BitGo enables direct BTC to sBTC conversion, boosting Bitcoin use in DeFi for institutions.

BitGo has integrated support for sBTC, a Bitcoin-backed token on the Stacks network, allowing institutions to custody and convert BTC to sBTC directly within its platform. This integration, launched in April 2025, simplifies access to Bitcoin DeFi by removing the need for third-party custodians and external infrastructure. Institutions can now use sBTC for lending, borrowing, and trading on Stacks, earning BTC-denominated rewards. This move enhances Bitcoin's utility beyond cold storage and could drive significant institutional flows into the Stacks DeFi ecosystem.