Babylon Integration with Ledger Makes Trustless Bitcoin Vaults More Accessible

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This marks a key milestone for native Bitcoin to become more secure and more easily used as collateral

Source: Babylon Labs

Babylon Labs and Ledger are pleased to announce a partnership to bring native Ledger signature support to Babylon Trustless Bitcoin Vaults (BTCVaults). This marks a significant milestone in bringing native Bitcoin closer to being used as collateral in a more secure and convenient manner. Through this collaboration, Ledger will serve as the secure signature layer for BTCVaults interactions, allowing users to authorize vault transactions directly from their Ledger devices via Clear Signing.

With Ledger's large user base, it naturally becomes the ideal partner to help expand the reach of BTCVaults to a broader audience. Currently, Ledger has sold over 8 million signature devices worldwide and is one of the most mainstream Bitcoin self-custody platforms. By integrating Clear Signing for BTCVaults within the Ledger ecosystem, users can now more conveniently use BTCVaults through their trusted hardware device, paving the way for wider adoption.

Babylon co-founder David Tse stated, "Bitcoin is the largest crypto asset, but much of it either requires relinquishing custody or relies on intermediaries to be used in digital finance. Trustless Bitcoin Vaults eliminate this bottleneck. Bitcoin remains on the Bitcoin chain, constrained by predefined conditions enforced through verification rather than trust. Through integrating Ledger's Clear Signing and connecting with the Ledger Wallet, this model becomes feasible for millions of self-custody users."

Clear Signing by Ledger is a key focus of this initial collaboration. Users will no longer need to approve obscure and complex transactions but can clearly view and understand the content they are authorizing directly on the Ledger device. This increased transparency is undoubtedly a key driver for wider adoption in the Bitcoin ecosystem, which relies on clarity and trust.

"What is the point of cryptocurrency if it's not self-custodied?" remarked Ledger's Chief Technology Officer Charles Guillemet. "And true self-custody is inseparable from uncompromising security. Babylon understands this well and has proactively partnered with us to advance this integration. Today, Babylon BTCVaults users can use a secure signer equipped with a secure screen in their security model, which is great news for their ecosystem."

In addition to BTCVaults, this partnership will also expand support for the Ledger ecosystem, including asset management and connectivity through the Ledger Wallet app, with plans to provide additional support for Babylon BTC staking. As part of a broader integration, Babylon's native asset BABY will also be supported, leveraging Ledger's secure infrastructure to provide a secure gateway for Babylon's growing suite of Bitcoin native products.

About Babylon

Babylon Labs is focused on unlocking trustless Bitcoin productivity, aiming to build a decentralized world secured by Bitcoin. Its latest achievement is Trustless Bitcoin Vaults, a new technical solution that enables native Bitcoin to be used in DeFi without the need for custodians, cross-chain bridges, or wrapped assets. Babylon has also launched a self-custody Bitcoin staking protocol, currently activating over $10 billion worth of native Bitcoin to secure PoS chains, Layer 2, data availability layers, and other decentralized systems. Bitcoin holders can earn staking rewards while maintaining full control of their Bitcoin.

About Ledger

Founded ten years ago in 2014, Ledger is a global leader in consumer and enterprise-grade digital asset security. Ledger provides hardware wallets and platforms, having sold over 8 million devices to consumers in 165 countries, supporting 10+ languages, and serving over 100 financial institutions and corporate brands. Ledger safeguards over 20% of the world's crypto assets.

Ledger is a digital asset solution designed for security. Ledger Donjon is the world's most respected offensive and defensive security team, considered a key force in protecting the digital asset realm. In 2023 alone, asset losses due to hacks, fraud, or mismanagement exceeded $14 billion, while Ledger's security capabilities provide its community with peace of mind and an uncompromising self-custody experience.