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Bitcoin DeFi protocol 
Lombard Finance (BARD) has acquired BTC.b, the leading bridged bitcoin asset on Avalanche, from Ava Labs. Launched in 2022, BTC.b holds a market cap over $500M and enjoys integrations across leading 
Avalanche DeFi protocols, including Aave, Benqi, and Euler.
What’s the Scoop?
- Transaction Terms: No purchase price was disclosed, but under the deal, BTC.b will remain a neutral public good, continuing to on Avalanche with its contract, name, and integrations unchanged. The deal is expected to close by year end.
- Expanded Access: BTC.b will now operate on Lombard’s protocol architecture – the same foundation that powers LBTC – allowing BTC.b to easily scale across Lombard-supported chains. BTC.b will also deploy to
MegaETH upon the network's mainnet launch. - Ava Labs Refocuses on Core Blockchain Development: Ava Labs’ decision to sell BTC.b comes amid broader efforts to streamline operations. “We are offloading some costs and effort to running a very large piece of infrastructure and focusing on our core business — maintaining and improving the Avalanche blockchain,” said Eric Kang, head of DeFi at Ava Labs in a comment to The Block.
Lombard has acquired BTC.b—the leading Bitcoin asset on Avalanche with ~$538M in circulation.
— Lombard (@Lombard_Finance) October 30, 2025
BTC.b will operate exclusively on Lombard's protocol infrastructure as a neutral public good, and introduce a permissionless, decentralized, next-generation BTC asset to the masses. pic.twitter.com/bvbsavSCga
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