Bridges are one of the most exploited points in the crypto world, billions have been lost to hacks, bugs, and mismanagement. On DevvX, we’ve designed a different path forward: combining bailment partners with wrapped assets to eliminate common bridge vulnerabilities and align with institutional standards.
The Problem With Traditional Bridges
Most blockchain bridges follow a simple process:
Lock an asset on one chain.
Mint a wrapped version of it on another chain via a smart contract.
Rely on that smart contract to secure and release assets.
While effective in theory, this method leaves two big attack surfaces:
Smart contract exploits - Even well-audited contracts can be hacked.
Centralized custody risks - In some cases, the custodian managing the locked asset can mismanage or lose funds.
For institutions, there’s an additional problem: Many fiduciary frameworks outright prohibit using platforms that rely on smart contracts for asset custody.
DevvX’s Alternative: Bailment Partners
Instead of relying solely on code, DevvX uses bailment partners—entities that legally and operationally hold the underlying asset while maintaining:
A full verification node of the blockchain.
Legal obligation to return assets to users if the platform fails.
Insurance coverage from reputable firms (e.g., Lloyd’s of London).
When you hold a wrapped BTC on DevvX:
The BTC itself is stored with the bailment partner.
The partner maintains a full copy of the DevvX blockchain, ensuring transparency and immutability.
If DevvX were to go out of business, the partner could return your BTC directly—no multi-year bankruptcy wait, no partial recovery.
Why This Is Better Than Bridges
Institutional Compliance - Removes the smart contract risk that stops TradFi players from engaging.
Insurance-Backed Security - Losses from custodian hacks are covered.
User Protections - You retain a legal path to reclaim assets immediately if the platform fails.
No Multi-Year Lockups - Unlike bankrupt exchanges or compromised bridges, assets can be retrieved without lengthy legal battles.
The Takeaway
Bridges may be the norm, but they’re far from perfect. With bailment + verification nodes, DevvX is providing a safer, more institution-friendly way to move assets across ecosystems without exposing them to the biggest risks that have plagued crypto for years.