**Anchorage Digital Partners with Build on Bitcoin to Expand Institutional DeFi Access**
Anchorage Digital, operator of the only federally chartered crypto bank in the United States, has announced a partnership with Build on Bitcoin (BOB) to expand institutional access to decentralized finance (DeFi) on the Bitcoin network. This move offers a significant boost to the growing Bitcoin DeFi ecosystem, as Anchorage Digital steps in as a preferred custodian for the platform.
**Bridging Ethereum’s DeFi Innovation and Bitcoin’s Security**
BOB features a hybrid zero-knowledge rollup that leverages Ethereum’s (ETH) advanced DeFi capabilities along with Bitcoin’s (BTC) robust security. The alliance sees Anchorage Digital providing regulated institutional access to BOB’s platform, further bridging the gap between established financial infrastructure and emerging DeFi innovations on Bitcoin.
In addition to its U.S. federally chartered crypto bank, Anchorage Digital also operates Anchorage Digital Singapore, a Major Payment Institution regulated by the Monetary Authority of Singapore. This global reach positions Anchorage Digital as a key facilitator of secure and compliant access to the DeFi space.
**Anchorage Digital’s Expanding Institutional Clientele**
Anchorage Digital has become a trusted name for major institutions such as BlackRock and Cantor Fitzgerald. Notably, BlackRock selected Anchorage Digital as a custodian for its spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF, in April. This reflects the growing confidence among traditional financial players in Anchorage Digital’s crypto custody solutions.
The recent partnership with BOB adds another pillar to the expanding Bitcoin DeFi ecosystem, supporting further integration and adoption among institutional investors.
**Bitcoin DeFi TVL Surges to New Highs**
According to DeFiLlama, decentralized finance protocols deployed on Bitcoin currently boast a total value locked (TVL) of over $9.33 billion. For comparison, the Bitcoin DeFi TVL stood at around $4.6 billion in November 2024. A year later, the ecosystem has more than doubled in size, reaching an all-time high of $11.5 billion in October 2025.
Most of this TVL resides in the restaking protocol Babylon, which holds over $5.68 billion. Other key platforms include Lombard Finance and Threshold Network, which support both Bitcoin and Ethereum, with $1.18 billion and $606 million in TVL, respectively.
**Comments from Industry Leadership**
“Bitcoin has been time-tested as one of the most secure and established networks. It’s tremendously exciting to see smart contract capabilities grow on Bitcoin, paving the way for new applications that blend Bitcoin’s security with new use cases. At Anchorage Digital, we’re proud to support innovators like BOB and to empower institutions to participate,” said Nathan McCauley, chief executive officer of Anchorage Digital.
**Looking Ahead**
Anchorage Digital’s decision to enable custody support for BOB is a forward-looking step that is poised to accelerate adoption across the BTCfi space. As the Bitcoin DeFi landscape continues to mature and attract record institutional interest, secure and compliant custody solutions will play a pivotal role in shaping the future of decentralized finance.
https://bitcoinethereumnews.com/bitcoin/anchorage-digital-to-power-bitcoin-defi-on-bob/