[Lombard Finance Acquires Avalanche Cross-Chain Bitcoin Asset BTC.b] Bitcoin DeFi protocol Lombard Finance has acquired Avalanche's cross-chain Bitcoin asset BTC.b from Ava Labs. BTC.b, launched in 2022, currently has a market capitalization of approximately $502 million and has been integrated into multiple DeFi protocols such as Aave, BENQI, and LFJ. Under the new arrangement, BTC.b will continue to operate on the Avalanche platform, with its contracts, name, and integrations remaining unchanged, while transitioning to Lombard's technical infrastructure. Ava Labs stated that this move will help them focus on their core business.