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BitVM Accelerated: BOB launches BitVM bridge on public testnet, announces BitVM/acc working group with major institutional partners

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Following the successful test of a bridge prototype in December, BOB’s bridge launch on public testnet marks a significant milestone for trust-minimized Bitcoin DeFiBOB has also launched the BitVM/acc Implementation Working Group with major institutional partners including ZeroSync, Babylon, Anchorage, Rockaway, and Others To Drive the Adoption of BitVM in 2025.

LONDON, Feb. 28, 2025 /PRNewswire/ — BOB (“Build on Bitcoin“), the hybrid Layer-2 combining Bitcoin‘s security with Ethereum‘s DeFi innovation, has officially launched its trust-minimized BitVM Bitcoin bridge on public testnet in collaboration with Fiamma.

This launch solidifies BOB as the home of Bitcoin DeFi, advancing its mission to provide secure, trust-minimized access to Bitcoin DeFi and yield. BOB’s bridge is powered by BitVM, a revolutionary system that enables off-chain program execution on Bitcoin with on-chain dispute resolution, similar to Optimism on Ethereum. BOB’s BitVM bridge allows secure BTC deposits and withdrawals on its hybrid Layer-2 without reliance on third-party custody or multi-sig bridges, ensuring funds remain secure as long as there is a single honest, online node. Unlike wBTC, cbBTC and other wrapped Bitcoin variants, Bitcoin bridged via BitVM is non-custodial and trust minimized.

Alexei Zamyatin, BOB Co-Founder and BitVM Core Contributor said: “Removing the need for third-party bridges to deploy Bitcoin across DeFi is a major step toward unlocking Bitcoin‘s trillion-dollar potential. On our path to create the most secure solution for Bitcoin in DeFi, we’ve gone from concept, to BitVM2 design, to prototype and now to public testnet in just a year. The Bitcoin renaissance is accelerating.”

Key Enhancements to the BitVM Bridge

BOB’s BitVM bridge has undergone other key improvements from the earlier test prototype, including:

Dispute resolution – where the BitVM bridge now has a challenge mechanism that ensures all transactions are completed correctly, significantly improving security and trust in the system.BOB’s BitVM smart contracts can now verify correct payments through an on-chain relay, double-checking them in the prover and also checking the correctness of BOB blocks and blockchain attestations.Integration of BitVM into BOB Gateway, BOB’s intents-based swaps system will allow for efficient deposits onto BOB and withdrawal of Bitcoin back to the Bitcoin mainnet.

BitVM/acc Implementation Working Group

BOB has also launched the BitVM/acc Implementation Working Group to accelerate BitVM’s adoption and ensure its practical integration across the Bitcoin DeFi ecosystem. This initiative brings together the brightest minds in the industry to refine BitVM’s functionality and unlock its full potential for both institutional and retail users.

Zamyatin continued: “BitVM is not just about tech. To succeed in creating a more secure Bitcoin DeFi environment, we must develop BitVM as a product – and the only way to do this is by collaborating with relevant stakeholders. BitVM/acc is a working group that brings together BitVM builders, Web3 businesses and institutions that will benefit and/or operate BitVM. Our mission is to accelerate BitVM adoption and ensure BitVM is developed in line with the business needs of both users and operators.”

Recognizing that widespread adoption requires collaboration across multiple sectors, BitVM/acc focuses on real-world implementation by uniting experts in staking, custody, liquidity provision, market making, research, and blockchain security. The goal is to develop BitVM not just as a technological breakthrough, but as a practical, widely adopted solution that meets the evolving needs of the Bitcoin DeFi landscape.

The accelerator serves as an open forum for industry leaders to collaborate on advancing Bitcoin bridging solutions and overcoming challenges that could hinder adoption. Membership is free and open to all interested parties, encouraging broad participation across the ecosystem.

Founding Members Include:

Institutional partners: Amber, Anchorage, Ankr, ChorusOne, Hex Trust, P2P, Rockaway, Unit410, UTXO, viaBTC Capital, WintermuteResearch partners: Babylon, Bitcoin Layers, BOB, Common Prefix, Fiamma, House of ZK, RiscZero, Succinct, ZeroSync

About BOB (“Build on Bitcoin“)

BOB (“Build on Bitcoin“) is a Hybrid Layer-2 blockchain that combines the best of Bitcoin and Ethereum to create the home for Bitcoin DeFi. The unique Hybrid L2 model merges the strengths of both ecosystems—Bitcoin‘s security and dormant capital, with Ethereum‘s DeFi innovation and versatility. By positioning BTC as the backbone of a new decentralised finance system, BOB can unlock new use cases and trillions in BTC liquidity. BOB uses BitVM to inherit security from Bitcoin and create trust-minimized bridges between BOB, Bitcoin, Ethereum, and other L1s. As a result, the Hybrid L2 does not need to rely on third-party bridges for interoperability, concentrating liquidity around Bitcoin instead of fragmenting it across chains. BOB is backed by leading investors such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.

Website | Twitter | Discord | Telegram

 

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SOURCE BOB (“Build on Bitcoin”)

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De¹ Introduces Tokenized Asset World on BNB Chain, Developing Financial Intelligence Across the Full RWA Financial Landscape

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NEW YORK, Oct. 19, 2026 /PRNewswire/ — De¹ is launching Tokenized Asset World on BNB Chain, the first domain-specific world under its Financial World Model (FWM). It introduces specialized financial intelligence designed to understand the full onchain RWA landscape, from trading and collateral to borrowing, credit, liquidation and agent activity, and apply that knowledge to real financial decisions.

Traditional finance moves assets through separate networks of brokers, custodians, clearing systems and lenders. Each institution sees a different part of the lifecycle, while transfers, reconciliation and collateral requirements add friction to capital deployment. Bringing assets onchain makes financial activity more programmable, but it does not automatically connect the knowledge held across trading, financing and risk systems.

De¹ is establishing Tokenized Asset World on BNB Chain, where that real-assets financial ecosystem already unfolds in live markets. PancakeSwap, ListaDAO, Venus, Binance Agent OS and BNB Agent SDK span public trading, collateralized lending, structured credit and authorized agent activity. These activities produce distinct signals: executed prices, liabilities, vault constraints, liquidations and the outcomes of agent actions.

Tokenized Asset World brings fragmented financial knowledge into a coherent, learnable model of the full RWA landscape. The domain model is designed to understand the relationships and consequences across financial operations, with verified execution outcomes continuously refining De¹’s understanding of onchain financial physics. This introduces a new layer of intelligence to BNB Chain, enabling a more complete understanding of the tokenized-asset stack across trading, collateral, credit, vaults and agent activity.

AI agents can tap into this intelligence to operate across tokenized-asset markets with a more comprehensive view of liquidity, borrowing conditions, collateral exposure and liquidation risk as a whole. This deeper market understanding could raise more sophisticated strategies, execution and risk decisions. Each agent interaction, in turn, generates new evidence for the model, creating a continuous feedback loop between financial intelligence and live market execution while strengthening De¹’s broader Financial World Model.

About De¹

De¹ is the intelligent infrastructure platform at the intersection of DeFi and AI, building the Financial World Model grounded in live execution and real market feedback. It serves developers, traders, institutions, and AI agents through intelligent execution, unified liquidity, reinforcement learning optimization, and a continuously evolving data flywheel.

Contact: Marketing, pr@de1.ai

View original content:https://www.prnewswire.co.uk/news-releases/de-introduces-tokenized-asset-world-on-bnb-chain-developing-financial-intelligence-across-the-full-rwa-financial-landscape-302912966.html

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Plata reaches $1 Billion ARR Milestone, becoming the fastest digital bank ever

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The Mexico based digital bank shatters traditional digital banking scaling timelines, reaching a $1 Billion Annual Recurring Revenue  in less than 3.5 years from launch

MEXICO CITY, Oct. 19, 2026 /PRNewswire/ — Plata, the world’s fastest growing digital financial institution, today announced that in September 2026 it has crossed $1 billion in Annual Recurring Revenue (ARR), reaching the milestone in less than 3.5 years from launch in April 2023 and less than a year after receiving its full banking license. Plata´s growth makes it the fastest digital bank in history to reach this benchmark, and puts it on par with some of the world’s fastest growing leading AI companies, underlining Plata’s own AI and tech capabilities.

Plata reaches this goal after having reached more than 4 million customers in Mexico and having launched operations in Colombia at the beginning of September. In Mexico, Plata is now the fourth credit card issuer in the country by number of customers, and the only digital bank with a full product suite including credit, debit, investments, and small business banking. Plata’s growth is also nearing profitability, which is expected to be reached for its Mexico business within the next 6 months.

Plata changed the rules by building a universal financial platform powered by its own technology from day one. By setting up its core banking system, the company proved that regulated financial institutions can scale at AI-like speed without undermining operating performance.

“By building our own technology from scratch, we proved that a bank can move at AI company speed without compromising anything. Now we are ready to accelerate our innovation, make finance effortless and accessible for everyone.” Neri Tollardo, CEO of Plata.

As digital adoption accelerates across Latin America, Plata´s performance sets a new benchmark for financial infrastructure scaling, financial adoption, and operational efficiency in emerging markets.

About Plata

Plata is the fastest-growing financial institution in Latin America and the largest private digital bank by customer volume. In less than three years, we reached a valuation of $3.1 billion with 4 million active credit card customers and crossed $1 billion in Annual Recurring Revenue (ARR). Backed by $1.5 billion in equity investment, 1.5 in financing, and a workforce that includes 800 in-house developers, in Banco Plata we have built our own technological ecosystem, which includes a core banking system, CRM, and an app focused on simplifying the financial experience.

View original content:https://www.prnewswire.com/news-releases/plata-reaches-1-billion-arr-milestone-becoming-the-fastest-digital-bank-ever-302912970.html

SOURCE Plata

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Trends International Announces Kenneth Smith as President and Chief Executive Officer

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Experienced executive to lead company’s next phase of retail, digital commerce and strategic growth

INDIANAPOLIS, Oct. 19, 2026 /PRNewswire/ — Trends International, LLC, a leading publisher and manufacturer of licensed posters, calendars, stickers, wall art and social stationery products, today announced that Kenneth Smith has been appointed President and Chief Executive Officer, effective May 2026.

Smith will spearhead the company’s overall strategic direction and growth initiatives across its retail, wholesale, e-commerce, licensing and direct-to-consumer businesses. In his role, Smith will oversee Trends International and its portfolio of digital businesses, including Art.com and AllPosters.com.

Smith’s appointment comes as Trends International enters a new phase of expansion focused on broadening its retail presence, accelerating e-commerce, strengthening strategic customer relationships, developing new products and licenses, and pursuing partnerships and business opportunities.

“I am honored to lead Trends International and build on the strong foundation established by the company, its founders and its talented employees,” said Kenneth Smith, “We have an exceptional portfolio of brands, licenses, products and customer relationships, and we see significant opportunities to grow the business. Our focus will be on strengthening our retail partnerships, accelerating our digital businesses, developing innovative products and creating new strategic opportunities that deliver value for our customers, consumers, licensors and partners.”

Expanding Retail and Digital Footprint
Under Smith’s leadership, Trends International will continue to invest in its core retail business while broadening its digital commerce capabilities.

The company is focused on deepening relationships with major retailers, expanding distribution, improving merchandising, and developing new product platforms designed to create incremental sales opportunities.

Trends will also continue to build Trends Digital, bringing together the company’s e-commerce capabilities and creating a platform for future digital growth and potential e-commerce acquisitions.

The company’s digital portfolio includes Art.com and AllPosters.com, providing consumers with access to millions of images, posters, prints, wall art, and complementary décor.

“Trends has a tremendous opportunity to build upon its heritage while positioning the company for the future,” Smith said. “We are focused on growth, but equally important is how we achieve that growth — through strong customer partnerships, disciplined execution, innovation and a culture that empowers our people to succeed.”

Strategic Priorities
Smith’s leadership agenda includes several key areas of focus:

Retail growth — Expand relationships and sales with major national retailers and specialty channels.Product innovation — Develop new product formats, displays and seasonal programs that create incremental retail opportunities.Digital commerce — Accelerate the growth of Trends Digital, Art.com and AllPosters.com.Strategic partnerships — Forge new licensing, brand and business partnerships that expand the company’s market opportunity.Operational excellence — Improve organizational alignment, processes, technology, and execution across the company’s businesses.Talent and culture — Build a high-performing organization focused on accountability, innovation, customer service and sustainable growth.

“Kenneth brings a strong combination of leadership, customer focus and business development experience to Trends International,” said Phil St. Jean, Founder and Co-Executive Chairman of Trends International. “His vision for the company and his commitment to our customers, employees and partners make him the right leader for this next chapter. We are excited about what the future holds for Trends International and its businesses.”

About Kenneth Smith
Kenneth Smith is an experienced business executive with a background in sales leadership, strategic account development, business development, customer relationships, and organizational transformation. Throughout his career, Smith has focused on developing strategic growth initiatives, building high-performing teams, and creating long-term partnerships with major customers and business partners.

As president and chief executive officer of Trends International, Smith is responsible for the company’s overall strategy, growth, organizational leadership and business performance.

About Trends International
Trends International, LLC is a leading publisher and manufacturer of licensed posters, calendars, stickers, wall art and social stationery products. Established in 1987, Trends built its business around strong partnerships between licensors, retailers and licensees. Today, the company delivers a broad portfolio of licensed and proprietary products distributed through major retail, specialty, and digital channels.

Art.com, acquired by Trends International in 2023, is a leading online specialty retailer of high-quality wall art and complementary décor. The business offers millions of images and products through its digital commerce platform and interactive visualization tools.

AllPosters.com, part of the Trends International family of businesses, offers consumers a broad selection of posters, prints and wall décor.

For more information about Trends International, Art.com, AllPosters.com or Kenneth Smith, contact:

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SOURCE Trends International

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