The industry’s first migration of live digital asset infrastructure has successfully completed. Upgrading the infrastructure powering a live financial asset—while it remains in active use by customers and integrated systems—is not a routine exercise. It requires tight operational controls to manage risk and maintain continuity. Following @Lombard_Finance's acquisition of the wrapped Bitcoin asset BTC.b from @AvaLabs in October, BTC.b continues to operate without disruption and, as of yesterday, is now running on Lombard’s infrastructure. This type of live infrastructure transition mirrors the familiar challenges financial institutions face when modernizing core systems while keeping services running and risk tightly controlled. Cubist’s digital assets operating platform supports Lombard with institutional-grade security and operational controls for BTC.b. CubeSigner, Confidential Cloud Functions, and Bascule Drawbridge enable Lombard’s trust-minimized, multi-layered security model, powering secure self-custody, mint and burn, and cross-chain transfers without institutional gatekeepers. This is what production-grade digital asset operations look like when approached with rigor and accountability.