Announced details
On-chain financial services, including borrowing against Bitcoin collateral, and BTCFi (decentralized finance using Bitcoin)
A track record of activating the equivalent of more than US$10 billion in native Bitcoin (whether this figure is cumulative or as of a specific point in time is not stated).
HODL1 has joined as Babylon Labs' partner for the Japanese market.
A company that develops infrastructure for using native Bitcoin as a foundational asset in the blockchain economy. It develops and operates a native Bitcoin staking protocol and TBV. The company has received investment from a16z crypto and others, and collaborates with Aave, Ledger and GoMining. Location, representative, capital and year of establishment: Not disclosed.
The impact on the Company's financial results is expected to be minor.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Trustless Bitcoin Vaults（TBV） |
| Counterparty | Babylon Labs Ltd. |
| Counterparty overview | A company that develops infrastructure for using native Bitcoin as a foundational asset in the blockchain economy. It develops and operates a native Bitcoin staking protocol and TBV. The company has received investment from a16z crypto and others, and collaborates with Aave, Ledger and GoMining. Location, representative, capital and year of establishment: Not disclosed. |
| Relationship with the Company | HODL1 has joined as Babylon Labs' partner for the Japanese market. |
| Launch date | Fourth quarter of 2026 (service launch on mainnet planned) |
| Applicable area | On-chain financial services, including borrowing against Bitcoin collateral, and BTCFi (decentralized finance using Bitcoin) |
| Usage history | A track record of activating the equivalent of more than US$10 billion in native Bitcoin (whether this figure is cumulative or as of a specific point in time is not stated). |
| Impact on Business Performance | The impact on the Company's financial results is expected to be minor. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To support the implementation of TBV by companies in Japan that hold Bitcoin and contribute to the adoption of financial infrastructure connecting Bitcoin and Ethereum.