The token ccBTC, which is backed by a 1:1 Bitcoin reserve, has been launched on the CKB mainnet
ChainCatcher News, the token ccBTC, backed by a 1:1 Bitcoin reserve, has been launched on the CKB mainnet. ccBTC is meticulously managed by Matrixport subsidiary Cactus Custody as its BTC asset custodian to ensure careful management of the Bitcoin reserves supporting ccBTC. Leading cross-chain service provider in the Bitcoin ecosystem Meson Finance serves as a designated cross-chain bridge for CKB Eco Fund and officially supports ccBTC on the CKB mainnet, helping users achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer2. Until July 31st, all users can enjoy free cross-chain experiences through this bridge.
ccBTC will utilize Nervos CKB and RGB++ protocol features to ensure safe movement of BTC within the Bitcoin ecosystem, aiding various DApps in using Bitcoin assets. Previously, CKB Eco Fund announced strategic cooperation with Cross-Chain Tokens (ccTokens) and Meson Finance to facilitate deployment and issuance of ccBTC on the CKB main chain, introducing bitcoin liquidity into the CKB mainnet.
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