We’re excited to announce that Ceffu has partnered with Bitcoin liquidity layer Lorenzo Protocol to develop advanced Bitcoin solutions for institutional investors on the Sui blockchain. By providing robust custody infrastructure for Lorenzo's innovative stBTC token, Ceffu bridges institutional-grade security with the emerging potential of decentralized finance. Institutions can now access the Move ecosystem through an integrated security framework. Born from Meta's Diem project, Move is a blockchain ecosystem that combines UTXO-style asset security with advanced smart contract capabilities.

stBTC: Advancing bitcoin's Utility

By partnering with institutional custodians including Ceffu, Lorenzo Protocol has introduced stBTC, a BTC-equivalent liquid staking token backed by the combined value of Bitcoin's market price and the native yield generated through Babylon staking, to expand Bitcoin's utility in the BTCFi landscape. Lorenzo Protocol's omnichain infrastructure enables Bitcoin staking, with users receiving stBTC tokens secured by Ceffu's custodial services. These tokens track both principal and rewards while unlocking cross-chain DeFi opportunities including lending and yield generation.

Security is paramount in the stBTC ecosystem. By utilizing multi-party computation (MPC) technology, the platform effectively distributes cryptographic risk and enhances protection against potential breaches. This approach ensures that private key management is decentralized, thereby eliminating single points of failure. Additionally, Lorenzo Protocol's native bitcoin holdings are secured in Ceffu's regulated custody infrastructure, which provides institutional-grade cold storage and 24/7 operational monitoring.

The partnership directly addresses institutional investors' needs by creating a staking mechanism that maintains asset control while generating yield. Users can participate in DeFi markets without compromising the fundamental security of their Bitcoin, a critical consideration for sophisticated investors seeking to optimize their digital asset strategies.

Looking Ahead

"The Move ecosystem is emerging as a key platform for BTCFi innovation. With Lorenzo's pioneering technology backed by Ceffu's battle-tested security infrastructure, we're proud to help bring institutional-grade Bitcoin solutions to Move," - Ian Loh, CEO, Ceffu.

"We're proud to be working with such world-class security partners to bring Bitcoin safely into the Move ecosystem. At such an exciting time for the Bitcoin DeFi sector, where seemingly anything is finally achievable from an integration standpoint, nothing is more important than ensuring asset security as we continue to trailblaze and create new opportunities for our users across networks. - Matt Ye, Co-founder and CEO, Lorenzo Protocol.

Ready to unlock the potential of your bitcoin?

We're continuously exploring strategic partnerships to enhance our offerings. Our commitment remains unwavered: to provide unparalleled security for our clients' digital assets while enabling access to the most innovative and rewarding opportunities in the crypto ecosystem.

To learn more about how Ceffu’s custody and liquidity solutions can help drive your business forward, contact us using our institutional form.

About Lorenzo Protocol

Lorenzo Protocol is a Bitcoin Liquidity Finance Layer designed to meet the growing demand for Bitcoin liquidity in DeFi and L2 ecosystems. Through its innovative approach to Bitcoin Shared Security, Lorenzo enables Bitcoin holders to stake their assets across Proof of Stake chains while maintaining liquidity through tokenization. The protocol creates an efficient market by converting staked Bitcoin into Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs), providing users with flexible options for yield generation while maintaining access to their Bitcoin value.

About the Move Ecosystem
The Move ecosystem, developed from Meta's Diem project, combines high-security architecture with advanced digital asset functionality.  The ecosystem's object-oriented structure, reminiscent of Bitcoin's UTXO model, isolates assets from smart contracts, creating a fundamentally more secure blockchain environment. Implemented on Sui and backed by institutional investors like BlackRock and Brevan Howard, Move's design enables secure Bitcoin integration, including yield-bearing tokens (stBTC), through established DeFi platforms.

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu's secure gateway to the world's largest crypto exchange through MirrorX, our off-exchange settlement solution. 

Media contact: pr@ceffu.com 

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