BULLISH 📈 : Fireblocks integrates Stacks for institutional Bitcoin DeFi access

Fireblocks has integrated the Stacks network into its platform, providing direct access to native Bitcoin DeFi applications.

Users can now custody Stacks (STX) tokens and interact with Bitcoin-based protocols directly from Fireblocks.
The integration introduces capabilities like minting and bridging sBTC and accessing various DeFi services on Stacks.
Fireblocks serves over 2,400 institutional clients, offering significant potential for increased Bitcoin DeFi market activity.

This partnership marks a milestone for Bitcoin's L2 ecosystem. Despite Bitcoin's popularity, Ethereum remains the leading blockchain for DeFi. Bitcoin's market cap is over $1.45 trillion, yet most of it is in cold storage due to coding challenges and slower transaction times.

Stacks L2 network enhances Bitcoin's usability by enabling faster block production (around 5 seconds), reducing transaction slippage.
The integration allows institutions to earn yield on BTC through lending and staking without selling their assets.