Hex Belief, operators of crypto-asset custodian platform — Hex Secure, introduced it has joined the tzBTC ecosystem as keyholders. tzBTC permits to instantly transact in bitcoin (BTC) on the Tezos blockchain.
tzBTC is an instance of tokenization and DeFi on Tezos. tzBTC brings the liquidity and battle-tested model of Bitcoin into the Tezos ecosystem; enabling BTC-backed use-cases on Tezos.
Builders on Tezos can use tzBTC to construct distinctive monetary apps on the Tezos blockchain. Only in the near past, tzBTC was included as a liquidity baking asset in Tezos’ seventh forkless community improve, Granada.
Hex Belief + tzBTC
“Hex Belief has been part of the Tezos community since final summer season; beginning with the help of XTZ and staking/baking functionalities. We’re happy to proceed our partnership by being the primary Asia-based entity to be part of tzBTC; and to broaden our help for European shoppers.”
– Calvin Shen, Head of Gross sales & Enterprise Improvement at Hex Belief
Tezos is among the longest-running Proof of Stake networks and established layer-1 blockchain protocols. The Tezos community is understood for its energy-efficient design, ease of use, and on-chain governance.
Community exercise on Tezos has grown 1,200% this yr. Tezos has one of many largest NFT ecosystems led by indie market Hic et Nunc and joined by manufacturers together with Components 1 racing groups Crimson Bull Racing Honda and McLaren Racing; who’ve chosen Tezos to construct their NFT fan experiences on.
Additional, Tezos additionally has an energetic DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and AMM platforms. Sport builders, music labels, NFT artists, sporting franchises, central banks, actual property builders, international NGOs, and extra are all constructing on Tezos.
