Stacks ecosystem.
In line with our commitment to supporting sBTC and the broader Stacks ecosystem, we have already begun development on a fully DeFi-capable integration. This new capability will enable institutions to seamlessly engage with the growing Bitcoin DeFi space and unlock its full potential.
Why Did The Stacks Foundation Choose Fordefi?
The Stacks Foundation is aligned with Fordefi’s proven strength in Bitcoin DeFi, unmatched user experience, and comprehensive connectivity. Our Stacks integration represents a shared vision for the future of decentralized finance on Bitcoin.
With Stacks support being added to the Fordefi ecosystem, we’re unlocking new opportunities for institutional growth, innovation, and success within the Bitcoin DeFi space. This is just the beginning, and we look forward to the continued evolution of Bitcoin’s DeFi capabilities.
Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto release will bring faster speeds as well as transactions that are as irreversible as Bitcoin’s once confirmed, setting the stage for a programmable Bitcoin asset called sBTC later in the year. Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $1T in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.
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