MatrixPort and exSat establish Comprehensive Strategic Partnership to Drive Bitcoin Ecosystem Innovation

Singapore,
Singapore,
September
18th,
2024,
Chainwire

MatrixPort,
a
leading
digital
asset
financial
services
platform
and
exSat,
a
breakthrough
Bitcoin
scalability
solution,
have
entered
into
a
comprehensive
strategic
partnership.
By
leveraging
their
respective
strengths,
they
aim
to
accelerate
the
growth
and
application
of
the
Bitcoin
ecosystem,
marking
the
start
of
a
new
era
in
Bitcoin
development.

MatrixPort,
a
global
one-stop
digital
asset
financial
services
platform,
brings
extensive
industry
experience,
robust
technology,
and
a
large
user
base
to
offer
secure,
convenient,
and
efficient
digital
asset
trading
and
wealth
management
services.
exSat
Network
focuses
on
developing
unique
scalability
solutions
for
Bitcoin.
Through
the
unique
On-Chain
UTXO
data
index,
1
second
instant
transaction
confirmation,
and
secure
asset
custody
solutions,
it
provides
the
Bitcoin
network
with
more
powerful
scalability,
functionality
and
interoperability, enabling
new
Bitcoin
application
scenarios.

This
powerful
collaboration
plays
to
the
advantages
of
both
parties
and
brings
multiple
benefits
to
the
Bitcoin
ecosystem.
MatrixPort’s
expertise
and
user
base
will
support
the
rapid
development
of
exSat,
while
exSat’s
innovative
technology
will
offer
MatrixPort
users
more
investment
options
and
a
superior
experience.
Together,
they
are
committed
to
driving
Bitcoin
adoption
and
utility,
revitalizing
the
Bitcoin
ecosystem,
and
creating
more
value
for
users
worldwide.

This
strategic
partnership
will
focus
on
the
following
key
areas:

Unlocking
Bitcoin
Liquidity:
Ushering
in
a
New
Era
of
BTCFi

Matrixport
will
provide
nBTC
on
the
exSat
platform,
a
new
Wrapped
BTC
version
of
the
product
that
is
1:1
anchored
with
Bitcoin.
They
plan
to
provide
5,000-10,000
nBTC
on
the
exSat
mainnet
to
boost
liquidity
and
support
exSat’s
PoW+PoS
consensus
mechanism.

The
issuance
of
nBTC
will
become
a
bridge
connecting
Bitcoin
and
the
exSat
ecosystem,
achieving
seamless
interoperability.
Users
can
convert
native
BTC
to
nBTC
via
MatrixPort
and
utilize
it
on
exSat
for
various
BTCFi
applications
such
as
staking,
lending,
and
trading.

The
issuance
of
nBTC
holds
significant
implications
in
a
context
where
94%
of
Bitcoin
has
already
been
mined:

• 
  Unlocking
  Bitcoin
  Liquidity:
  Bringing
  dormant
  Bitcoin
  assets
  into
  the
  DeFi
  space
  and
  injecting
  liquidity
  into
  the
  exSat
  platform.
• 
  Expanding
  Bitcoin
  application
  scenarios:
  Utilizing
  exSat
  as
  a
  bridge
  to
  open
  up
  broader
  application
  scenarios
  for
  Bitcoin.
• 
  Enhancing
  Bitcoin
  User
  Experience:
  Leveraging
  exSat’s
  efficiency,
  providing
  Bitcoin
  users
  with
  more
  convenient,
  fast,
  and
  cost-effective
  transaction
  and
  wealth
  management
  services,
  promoting
  the
  popularization
  and
  utility
  of
  Bitcoin.

Empowering
Innovation
and
Expanding
the
exSat
Mainnet
Ecosystem

MatrixPort
will
focus
on
driving
the
vigorous
development
of
innovative
dApp
applications
and
services
on
the
exSat
platform,
co-creating
a
more
open,
diverse
and
prosperous
Bitcoin
ecosystem.

Key
areas
of
focus
include:

• 
  BTCFi
  On-Chain
  Applications:
  Supporting
  the
  development
  of
  nBTC
  staking,
  trading,
  and
  lending
  applications
  on
  the
  exSat
  chain,
  offering
  users
  more
  diverse
  financial
  services
  and
  investment
  options
  while
  enhancing
  on-chain
  asset
  liquidity.
• 
  Real
  World
  Assets
  (RWA):
  Facilitating
  the
  tokenization
  of
  real-world
  assets,
  such
  as
  renewable
  energy
  assets,
  on
  the
  exSat
  platform,
  combining
  Bitcoin
  digital
  assets
  with
  RWAs
  to
  unlock
  new
  liquidity
  and
  value.
• 
  Cross-Chain
  Interoperability:
  Connecting
  exSat
  with
  the
  BTC
  ecosystem,
  and
  promoting
  a
  wider
  distribution
  of
  value.

This
strategic
collaboration
will
offer
ecosystem
developers
comprehensive
support,
including
technical
guidance,
marketing,
and
more,
helping
turn
their
innovative
ideas
into
reality
and
promoting
the
prosperity
of
the
exSat
ecosystem.
Together,
MatrixPort
and
exSat
will
create
more
value
for
Bitcoin
ecosystem
participants,
realizing
the
preservation
and
appreciation
of
digital
assets,
and
ensuring
sustainable,
decentralized,
and
secure
growth
for
Bitcoin.

Building
a
Secure
Bitcoin
Ecosystem
to
Protect
User
Assets

MatrixPort
and
exSat
recognize
that
security
is
the
cornerstone
of
Bitcoin
ecosystem
development.
They
will
collaborate
strategically
to
build
an
unbreakable
on-chain
security
defence,
safeguarding
user
assets.

The
partnership
will
integrate
MatrixPort’s
extensive
security
experience
and
exSat’s
leading
blockchain
technology
to
enhance
security
in
multiple
areas:

• 
  Multi-signature
  Technology
  Application:
  The
  two
  parties
  will
  jointly
  explore
  and
  apply
  more
  decentralized
  multi-signature
  technology
  to
  provide
  users
  with
  safer
  asset
  management
  solutions
  and
  ensure
  the
  safety
  of
  user
  assets.
• 
  Security
  Specification
  Formulation:
  The
  two
  parties
  will
  jointly
  formulate
  and
  promote
  BTC
  asset
  security
  specifications
  and
  risk
  control
  systems,
  improve
  the
  security
  awareness
  and
  prevention
  capabilities
  of
  the
  entire
  ecosystem,
  and
  jointly
  maintain
  the
  security
  of
  users’
  assets.
• 
  Security
  Monitoring
  Cooperation:
  exSat
  will
  use
  Matrixport’s
  rich
  security
  experience
  and
  resources
  to
  conduct
  comprehensive
  security
  risk
  monitoring
  of
  BTC
  assets
  issued
  on
  the
  exSat
  platform,
  identify
  potential
  risks
  and
  control
  risks
  in
  time,
  and
  ensure
  that
  the
  platform’s
  security
  meets
  the
  highest
  industry
  standards.

MatrixPort
and
exSat
firmly
believe
that
a
secure
and
reliable
Bitcoin
ecosystem
is
essential
for
users
to
participate
confidently
and
enjoy
the
value
and
opportunities
brought
by
Bitcoin.
Together,
they
will
continuously
improve
security
measures,
safeguard
user
assets,
and
promote
the
healthy
growth
of
the
Bitcoin
ecosystem.

About
exSat

exSat
is
dedicated
to
addressing
the
scalability
and
interoperability
challenges
of
Bitcoin.
By
implementing
a
Data
Consensus
Extension
Protocol
that
combines
Proof
of
Work
(PoW)
and
Proof
of
Stake
(PoS),
exSat
aims
to
enhance
BTC’s
data
consensus,
scalability,
security,
and
interoperability
within
the
ecosystem.
For
more
information,
visit exsat.network and
join exSat
on
X.

Contact

CMO
Tristan
Dickinson
exSat
[email protected]