Apr 10, 10:25 AM

BitGo's $1.75B Integration Boosts 1,500 Clients with Bitcoin Lightning; Babylon Genesis Launches, Connecting to 70+ Chains

BitGo, a leading digital asset security company valued at $1.75 billion, has integrated the Bitcoin Lightning Network into its services, enabling its 1,500 institutional clients to conduct fast, low-fee Bitcoin transactions. This integration, facilitated through a partnership with Voltage, allows BitGo users to access Lightning directly via an API, simplifying the process with no extra partners or complexity. In a separate development, Babylon Genesis, the world's first Bitcoin Secured Network (BSN), has officially launched. This Layer 1 blockchain, which derives its crypto-economic security directly from Bitcoin, went live following a smooth token generation event and a tier-1 listing. Users can now access Babylon Genesis through Leap, where they can view their airdropped $BABY tokens and stake BTC using BABY on Babylon, without the need for bridges or wrapping, utilizing pure BTC to secure Proof of Stake (PoS) networks. Axelar has connected Babylon Genesis to over 70 chains, enhancing the liquidity of the $BABY token and bringing Bitcoin staking capabilities to a wide range of networks. This integration, part of the second stage of Babylon's phased launch, aims to provide a seamless bridge connecting the Babylon Genesis ecosystem to the global Web3 ecosystem, further expanding Bitcoin's utility in decentralized finance.