The native DeFi project BTCL, dedicated to unlocking the value of Bitcoin’s dormant assets, has officially announced the completion of a strategic financing round jointly backed by leading Bitcoin-focused venture firm Stillmark and prominent crypto investment institution Lemniscap. BTCL will soon launch on Tyche, the one-stop decentralized trading platform for the Bitcoin ecosystem. This cooperation not only injects professional capital and ecosystem resources into BTCL, but also marks a critical step in Bitcoin’s evolution toward the integration of “store-of-value + native DeFi.”

Targeting Bitcoin’s Structural Pain Points

As the cornerstone of the cryptocurrency market, Bitcoin commands a trillion-dollar market cap. However, its ecosystem has long suffered from a core pain point: the absence of native DeFi infrastructure. The majority of BTC assets remain passively held, lacking safe and transparent “value-accruing” pathways. Existing solutions mostly rely on cross-chain or sidechain technologies, which struggle to balance Bitcoin’s trustless native attributes with the practical needs of DeFi scenarios.

BTCL was born to address this dilemma. With the core mission of unlocking the latent value of Bitcoin’s stock assets, the project builds a “hold-to-yield” closed-loop ecosystem, filling the void of Bitcoin’s native DeFi infrastructure.

Unlike speculative rune assets or transferable cross-chain derivatives, BTCL is built on the Bitcoin mainnet’s UTXO model, establishing a native DeFi mining system. This allows BTC holders to generate continuous yields through liquidity contributions without reducing their holdings, upgrading Bitcoin from a “single store-of-value tool” into a diversified yield-generating ecosystem.

Leveraging the Tyche Ecosystem

BTCL has chosen to launch on Tyche Exchange, one of the most influential one-stop decentralized platforms in the Bitcoin ecosystem. Known as the “On-chain Binance for Bitcoin,” Tyche deeply integrates with Bitcoin’s ecosystem needs and delivers full-spectrum functionality.

Positioned as an ecosystem hub for Bitcoin and Runes assets, Tyche integrates issuance, trading, applications, and yield. Its core advantage lies in the deep compatibility of its technical architecture with the Bitcoin UTXO model — enabling programmability without relying on cross-chain solutions. All operations remain traceable on the Bitcoin mainnet, fundamentally eliminating black-box operations while ensuring both security and efficiency. Furthermore, Tyche’s mature ecosystem and compliance-driven roadmap will provide a solid foundation for BTCL’s issuance, circulation, and user adoption.

“The cooperation between BTCL and Tyche is a precise match of demand and capability,” said the Tyche platform lead. “Our mission is to provide native trading scenarios for BTCFi developers and users, and BTCL fills the long-standing gap of Bitcoin native DeFi. Together, we will accelerate the activation of Bitcoin assets.”

Top-tier Institutional Empowerment: Professional Capital Backing BTCL

BTCL is jointly supported by Stillmark and Lemniscap, receiving not only capital recognition but also multidimensional empowerment to strengthen its reliability and growth potential.

Stillmark, a pioneer in Bitcoin-focused VC, specializing in early-stage infrastructure and applications aligned with Bitcoin’s core narrative. Stillmark will open its ecosystem network to BTCL, connect developer communities and user flows, and provide compliance framework guidance based on its global regulatory experience.

Its investment lead stated: “BTCL builds DeFi capabilities directly on the Bitcoin UTXO model. This aligns perfectly with our conviction in Bitcoin-native innovation and positions BTCL as a potential benchmark for native DeFi.”

Lemniscap,as a leading early-stage crypto investment firm with over 100 portfolio projects, Lemniscap excels in token economics and liquidity strategy. It will empower BTCL through two main dimensions:

Deeply reviewing and optimizing BTCL’s tokenomics (deflationary mechanisms, mining release schedules) to ensure both incentive power and sustainability.

Leveraging its global liquidity network to support BTCL’s liquidity pool construction and trading expansion strategies, mitigating short-term volatility risks.

Vision: Driving Bitcoin into the “Native DeFi Era”

According to the BTCL core team, this launch and institutional empowerment is only the beginning. The long-term goal is to establish BTCL as a “foundational infrastructure project” for Bitcoin native DeFi. By continuously optimizing its mining and reward mechanisms, BTCL aims to attract more BTC holders into liquidity contribution, forming a virtuous cycle of “Bitcoin assets → DeFi applications → user yields.”

At the same time, BTCL will collaborate with Tyche, Stillmark, Lemniscap, and other partners to drive the standardization of Bitcoin native DeFi, creating a reference model for future ecosystem projects.

Currently, BTCL has completed its technical integration with Tyche Exchange. Details on issuance schedules and participation rules will be announced soon via official channels. The market expects BTCL to emerge as a “new engine” for activating Bitcoin’s liquidity ecosystem.

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