What is Wrapped Bitcoin (Canton)?

CBTC is the first wrapped, 1:1 backed Bitcoin asset on the Canton Network, developed by the decentralized infrastructure provider BitSafe. Operating through a highly secure, non-custodial bridge, the protocol transfers native Bitcoin liquidity into the Canton ecosystem without relying on centralized intermediaries. The system utilizes a robust network of attestors and FROST threshold signatures, ensuring that no single entity can unilaterally control or move the deposited funds.

By transforming Bitcoin into a programmable digital asset, the platform allows financial institutions to utilize their holdings as effective collateral within advanced smart contracts. The wrapped token brings global, 24/7 liquidity to Canton’s private, legally binding settlement layers, unlocking new yield opportunities in structured products, margin trading, and lending. Serving as a crucial interoperability primitive, CBTC bridges the gap between traditional capital markets and decentralized Bitcoin finance.