Latest news with #Etherlink
Business Insider
2 days ago
- Business
- Business Insider
Hex Trust Integrates Etherlink and Enables Custody for Tokenized Uranium, xU3O8
Hong Kong, Hong Kong, August 12th, 2025, Chainwire Hex Trust, a leading digital asset financial institution specializing in custody, staking, and markets services, has announced support for Etherlink, a high-performance, EVM-compatible Layer 2 network built on Tezos. As part of the integration, Hex Trust now offers custody support for xU3O8, a tokenized uranium asset issued on Etherlink, reinforcing its commitment to the real-world asset (RWA) ecosystem. The integration is supported by Trilitech, the R&D adoption hub working on the Tezos blockchain platform and the team behind Etherlink, which is working with Hex Trust to connect institutional clients seeking secure custody for xU3O8 and other Etherlink-based assets. The xU3O8 token is listed across multiple exchanges, making it one of the most accessible examples of on-chain commodity tokenization. Hex Trust offers licensed and compliant custody to safeguard tokenized commodities. By supporting Etherlink and xU3O8, Hex Trust provides market participants with access to institutional-grade RWA infrastructure, facilitating custody solutions for assets that bridge the gap between traditional finance and blockchain-based settlement. 'Tokenized commodities like uranium are gaining institutional interest as more real-world assets move on-chain,' said Giorgia Pellizzari, Head of Custody at Hex Trust. 'By integrating Etherlink, we reinforce our support for the Tezos ecosystem, and highlight our continued focus on delivering secure, regulated custody for institutions engaging with the evolving landscape of real-world asset tokenization.' "We're really excited to see Hex Trust embracing xU3O8," said Ben Elvidge, the Head of Commercial Applications at Trilitech. 'Uranium is a perfect fit for this kind of innovation. It's a physical asset that's tough for most investors to access, the market has pricing issues, and now we can solve both problems with blockchain rails. Having a proper regulated custodian like Hex Trust in the mix just makes it that much easier for institutions to dip their toes in the water." This development reinforces Hex Trust's role in enabling institutional access to tokenized real-world assets. With licenses in major global financial hubs including Hong Kong, Singapore, Dubai, and Italy, Hex Trust continues to deliver secure and compliant infrastructure for tokenization, custody, and execution. About Hex Trust Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. For more information, visit or follow Hex Trust on LinkedIn, X, and Telegram. About Etherlink and xU3O8 Etherlink is a non-custodial, EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups. xU3O8 makes it possible to digitally own and transfer uranium using Etherlink. The initiative is supported by Curzon, a global uranium trading company, and Archax, the first registered digital securities crypto exchange in the UK. For more information about xU3O8, visit or follow xU3O8 updates on LinkedIn, X, and Telegram. DISCLAIMER: This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction. As always, users should do their own research are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely. Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons. Contact Comm & PR Sara Moric
Business Insider
28-07-2025
- Business
- Business Insider
Lombard Finance Launches LBTC on Etherlink, Expanding Bitcoin DeFi Opportunities on Tezos L2
London, England, July 28th, 2025, Chainwire Lombard Finance, a leading developer of Bitcoin-based DeFi solutions, has launched its flagship LBTC product on the Tezos L2 network, Etherlink. The deployment is a significant milestone for both Lombard Finance and the Tezos ecosystem, representing the integration of a new asset on Etherlink (in the form of liquid bitcoin), allowing bitcoin liquidity to flow into the ecosystem and across DeFi applications. "Bringing LBTC to Etherlink represents an important step in our multi-chain strategy," said Jacob Phillips, Co-founder of Lombard Finance. "By closely collaborating with the Tezos Foundation and integrating with Etherlink, we will foster a thriving DeFi ecosystem and see LBTC onboarded to top protocols, so users can do more with their Bitcoin." Today's integration with Etherlink enables network users to stake their bitcoin in return for LBTC - a liquid-staking bitcoin token that can be used across Etherlink's range of DeFi applications. LBTC allows holders to maintain their bitcoin exposure while providing the freedom to engage with innovative DeFi protocols at the same time. LBTC is redeemable 1:1 for bitcoin and Lombard is fully audited by renowned industry experts, including Immunefi and Halborn. Additionally, because the BTC backing LBTC is staked to Babylon, LBTC earns a yield, meaning holders earn staking rewards alongside points from Lombard. "In our search for a superior Bitcoin solution for the Etherlink ecosystem, LBTC stood out as the ideal choice," said Anthony Hayot, Head of DeFi Adoption at Nomadic Labs. "We're proud to establish LBTC as the primary Bitcoin asset within our ecosystem, offering our users access to one of the most sophisticated Bitcoin solutions available in the DeFi landscape today." With almost $2B worth of LBTC minted and in circulation across EVM-compatible networks, the integration of LBTC on Etherlink stands to add substantial liquidity to the Tezos-powered ecosystem. LBTC will be accessible across multiple DeFi protocols within Etherlink, including Superlend, Hanji, IguanaDEX, and oku, enabling users to utilize LBTC for a range of DeFi activities. The token will also be integrated into the Apple Farm program, enabling users to earn rewards for using it in their interactions with Etherlink's growing DeFi ecosystem. Commenting, Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation, said, "The Tezos ecosystem has always prioritized innovation, and bringing Bitcoin's liquid staked Bitcoin to Etherlink reflects that foundational vision. This integration will provide BTC holders with new and exciting opportunities in DeFi." The integration with Etherlink is part of Lombard's continued strategy of cross-chain expansion, following its integration with the Sui blockchain in March. LBTC already operates across other notable blockchains, including Ethereum, Sui, Base, and BNB Chain, with 70% of LBTC supply actively deployed in DeFi protocols, including Aave and Morpho, and approximately 75 DeFi integrations across multiple blockchain ecosystems. About Lombard Lombard Protocol was founded with a single vision: to bring Bitcoin securely into DeFi and unlock its full potential. At the heart of the Lombard Protocol's innovation is its flagship product LBTC, the leading Bitcoin liquid staked token. Backed 1:1 by native Bitcoin, LBTC transforms Bitcoin into a secure, stable, and liquid asset for DeFi. It offers unmatched transparency, stability, and usability, making it the trusted collateral for lending, borrowing, and integration into decentralized ecosystems About Etherlink Etherlink is an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups technology. It empowers developers to smoothly deploy any EVM codebase and migrate users and assets from Ethereum and other interoperable chains, enabling seamless interaction and asset transfers across different networks Contact
Yahoo
16-07-2025
- Business
- Yahoo
Tokenization Firm Midas Brings Two New DeFi Products to Etherlink
Midas, a financial tokenization platform, said it is introducing two tokenized investment products on Etherlink, an Ethereum-compatible layer-2 overlay system for faster and cheaper transactions, built using the Tezos blockchain. The new products, mMEV and mRe7YIELD, are designed to offer opportunities in decentralized finance (DeFi) and are monitored by MEV Capital and Re7 Capital, respectively, each acting as appointed risk manager, according to a Wednesday press release. The move builds on Midas' earlier products, mBASIS and mTBILL, which have together attracted $11 million in total value locked (TVL) on Etherlink since their introduction. These tokenized certificates track financial strategies through ERC-20 tokens, allowing users to hold exposure through self-custodied, permissionless smart contracts while retaining compliance oversight. The new products follow a similar model. mMEV offers exposure to arbitrage and market-neutral opportunities across blockchain ecosystems, while mRe7YIELD tracks diversified DeFi yield strategies. In both cases, investors avoid dealing with multiple intermediaries or regional regulations by executing strategies via a single on-chain transaction. Etherlink, with its fast confirmation times and negligible transaction fees, has seen recent network upgrades, including near-instant withdrawal times. What once required contracting through multiple layers of intermediaries, each governed by their own local regulations, may soon be executed through a single smart contract call, said David Relkin, head of DeFi at Nomadic Labs, a Tezos developer group working on Etherlink. "Products like mMEV and mRE7YIELD finally make advanced yield-farming strategies accessible to institutional investors. We view them as one important step toward bringing wholesale finance fully on-chain,' Relkin said in the statement. For Midas, Etherlink provides the ideal environment for scalable financial applications, where strategies can be composed directly into lending, automated market making and structured vaults with minimal overhead and maximal accessibility, said Dennis Dinkelmeyer, CEO at Midas 'Etherlink offers the scalability and composability needed to bring structured, compliant strategies fully on-chain. With mMEV and mRe7YIELD, we're expanding secure, self-custodied exposure to institutional-grade products.' Dinkelmeyer said in a in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
19-06-2025
- Business
- Business Insider
Etherlink Hackathon 2025: Summer of Code Launches with $40,000+ in Prizes
Developers, grab your keyboards! Trilitech, the London-based Tezos R&D Hub, and Encode Club, the leading blockchain education and community platform, are officially announcing that 2025 is the Summer of Code, with the launch of a new hackathon set to kick off on July 3rd. Launching at TezDev, the annual blockchain conference for the Tezos ecosystem, the Etherlink Hackathon 2025: Summer of Code will bring together developers from around the world to build innovative applications on the Tezos L2 network, Etherlink. The month-long virtual event offers thousands of dollars in prizes across four competitive tracks, as well as the opportunity to receive mentorship from experts within the Tezos ecosystem, and aims to position Etherlink as a premier platform for DeFi, gaming, and creative applications. The hackathon challenges developers to leverage Etherlink's unique advantages: ultrafast transactions with confirmations in under 500ms, near-zero fees at a fraction of a cent, and the robust security inherited from Tezos L1. The event runs from July 3rd through August 3rd, culminating in a high-stakes demo day where finalists present their projects live. The timing aligns with significant momentum in the Etherlink ecosystem. A flurry of launches and network activity in recent months has seen total value locked (TVL) on Etherlink surge beyond $40M, demonstrating growing developer and user adoption. Recent developments include the launch of DeFi aggregator Oku, which brings Uniswap v3 functionality to Etherlink users, and the successful deployment of the Calypso upgrade, delivering up to 30x faster smart contract storage and enhanced network stability. Etherlink's architecture addresses key challenges facing developers today. Its non-custodial rollup design ensures no exclusive third-party control, while permissionless node operation allows anyone to run nodes, post commitments, and secure the network. Decentralized governance enables stakeholders to propose, vote, and shape network development. The hackathon features four distinct tracks with equal $8,100 prize pools. The Best DeFi Application track challenges developers to build innovative financial protocols that leverage Etherlink's EVM-compatible environment, from lending platforms to synthetic assets and payment rails. The Best Game or On-Chain Interactive Experience category seeks creative applications of smart contracts in gaming contexts, from simple PvP games to NFT-powered virtual worlds. The Collab Culture track focuses on collaborative tools and NFT projects that foster engagement between diverse audiences, emphasizing accessibility and creative economy applications. The Vibecode: Wildest & Most Unexpected Project serves as the wildcard category for boundary-pushing concepts that showcase unconventional uses of blockchain technology. Each track awards $4,050 for first place, $2,700 for second, and $1,350 for third. Additional special awards include a $5,400 Grand Prize for Best Overall Project, a $1,350 Community Choice Award determined by public vote, and $1,350 in honorable mentions for promising projects that deserve recognition. Supporting the hackathon are leading Web3 infrastructure partners, including Goldsky for blockchain indexing and data streaming, Sequence for smart wallet integration and Web3 game development, Thirdweb for developer SDKs and smart contract tools, and Redstone for real-time data solutions. These partnerships provide participants with workshops and technical resources to accelerate development. The event brings together experienced mentors from across the Tezos ecosystem. From the gaming and product side, participants will benefit from the guidance of Efe Kucuk (Head of Gaming at Trilitech) and Sofia Senatorova (Web3 Gaming Product Manager). The arts and culture track will be supported by Aleksandra Art (Head of Arts at Trilitech) and Vinciane Jones (Art Partner Manager). Overall hackathon coordination and support will be led by Beata Lipska (TechRel Squad Lead at Trilitech). Additional internal mentors include Alex Skene for product consultation, Camille Bouzerand for DeFi expertise, Aaron Mallet for marketing, and Taurai Ushewokunze for infrastructure. Mentors will provide guidance across gaming, product development, creative applications, and technical implementation. Registration remains open through the hackathon period, with submission deadlines set for August 4th at 01:59 BST. The judging period begins August 5th, followed by the demo day where finalists present to judges and the community. Developers can register and learn more at the official hackathon website. About Etherlink Etherlink is an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups technology. It empowers developers to smoothly deploy any EVM codebase and migrate users and assets from Ethereum and other interoperable chains, enabling seamless interaction and asset transfers across different networks. Learn more: About Encode Club Encode Club is a leading blockchain education and community platform that organizes hackathons, bootcamps, and educational programs to support the next generation of Web3 developers and entrepreneurs. Contact PR & Comms Trilitech
Yahoo
08-04-2025
- Business
- Yahoo
Lyzi Raises $1.4M to Expand Tezos-Based Crypto Payments Service for Retail
Tezos-based crypto payment hub Lyzi said it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform. The round included participation from angels investors Christopher Grilhault des Fontaines, founder of Dfns, and Jean-Luc Bernard, founder of Astek, according to an emailed announcement shared with CoinDesk on Tuesday. Lyzi, which is built on the Tezos layer-1 blockchain, allows consumers to use cryptocurrency to make everyday payments in retail and e-commerce environments. Merchants collect payments in cryptocurrency and receive fiat directly to their bank accounts. Following the seed raise, Lyzi's next step is launch on Tezos' layer-2, Etherlink, which is compatible with Ethereum Virtual Machine (EVM), the operating system of the world's second-largest blockchain. 'Our goal is to make accepting payments in crypto so easy that merchants have to ask themselves, 'Why wouldn't I do that?'" CEO Damien Patureaux said in Tuesday's announcement. Building on Etherlink represents the next phase of its journey to expand to more markets around the world, he said. Sign in to access your portfolio
