We’re excited to share that Babylon is beginning joint research with @Parataxis_Korea to define what BTC Treasury 2.0 looks like using Trustless Bitcoin Vaults. Parataxis operates through a Bitcoin DAT structure, enabling institutional BTC treasury management with strong legal and compliance foundations. Our collaboration will explore how these treasuries can transition from passive reserves to productive BTC deployed trustlessly through our vaults protocol. The goal is simple: Study how a Bitcoin DAT can safely generate sustainable on-chain returns without ever relying on bridges, wrappers, or custodians. This is a research-driven initiative ahead of vaults going live, designed to rigorously test operational models, risk frameworks, and economic outcomes for institutional-scale BTC treasuries. More details, including offline investor sessions later this month, will follow.