EMURGO, the blockchain project advancing Web3 adoption on the Cardano blockchain, has announced a strategic collaboration with BitcoinOS (BOS), a smart contract operating system built for Bitcoin. This partnership aims to provide Cardano DeFi users with access to Bitcoin’s $1.3 trillion capital without relying on third-party intermediaries.

The initial technical collaboration involves integrating the BOS Grail bridge into Cardano’s open-source framework, utilizing BOS’s BitSNARK verification protocol. This enables secure and trustless transfers of Bitcoin and associated assets into Cardano.

Cardano becomes the first Layer-1 blockchain to leverage BOS’s scalability and programmability for Bitcoin, allowing DeFi dApps to incorporate trustless BTC functionality. EMURGO CEO Ken Kodama highlighted the potential for new cross-chain capabilities and a more interconnected Web3 environment, driving innovation and DeFi adoption.

Despite the promising collaboration, ADA's market performance remains underwhelming, trading below $0.35.