This report introduces Hemi's convergence-layer model that unifies Bitcoin’s settlement security with Ethereum-grade programmability, without wrapped assets, custodial bridges, or weakened trust assumptions. Through Proof-of-Proof consensus and a Bitcoin-aware execution environment, it outlines how native BTC on Hemi can become productive capital while preserving the properties that made Bitcoin institutionally viable in the first place.
Designed for allocators, infrastructure teams, and risk committees, it provides a technical and economic framework for activating institutional BTC in a compliant, scalable manner, marking a shift from BTC as a passive store of value to that of programmable capital.