At BitGo, we’ve always believed in Bitcoin’s potential to serve as more than just a store of value. Today, we’re excited to announce institutional support for sBTC, a fully programmable, 1:1 Bitcoin-backed asset built on the Stacks layer 2 network. This milestone marks a significant expansion of our long-standing partnership with the Stacks ecosystem and furthers our mission to bring secure, scalable infrastructure to Bitcoin-based decentralized finance (DeFi).
As one of the earliest Signers on the Stacks network, BitGo was also among the first to support the Nakamoto upgrade and sBTC development. We’re proud to now offer secure custody, conversion, and infrastructure integration for institutions looking to interact with Bitcoin across both layer 1 and layer 2.
sBTC: Unlocking Bitcoin Utility Without Compromising Security
sBTC represents a major advancement for Bitcoin DeFi. It allows institutions to make their BTC productive—enabling lending, borrowing, trading, and tokenized assets—all secured by Bitcoin itself. Unlike traditional wrapped assets, sBTC is governed by smart contracts and a decentralized network of validators, eliminating the need for a centralized custodian.
sBTC leverages Stacks’ native BTC-rewarding consensus mechanism Proof of Transfer to reward sBTC holders with a base reward paid out in sBTC. While other protocols incentivize activity with points and the promise of alt coins, Stacks offers a unique ‘Bitcoin in, Bitcoin out’ model that is drawing interest from many institutional Bitcoin investors.
With the upcoming launch of sBTC withdrawal functionality taking place April 30, institutions will be able to move effortlessly between BTC and sBTC, opening the door to new applications that leverage Bitcoin’s security and Stacks’ smart contract capabilities.
The BitGo Advantage
BitGo pioneered the concept of wrapped Bitcoin in 2018 with the creation of WBTC, and today we continue that tradition by supporting the next evolution of Bitcoin utility through sBTC. Our clients benefit from:
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Institutional-grade custody for both BTC and sBTC
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Full support for SIP-010, enabling interoperability with other assets in the Stacks ecosystem
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$3 trillion in transactions processed, $48B in assets staked, and $100B+ in AUC, making BitGo the most trusted name in institutional digital asset custody
With our infrastructure, institutions can safely access new opportunities in the growing Bitcoin DeFi landscape.
A Growing Ecosystem, Ready for Institutions
Interest in sBTC is accelerating. Leading players like Jump Crypto, UTXO Management, SNZ, and Asymmetric Research are already exploring or deploying use cases around sBTC and Stacks-based Bitcoin DeFi. This integration with BitGo is another foundational building block toward a more open, decentralized financial system powered by Bitcoin.
“BitGo has long believed in the promise of Bitcoin beyond just being a store of value. Our integration of sBTC marks a pivotal step toward expanding Bitcoin’s utility in decentralized finance,” said Abishek Singh, Product Manager at BitGo. “As one of the earliest supporters of Stacks and the Nakamoto release, we’re excited to bring institutional-grade custody and infrastructure to the Stacks ecosystem. With over $3 trillion in processed transactions and more than $48 billion in staked assets, BitGo is uniquely positioned to help institutions tap into this new era of Bitcoin utility. sBTC opens the door to programmable, decentralized financial products without compromising Bitcoin’s core principles—and we’re just getting started.”
Get Started
BitGo’s support for sBTC is available now for qualified institutions. To learn more, connect with us.
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About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
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