Hassan Maishera
On Thursday, the Hedera Foundation announced via X that WBTC, the industry’s leading tokenized form of Bitcoin, is now live on the institutional-grade Hedera network. The integration of WBTC on Hedera is made possible in collaboration with Hedera Council member BitGo alongside industry-leading teams BiT Global, and LayerZero, bringing canonical WBTC to Hedera's fast-growing decentralized finance (DeFi) ecosystem.
Each WBTC on Hedera is fully backed 1:1 with Bitcoin held in BiT Global's secure custody, ensuring that every wrapped token is transparently verifiable, providing the same level of assurance that has made WBTC the dominant Bitcoin representation across decentralized finance.
The deployment of WBTC on Hedera introduces an entirely new class of liquidity to the network, creating opportunities for developers and users alike to access institutional-grade Bitcoin within Hedera’s DeFi ecosystem.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1613 at press time, down 10.5% over the last 24 hours.
