Native Bitcoin, Never Wrapped
Your collateral stays as native Bitcoin on the Bitcoin blockchain. Bitlendex does not wrap your BTC into WBTC or bridge it to another chain — avoiding the custody and tax complications that wrapping can introduce.
Secured by a 30-Node MPC Network
Your Bitcoin is held by a decentralized Multi-Party Computation (MPC) network of 30 nodes — including participants such as BitGo, Fireblocks, and NEAR validators. The signing key is split across them, so no single entity can move your funds.
- No single point of control — a threshold of independent nodes must cooperate to sign.
- Immutable contracts — the lending smart contracts have no admin keys, so loan terms can't be quietly changed.
- Independently audited — contracts have been reviewed by Certora, Thesis Defense, and Guvenkaya.
What If Bitlendex Disappears?
Because the contracts are immutable and your access is self-custodial, your Bitcoin is controlled by code — not by the company. Even if Bitlendex were compromised or shut down, you could interact directly with the smart contracts to repay and reclaim your collateral.
Want to confirm your collateral is really there? You can verify it yourself on the Bitcoin blockchain.
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