Lombard makes the ending of BTC.b different! Avalanche handed BTC.b over to Lombard, which is not just a technical migration, but more like a transfer of power. The issue with Bitcoin on-chain has never been a lack of liquidity, but rather a lack of trust-level infrastructure. In the past, BTC.b was part of Avalanche, with a circulation scale of over 500 million dollars, integrated into mainstream protocols like Aave and GMX, but its cross-chain and custody mechanisms were still a centralized semi-closed model. After Lombard took over, this structure was completely rewritten. A security alliance of 15 institutions replaced the original Warden nodes, with Cubist responsible for the key signing layer and Chainlink CCIP providing real-time reserve verification. More importantly, BTC.b is no longer a single-chain asset, but has become a multi-chain standard. It will simultaneously launch on ecosystems like Ethereum, Solana, and MegaETH. For developers, this is the first time they can seamlessly access real Bitcoin liquidity; for institutions, this is a structure that can be audited and recognized by compliance systems. In the long cycle of Bitcoin financialization, this acquisition is a signal: The logic of infrastructure is reversing. In the past, on-chain assets had to connect to Bitcoin; Now Bitcoin has to connect to on-chain. The story of BTC.b is just beginning. #KaitoYap @KaitoAI #Yap $BARD @Lombard_Finance