Native DeFi project BTCL, dedicated to unlocking the value of Bitcoin’s dormant assets, has officially announced the completion of a strategic funding round jointly backed by Stillmark, the leading Bitcoin-focused venture capital firm, and prominent crypto investment institution Lemniscap. BTCL will soon launch on Tyche, the unique 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 towards the integration of “store of value + native DeFi”.
Targeting Bitcoin’s Structural Pain Points
As the cornerstone of the cryptocurrency market, Bitcoin has a trillion-dollar market capitalization. However, its ecosystem has long suffered from a major problem: the lack of native DeFi infrastructure. The majority of BTC assets remain passively held, lacking secure and transparent “value creation” pathways. Existing solutions rely primarily on cross-chain or sidechain technologies, which struggle to balance the native trustless attributes of Bitcoin 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 is building a closed-loop “yield-holding” ecosystem, filling the gap in Bitcoin’s native DeFi infrastructure.
Unlike speculative rune assets or cross-chain transferable derivatives, BTCL is built on the UTXO model of the Bitcoin mainnet, establishing a native DeFi mining system. This allows BTC holders to generate ongoing returns through liquidity inflows without reducing their holdings, thereby transforming Bitcoin from a “single store of value tool” to a diverse yield-generating ecosystem.
Leveraging the Tyche ecosystem
BTCL has chosen to launch on Tyche Exchange, one of the most influential single decentralized platforms in the Bitcoin ecosystem. Known as “Binance on-chain for Bitcoin,” Tyche deeply integrates with the needs of the Bitcoin ecosystem and offers full-spectrum functionality.
Positioned as an ecosystem platform for Bitcoin and Runes assets, Tyche integrates issuance, trading, applications and yield. Its main advantage lies in the deep compatibility of its technical architecture with the Bitcoin UTXO model, enabling programmability without resorting to cross-chain solutions. All operations remain traceable on the Bitcoin mainnet, fundamentally eliminating black box operations while ensuring both security and efficiency. Additionally, Tyche’s mature ecosystem and compliance-focused roadmap will provide a solid foundation for the issuance, circulation and user adoption of BTCL.
“The cooperation between BTCL and Tyche perfectly matches the demand and capabilities,” said the head of the Tyche platform. “Our mission is to provide native trading scenarios for BTCFi developers and users, and BTCL fills the long-standing void of Bitcoin native DeFi. Together, we will accelerate the activation of Bitcoin assets.”
Leading Institutional Empowerment: Professional Capital Supports BTCL
BTCL is jointly supported by Stillmark and Lemniscap, benefiting not only from capital recognition but also from multi-dimensional autonomy to strengthen its reliability and growth potential.
Stillmark, a Bitcoin-focused venture capital pioneer specializing in startup infrastructure and applications aligned with the core Bitcoin 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 manager said: “BTCL is building DeFi capabilities directly on the Bitcoin UTXO model. This aligns perfectly with our belief in Bitcoin native innovation and positions BTCL as a potential benchmark for native DeFi.”
Lemniscap, as a leading early-stage crypto investment company with 100+ portfolio projects, Lemniscap excels in token economics and liquidity strategy. It will make BTCL responsible through two main dimensions:
Thoroughly review and optimize BTCL tokenomics (deflationary mechanisms, mining release schedules) to ensure both incentive power and sustainability.
Leverage its global liquidity network to support BTCL’s liquidity pool construction and trading expansion strategies, thereby mitigating short-term volatility risks.
Vision: Bringing Bitcoin into the “Native DeFi Era”
According to the BTCL core team, this launch and institutional empowerment is just the beginning. The long-term goal is to make BTCL a “fundamental infrastructure project” for Bitcoin’s native DeFi. By continuously optimizing its mining and reward mechanisms, BTCL aims to attract more BTC holders to contribute to liquidity, thereby forming a virtuous cycle of “Bitcoin assets → DeFi applications → user returns”.
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 broadcast schedules and participation rules will be announced soon via official channels. The market expects BTCL to emerge as a “new engine” to enable Bitcoin’s liquidity ecosystem.
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