MatrixPort Partners with exSat to Offer nBTC on the exSat Platform

MatrixPort, a digital asset financial services platform, has announced a comprehensive strategic partnership with exSat, a Bitcoin scaling solution, with the goal of leveraging their respective strengths to accelerate the growth and adoption of the Bitcoin ecosystem. matrixport will offer nBTC, a new Wrapped BTC version of the product, on the exSat platform, which is 1:1 anchored to Bitcoin. :1 anchored to Bitcoin. Users will be able to convert native BTC to nBTC through MatrixPort and use it on exSat for a variety of BTCFi applications, such as pledging, lending, and trading. matrixPort will also work to advance the development of DApp applications and services on the exSat platform, including BTCFi on-chain applications, RWAs, cross-chain interoperability, and more. exSat said the partnership is expected to total three to five years and is expected to be completed by the end of this year. exSat will also work with Matrixport on the development of a new BTCFi on-chain application. The partnership is expected to bring a total of $300 to $600 million in bitcoin liquidity to exSat, exSat said.

In addition, the two companies will enhance security in areas such as multi-signature technology applications, security specification development, and security monitoring cooperation.