Bitcoin is a Tier-1 protocol at Vault Edge, reflecting its foundational importance to our strategy and the broader crypto economy. Our approach to supporting the network is focusing on three key pillars: its Core Protocol (L1), its function as a premier Asset (BTC), and its potential as an Innovation Layer.

This report details the key initiatives we've launched to execute on this strategy, organized into two main areas that support these pillars.

First, we explore how we are Building the Future of Finance with Bitcoin. These efforts, which support our "Asset" and "Innovation Layer" pillars, leverage Bitcoin as a foundational asset for new products. This suite of offerings includes cbBTC, and Bitcoin-backed loans. Beyond advanced DeFi products, we are also bringing Bitcoin into everyday spending - the Vault Edge Card, which is designed to unlock new uses and broaden adoption.

Second, we detail our Protocol-Level Enhancements. This work supports our "Core Protocol (L1)" pillar and is designed to make Bitcoin more efficient, reliable, and scalable. These enhancements include our new, mempool-aware fee estimation service and our support for the Lightning Network.