Dolomite Integrates $100M BTCcx as Collateral, Enabling Borrowing

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Dolomite has added $100 million in BTCcx-backed collateral to its on-chain lending market, leveraging Concrete’s infrastructure. BTCcx, issued on Ethereum by Concrete, represents Bitcoin held in custody by BitGo. This initiative extends the partnership from WLFI to Bitcoin via AssetCX. On-chain data reflects increasing DeFi activity, while the Fear & Greed Index remains in moderate territory. Borrowing against BTCcx collateral is now live.

Odaily Planet Daily reports that the decentralized trading and lending platform Dolomite has integrated $100 million in Bitcoin-backed collateral into its on-chain lending market via Concrete’s BTCcx infrastructure, and has now enabled borrowing against this collateral. BTCcx is an on-chain token issued and managed by Concrete, representing underlying Bitcoin held in custody by BitGo, and deployed on the Ethereum network. Concrete is responsible for the issuance and full lifecycle management of BTCcx, making it available as collateral for Dolomite’s actively managed borrowing positions—without requiring the underlying Bitcoin to be sold or removed from custody. This deployment, following the earlier integration of WLFIcx, expands the partnership between Concrete and Dolomite from WLFI to Bitcoin, bringing Bitcoin assets into Dolomite’s lending market through the AssetCX architecture.

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