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Wrapped Bitcoin (WBTC) is an ERC20 token that integrates Bitcoin's value onto the Ethereum blockchain, enabling its use within the decentralized finance (DeFi) ecosystem. This product allows Bitcoin to participate in Ethereum-based applications. Each WBTC is fully backed 1:1 by Bitcoin held in secure, auditable custody, with transparent on-chain proof of reserves.
The Wrapped Bitcoin project was collaboratively launched in January 2019 by a consortium including BitGo, Kyber Network, and Ren. Their key insight identified Bitcoin's substantial liquidity as isolated from Ethereum's burgeoning DeFi landscape. This initiative aimed to bridge that gap, providing a standardized, secure method for Bitcoin holders to access Ethereum-based protocols.
WBTC primarily serves users, from institutional investors to individuals, leveraging their Bitcoin holdings within lending, borrowing, and trading protocols on Ethereum. The long-term vision is to expand Bitcoin's utility beyond a store of value, solidifying its role as a foundational asset across interconnected blockchain networks.
WBTC has 1 tracked investment across 1 company. The latest tracked deal is $500K Pre-Seed in Resolv in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 21, 2026 | Resolv | $500K Pre-Seed | Funfair Ventures | Kyber Network, OCA Ventures, Orange DAO, Quantstamp, University OF Chicago, University OF Illinois |
