Function News๐ŸŒ—
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Making idle Bitcoin productive with FBTC. Backed by Galaxy Digital, Antalpha Global & Mantle.
$1.3B+ TVL โ€ข 25+ Integrations โ€ข http://fbtc.com/proof-of-assets

Discussion group: https://t.me/FBTC_Official
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Auto-compounding is now available on vaults by Sentora.

Starting today, users will have the option to enable auto-compounding which automatically redeploys the earned yield.

Learn More ๐Ÿ‘‰ https://www.fxn.xyz/
"Bitcoin isnโ€™t simply a store of value; it is programmable collateral. It is productive capital. It is the base layer for institutional participation in onchain finance." โ€” Thomas Chen, CEO of Function shared with Cointelegraph

Read the full article ๐Ÿ‘‡
https://cointelegraph.com/news/bitcoin-is-infrastructure
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๐ŸŽ™๏ธ First panel of the day at The Bridge Conference in New York, hosted by The Tie

Functionโ€™s CEO Thomas Chen moderated โ€œThe Institutional Bridge to DeFi: How Funds Engage with Yield, Governance, and Risk On-Chain,โ€ joined by speakers from Ava Labs, Dragonfly, 3iQ, and Intchains Group.

Key themes:
1. Bridging takes time and trust: Institutions still require legacy-style frameworks.

2. Tokenization โ‰  DeFi adoption: Institutions are still missing real utility for true on-chain participation.

3. Legacy + digital rails must converge: Web3 needs to demonstrate that it solves institutional problems through compliant, transparent infrastructure.
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Round 2 at The Bridge Conference!

Thomas Chen joined speakers from Galaxy, Securitize, and Aptos Labs, in a panel moderated by Plume, to discuss the next phase of tokenized assets and RWA adoption.

Key takeaways:
1. DeFi users prioritize liquidity and yield; these remain the main drivers behind what gets tokenized.
2. Institutions focus on principal protection, custody, security of the underlying asset, and clear access controls are essential.
3. Tokenizing RWAs doesnโ€™t remove intermediaries; it redefines them. Coordination across all layers of the stack is key to scale.

Thank you to The Tie for hosting another excellent event! Great discussions, strong turnout, and high-quality content throughout.
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How can $FBTC be used?

โœ”๏ธ Vaults
Curated strategies supported by Sentora and CIAN.

โœ”๏ธ DeFi
$FBTC can be deployed for lending and borrowing opportunities on protocols like AAVE, Compound, Init Capital, Lendle, Avalon Finance or Omega.

โœ”๏ธ Liquidity Provision
Users can providing liquidity on DEXs like Merchant Moe_, Uniswap or DODO.

โœ”๏ธ Staking
Bybit, Bedrock, PumpBTC, SatLayer and Pell Network allow staking.
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Security and transparency sit at the core of Function.

Independent audits from MixBytes, Secure3, and BlockSec are now live, providing a transparent review of the systems that secure FBTC.

Full reports: https://docs.fbtc.com/more/audit-reports
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1 $FBTC = 1 $BTC

Fully backed. Transparent. Easy to verify ๐Ÿ‘‡
https://fxn.xyz/proof_of_assets
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How do retail users and institutional investors evaluate opportunities in DeFi differently?

Function's CEO, Thomas Chen breaks down the core factors that separate the two approaches.
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Stay connected with Function across all platforms!

Weโ€™re building, growing, and sharing updates everywhere you are.
Join our communities on :

Twitter: https://x.com/FunctionBTC
LinkedIn: https://linkedin.com/company/fbtc/
Discord: https://discord.com/invite/functionbtc
Medium: https://medium.com/@FunctionBTC
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Looking to acquire $FBTC?

Bybit users can convert $BTC to $FBTC at 1:1 with 0% fees.

https://bybit.com/user/assets/exchange/index
$FBTC is now supported by BitGo's infrastructure!

An exciting first step in our partnership as we introduce institutional-grade custody of $FBTC to Function and BitGo clients, providing them with secure and compliant access to DeFi strategies within a risk-managed framework.

By integrating with BitGo, Function expands Bitcoinโ€™s role in onchain finance. Enabling institutions to deploy $FBTC into various yield strategies and utilize their assets in new and productive ways.

โ€œWeโ€™re excited to partner with the global leading custodian to help safeguard BTC assets. Together, weโ€™ll be able to deliver BTC-on-BTC yield to institutions through a best-in-class security structure.โ€ โ€” Thomas Chen, CEO of Function
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FBTC is live on 9 chains, providing flexibility and seamless access across ecosystems, with more exciting integrations coming soon!
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Looking for liquidity but donโ€™t want to sell $BTC?

$FBTC can be supplied as collateral on protocols like Aave, Avalon, and Lendle, allowing users to access stablecoins without selling their BTC.

This supports flexibility for on-chain portfolio management.
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Bitcoinโ€™s cycles show that holding alone does not address volatility.
$FBTC enables Bitcoin to be used, not just stored.

Our curated vaults with CIAN and Sentora demonstrate how $FBTC extends Bitcoinโ€™s utility beyond simple hodling.
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What does the future of DeFi look like and what does it take to make $BTC yield accessible to the masses?

Functionโ€™s CEO, Thomas Chen, shares how properly structured onchain vaults could become a game-changer for users.
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We are still early!

GoMining's survey of Bitcoin holders across the US, Canada, and Europe found that 77% of $BTC holders have never interacted with a BTCFi platform, yet most of them are interested in earning yield.

What do you think of these stats?

Full Report https://gomining.com/blog/77-of-bitcoin-holders-havent-tried-btcfi-what-our-latest-survey-reveals
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Join us on Thursday at 11 AM ET for a discussion on "BTCFi Adoption in the US: Opportunities and Institutional Readiness".

We'll explore what institutional-grade BTCFi looks like in the US today, and what is still missing to support broader adoption.

Featuring:
Moderator: Zhixi Zhang, Senior BD & Product Strategist at BOB
Luke Hajdukiewicz, Chief Growth Officer at Concrete
Thomas Chen, CEO at Function
Michael Wei, Director of Product Management at BitGo


๐Ÿ—“๏ธ Dec. 11, 11AM ET
๐Ÿ“ https://x.com/FunctionBTC
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Do you know what happens behind the scenes when you mint $FBTC?

From the $BTC deposit into custody to monitored checks and multi-party approvals, several verification steps take place before $FBTC is issued on chain.

Learn more in our GitBook ๐Ÿ‘‰ https://docs.fbtc.com/
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Function is built to turn idle $BTC into active on-chain capital.
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The Acquire page is now live on Functionโ€™s website.

From minting and bridging to swapping powered by Odos, users can now acquire $FBTC and track bridge transactions via the new Bridge Explorer, all from one spot.

Explore the new page ๐Ÿ‘‰ https://www.fxn.xyz/acquire
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Sentiment is cyclical. Utility shouldnโ€™t be.

As the $BTC Fear & Greed Index returns to 2022 levels, $FBTC is built to keep Bitcoin functional across market conditions.
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