Lombard, a platform dedicated to building Bitcoin-based financial infrastructure, has announced its acquisition of BTC.b, the bridged Bitcoin asset on the Avalanche blockchain. The acquisition, initially reported by The Block, marks a significant step in integrating Bitcoin more deeply within the Avalanche ecosystem. BTC.b allows users to utilize Bitcoin within the Avalanche network, accessing decentralized finance (DeFi) applications and other functionalities. Under the new ownership, BTC.b will continue to operate on Avalanche, ensuring uninterrupted service for current users. Lombard plans to transition BTC.b to its own technology infrastructure, leveraging its expertise to enhance the security and efficiency of the bridged asset. This acquisition signals Lombard's commitment to expanding the utility of Bitcoin across various blockchain platforms. ```