Babylon (@babylonlabs_io): Native Bitcoin-backed borrowing is coming soon to one of the leading institutional MPC wallet platforms.
Estimated coin impact
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Native Bitcoin-backed borrowing is coming soon to one of the leading institutional MPC wallet platforms. Babylon and @utila_io are partnering to bring native Bitcoin-backed borrowing with @aave v4 to Utila's institutional Bitcoin holders. Utila is trusted by more than 250 institutions, including exchanges, custodians, hedge funds and banks. Its customers can borrow against native Bitcoin without wrapping, bridging or giving up custody. More details on the partnership will be shared in the coming months.