Babylon integrates with Ledger to make it easier for more people to access Trustless Bitcoin Vaults

Title: Babylon Integrates with Ledger to Make Trustless Bitcoin Vaults More Accessible

Author: Babylon Labs

Source:

Repost: Mars Finance

Babylon Labs and Ledger announced a partnership to enable native Ledger signature support for Babylon Trustless Bitcoin Vaults (BTCVaults). This marks a significant step toward making Bitcoin safer and more convenient as collateral. Through this collaboration, Ledger will serve as a secure signing layer for BTCVaults interactions, allowing users to authorize vault transactions directly from their Ledger devices via Clear Signing.

Ledger’s large user base makes it an ideal partner to bring BTCVaults to a broader market. Currently, Ledger has sold over 8 million signature devices worldwide, making it one of the most mainstream self-custody platforms for Bitcoin. By integrating Clear Signing into the Ledger ecosystem for BTCVaults, users can more easily utilize BTCVaults with their trusted hardware devices, paving the way for wider adoption.

Babylon co-founder David Tse said, “Bitcoin is the largest crypto asset, but most of it either requires relinquishing custody or relies on intermediaries to use in digital finance. Trustless Bitcoin Vaults eliminate this bottleneck. Bitcoin remains on the Bitcoin chain, constrained by predefined conditions that are executed through verification rather than trust. With Ledger’s Clear Signing integration and connection to Ledger Wallet, this model becomes practical for millions of self-custodial users.”

Ledger’s Clear Signing feature is a key focus of this initial collaboration. Users will no longer need to approve obscure transactions but can instead clearly view and understand what they are authorizing directly on their Ledger device. This increased transparency is crucial for the Bitcoin ecosystem, which relies on clarity and trust, and will help promote broader adoption.

“If it’s not self-custody, what’s the point of cryptocurrency?” said Ledger CTO Charles Guillemet. “True self-custody requires uncompromising security. Babylon understands this well and has proactively partnered with us to advance this integration. Now, Babylon BTCVaults users can utilize a signature device equipped with a secure screen, the only one of its kind globally, which is a major win for their ecosystem.”

Beyond BTCVaults, this partnership will expand support within the Ledger ecosystem, including asset management and connectivity via Ledger Wallet app, and plans to support Babylon’s BTC staking. As part of this broader integration, Babylon’s native token BABY will also be supported, leveraging Ledger’s secure infrastructure to provide a safe gateway for Babylon’s growing suite of Bitcoin-native products.

About Babylon

Babylon Labs focuses on unlocking trustless Bitcoin productivity, aiming to build a decentralized world secured by Bitcoin. Its latest innovation, Trustless Bitcoin Vaults, is a new technical solution enabling native Bitcoin to be used in DeFi without custodians, cross-chain bridges, or wrapped assets. Babylon has also launched a self-custody Bitcoin staking protocol, which has activated 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 over their Bitcoin.

About Ledger

Founded in 2014, Ledger celebrates its 10th anniversary in 2024 as a global leader in digital asset security for consumers and enterprises. Ledger offers hardware devices and platforms, having sold over 8 million devices across 165 countries, supporting more than 10 languages, and serving over 100 financial institutions and commercial brands. Over 20% of all crypto assets worldwide are secured by Ledger.

Ledger is a security-focused digital asset solution provider. Ledger Donjon is the world’s most respected offensive and defensive cybersecurity team, regarded as a key protector of the digital asset space. In 2023 alone, asset losses due to hacking, fraud, or mismanagement exceeded $14 billion—yet Ledger’s security capabilities provide peace of mind and an uncompromising self-custody experience for its community.