Stacks and Fireblocks enable 2,400 institutions to access Bitcoin DeFi with custody and fast transactions

Fireblocks has integrated the Stacks Bitcoin Layer 2 network, allowing its 2,400 institutional clients to access Bitcoin-native DeFi services. This integration supports custody of STX tokens and minting of sBTC, enabling institutions to use DeFi protocols like Hermetica, Zest/Granite, and Bitflow for lending, swaps, and yield generation. Stacks offers faster transaction speeds than Bitcoin’s base layer, crucial for complex DeFi strategies. The partnership addresses institutional needs for secure custody and compliance, potentially attracting significant institutional capital to Bitcoin DeFi in coming quarters.