We are excited to introduce KDDI, one of Japan’s leading telecommunications companies, as an official partner of Bifrost!
KDDI has joined Bifrost Network as a new validator, contributing to network validation and operations. Through this, it will play a key role in enhancing security and bridging Web2 and Web3.
The Significance of This Partnership
As one of Japan’s leading telecommunications companies, KDDI joining Bifrost Network as a validator further enhances the network’s decentralization and reliability.
As part of our commitment to decentralization, a fundamental principle of blockchain technology, Bifrost recently introduced the Bitcoin Relaying Protocol. This protocol ensures that the entire deposit and withdrawal process of native BTC is verified by a decentralized validator network, reinforcing security and transparency.
KDDI’s participation as a validator marks a significant milestone in strengthening Bifrost’s security and trustworthiness. Furthermore, it serves as a crucial turning point in Bifrost’s global network expansion, paving the way for broader adoption and increased decentralization.
About Our Partner — KDDI
KDDI is a telecommunication service provider in Japan, offering multitude of services to individual customers through its “au”, “UQ mobile” and “povo” brands, and to corporate customers through its “KDDI BUISNESS” brand.
In May 2022, KDDI had stated “KDDI VISION 2030: The creation of a society in which anyone can make their dreams a reality, by enhancing the power to connect”. Under this vision, KDDI is promoting its business strategy in the Mid-Term Management Strategy (FY2022–FY2025), defined as the “Satellite Growth Strategy”. With a focus on 5G communications, data-driven practices, and generative AI, KDDI will accelerate business growth by providing value-added services in the growth areas of DX, finance, energy, and life transformation (LX) which encompasses five areas of future growth (Mobility, Sports/Entertainment, Web3/Metaverse, Healthcare, and Space).
Placing “sustainability management” at the core, KDDI will aim to achieve the sustainable growth of society and the enhancement of corporate value together with our partners, by harnessing the “Satellite Growth Strategy” and strengthening the management base.
About Bifrost
Bifrost is a multi-chain Layer 1 network that supports both EVM and non-EVM environments, offering an optimized infrastructure for decentralized application (DApp) development.
BTCFi — The Core of Bifrost’s Ecosystem
One of Bifrost’s flagship services is BTCFi, designed to unlock Bitcoin’s liquidity in an optimal way. Users can borrow BtcUSD, a Bitcoin-collateralized stablecoin, by using BTC as collateral. This provides an opportunity to generate additional yield while holding Bitcoin. Learn more about BTCFi
Bifrost — A Fully Decentralized and Secure Blockchain Network
The CCCP (Cross-Chain Communication Protocol) and BRP (Bitcoin Relaying Protocol) ensure that all transactions within the network are verified by decentralized relayers. The validator network operates in a fully decentralized manner, ensuring trustless verification of transactions. A Multi-Sig-based Vault system guarantees secure asset storage within the network. Through this robust infrastructure, Bifrost has established itself as a highly secure and fully decentralized network, setting a new standard for blockchain-based financial services.
Bifrost’s Future and Roadmap
With the upcoming launch of the new BTCFi, KDDI’s integration as a validator marks a major achievement and a pivotal milestone for Bifrost.
This partnership not only strengthens Bifrost’s trust and security but also reinforces its long-term vision of providing a highly reliable and stable BTCFi service.
As we move forward, Bifrost will continue to enhance network security and reliability, ensuring its position as a key player in the blockchain ecosystem.
Join Our Journey!
- SNS: X(Bifrost) | X(BTCFi) | Discord
- Bifrost Network Ecosystem: Linktree
