Tyr Capital announced its strategic partnership with BOB and the bitvm/acc working group to advance the adoption of decentralized finance (DeFi) on Bitcoin. Tyr Capital will play a crucial role as a node operator in BOB’s BitVM deployment, helping to drive operational excellence and scalability in its decentralized financial ecosystem. BitVM, a novel approach to enabling smart contract capabilities on Bitcoin, is revolutionizing how the Bitcoin blockchain can be utilized beyond its traditional role as sound money. By introducing programmability akin to other smart contract platforms, BitVM unlocks new opportunities for yield generation, financial innovation, and broader adoption of Bitcoin within the DeFi space. This partnership aims to address the crucial requirement of aligning BitVM’s technological advancements with operational and business needs of institutional asset managers. By bringing together BitVM builders, Web3 businesses and institutions like Tyr Capital that will benefit from and help operate BitVM, bitvm/acc will ensure BitVM is developed in line with the business needs of both users and operators.