Now live! Secure institutional custody for sBTC, with seamless conversion between BTC and sBTC, all within BitGo's trusted platform. 🧵

Stacks 🤝 BitGo

2/ sBTC is bitcoin backed, 1:1 with BTC. Mint it, hold it, or burn it back to BTC anytime, all within BitGo custody.

3/ To mint sBTC, you lock BTC from your BitGo BTC wallet. Once that bitcoin transaction confirms onchain, the corresponding amount of sBTC appears in your BitGo Stacks wallet.

4/ To burn sBTC, you reverse the process: the Stacks smart contract is invoked, and the decentralized sBTC signer network then releases the BTC back to your BitGo BTC wallet.

5/ Both directions happen through the same BitGo Stacks wallet interface, so you do not need to move funds to an external bridge or a separate application to convert between BTC and sBTC. The conversion is built into the wallet you already use. Learn more on the @Stacks blog:

This is how institutional adoption actually happens in practice: not through hype, but through enterprise-grade plumbing. BitGo backing sBTC custody and in-app conversion gives large-scale capital a safe, qualified gateway to participate in Bitcoin-native finance without taking on messy operational overhead. Huge milestone.

Nice💪. #Stacks starts Bitcoin economy!

Big deal for blockstack:native

Huge🔥

huge

This allude to what I wrote earlier this week Adoption of sBTC by institutions is such that you can't just allow your Bitcoin to be dormant, when you can make it productive and still earn real BTC without losing your ownership right More consensus, more security by signer set.

Lfggggggggggg

massive 🔥

huge. Smart move by BitGo.

Trust

🔥🔥🔥

This is how Bitcoin starts showing up in DeFi properly Well done BitGo team 👏

This is massive for the $STX eco