Singapore, October 7th ( PRNewswire ) – Babylon Labs and HashKey Cloud announced today that HashKey Cloud will integrate Trustless Bitcoin Vaults ( TBV ) to provide lending and yield services supported by native Bitcoin.
TBV enables Bitcoin holders to use Aave v4, leveraging native Bitcoin as collateral for loans without the need for packaging, cross-chain operations, or centralized intermediaries. This connects the Bitcoin ecosystem with the lending liquidity of Ethereum, allowing holders to access stablecoins and other supported assets.
For HashKey, this integration provides a way to generate revenue from native Bitcoin on an institutional scale. HashKey customers will be able to use their native Bitcoin as collateral to borrow funds and deploy the borrowed stablecoins into revenue-generating strategies.
This integration is built upon the existing role of HashKey Cloud within the Babylon ecosystem.
Babylon, co-founder Fisher Yu, stated: "Asian institutions hope to leverage Bitcoin through counterparties that have regulatory qualifications and operational track records, and HashKey Group possesses both. With this integration, HashKey Cloud will play a core operational role in TBV, providing native Bitcoin credit for its institutional clients and helping to promote the adoption of Babylon in Asia. Our trustless, self-managed design allows regulated institutions to use native Bitcoin as collateral while retaining ownership."
HashKey OnChain CEO Leo Li stated: "This is not just a technical integration; it is an important step in integrating Bitcoin into the institutional financial system. We are delighted to collaborate with Babylon to transform native Bitcoin into a lendable and deployable productive asset, unlocking new revenue opportunities for institutional clients."
Both parties stated that more details regarding the integration timeline and cooperative relationship will be announced in the coming months.
About Babylon
Babylon is an infrastructure company that builds Bitcoin collateral solutions on the Bitcoin network. The infrastructure of Babylon enables native Bitcoin to be used as collateral on any chain and in any application, supporting lending, stablecoins, protection, derivatives, real-world assets, and many more use cases. Babylon Trustless Bitcoin Vaults ( TBV ) achieves this without the need for packaging, cross-chain transfers, or intermediaries. Native Bitcoin collateral lending, supported by TBV, has been launched on the testing networks of Aave and v4. For more information, see https :// linktr.ee / babylonlabs.
About HashKey Cloud
HashKey Cloud is an institutional-level collateral and revenue infrastructure provider under HashKey Holding Limited ( HK.3887 ). Since 2018, the company has been providing node verification services, covering mainstream public chains and the Layer ecosystem. It continuously offers institutional-level digital asset collateral infrastructure and on-chain revenue solutions to global institutional investors, funds, and underlying protocols, helping institutional clients to seamlessly integrate into the Web3 revenue ecosystem.
