Asymmetric Research joins Stacks as core security contributor for sBTC

Stacks Foundation announced that security firm Asymmetric Research has joined its ecosystem as a key security participant, strengthening efforts around the Bitcoin Layer 2 solution.

According to a press release shared with Crypto.news, Asymmetric Research will support the security of sBTC, a new asset expected to launch later this year.

SBTC will allow developers to create decentralized financial applications using Bitcoin (BTC).

Asymmetric Research has extensive experience in securing high-profile blockchain projects, working with Wormhole (W), Solana (SOL) and Cosmos (ATOM). In its new role with Stacks (STX), Asymmetric will focus on overseeing the security of sBTC and will be part of the Stacks Signer Network.

This network consists of multiple parties responsible for safeguarding the process of moving Bitcoin into and out of the sBTC ecosystem.

sBTC

The sBTC asset will be backed 1:1 by Bitcoin, meaning each sBTC will represent one Bitcoin. This will allow users to interact with Bitcoin in decentralized applications without leaving the Bitcoin network.

This integration will allow Bitcoin to be used in decentralized finance, a financial system built on blockchain technology without the need for traditional intermediaries. The addition of Asymmetric strengthens Stacks’ security efforts, which include more than 30 enterprise node operators, including companies like BitGo, Blockdaemon, and Copper.

The decentralized nature of the network reduces the risk of relying on a single entity, providing a safer option for moving Bitcoin within the ecosystem.

Stacks Foundation has launched initiatives such as a bug detection program and ongoing audits to further enhance security, ensuring sBTC is protected on multiple levels once it goes live.