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Dolomite adds $100M in Bitcoin-backed collateral via Concrete's BTCcx token

Protocol Fundamentals
21 Oct 2026
Crypto Briefing
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Bullish
Dolomite adds $100M in Bitcoin-backed collateral via Concrete's BTCcx token

Dolomite has integrated $100 million worth of BTCcx, a Bitcoin-backed token custodied by BitGo through Concrete, into its lending markets. BTCcx tokens represent Bitcoin held 1:1 at BitGo, allowing institutions to use Bitcoin as collateral without moving coins from regulated custody. Unlike typical DeFi liquidations, BTCcx liquidations settle offchain, reducing market disruption but depending on custodian processes. This move highlights a new approach for institutional Bitcoin liquidity that balances regulatory custody with DeFi access.

Dolomite's addition of $100 million in Bitcoin-backed collateral offers context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 22, 2026 02:51 WIB: Among 50 major cryptocurrencies priced on Pluang, 40 rose and 9 fell today. Notable movers include FIL (Filecoin) up 5.15% to Rp19.346 with 83% buy orders, XRP (Ripple) up 4.63% to Rp24.999 with a nearly even buy-sell split, and AAVE (Aave) up 4.50% to Rp2.837.078 with a slight buy majority.

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