According to Foresight News, digital asset financial services platform MatrixPort announced a comprehensive strategic partnership with Bitcoin scaling solution exSat. The two parties aim to leverage their respective strengths to accelerate the development and application of the Bitcoin ecosystem. Matrixport will offer nBTC on the exSat platform, a new Wrapped BTC version of the product that is pegged 1:1 to Bitcoin. Users can convert native BTC to nBTC through MatrixPort and use it on exSat for various BTCFi applications such as staking, lending, and trading. MatrixPort will also be committed to promoting the development of DApp applications and services on the exSat platform, including BTCFi on-chain applications, RWA, cross-chain interoperability, etc. exSat said the partnership will bring $300 million to $600 million worth of Bitcoin liquidity to exSat.

In addition, the two parties will also enhance security in areas such as multi-signature technology application, security standard formulation, and security monitoring cooperation.