Avalon Labs will use the funding from YZi Labs to advance its goal of turning Bitcoin from a store-of-value cryptocurrency into an active financial asset by expanding access to BTC-backed products globally

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The goal is to turn Bitcoin, historically used as a store of value, into an active financial asset with direct applications in the digital economy. This partnership aims to drive adoption of Bitcoin-backed financial products and open new liquidity opportunities without requiring holders to sell their underlying BTC.