vBTC.b debuts as a fully collateralized Bitcoin asset on Base, enabling direct redemption to native BTC without third-party attestation.
VerifiedX Network has launched vBTC v2, a non-synthetic Bitcoin asset on Base, under the ticker vBTC.b. The asset is fully collateralized with 1:1 BTC backing and supports automated minting, burning, and direct redemption to native Bitcoin via its VFX Lockbox system.
vBTC.b is compatible with the EVM ecosystem, enabling use cases such as lending, liquidity pools, and institutional vaults. The asset has also been listed on Fireblocks with self-custody support, eliminating the need for third-party attestation.
The upgrade introduces Frost-MPC threshold signing, enhancing security and interoperability within decentralized finance applications.