# ZenBTC

> Earn yield with Bitcoin on Solana (and EVM chains)

zenBTC is a Bitcoin LRT native to Solana (and EVM chains) secured by a decentralized multi-party computation network (dMPC) 

zenBTC aggregates restaking yield and converts that yield to Bitcoin using Thorchain so the token accretes value just by holding it.  The L1 Bitcoin is secured by a decentralized MPC network which delivering institutional grade security with no centralized counterparty risk. 

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2024-02-03
- Profile: https://thegrid.id/profiles/Zenrock

## Products

- [zrSign](https://thegrid.id/profiles/Zenrock): A cross-chain development toolkit that lets developers create wallet addresses and handle signing requests across multiple blockchain networks, using distributed MPC for security. (Developer Tooling, Early access)
- [zrChain](https://thegrid.id/profiles/Zenrock): A Cosmos SDK L1 that provides decentralized infrastructure for managing private keys and digital assets across multiple networks using multi-party computation.  The chain provides permissionless access to a decentralized MPC network and an on-chain policy engine to coordinate cross-chain activities.

$ROCK is the governance and utility token available on Cosmos and as an SPL token on Solana (March 2025) (Cross-chain Infrastructure, Live)
- [zenBTC mint](https://thegrid.id/profiles/Zenrock): A wrapped Bitcoin platform that maintains 1:1 BTC backing through Zenrock's decentralized multi-party computation infrastructure, enabling cross-chain transfers and yield generation while keeping Bitcoin on its native blockchain. (Liquid Staking, In Development, Main Product)

## Assets

- [ROCK Token (ROCK)](https://thegrid.id/profiles/Zenrock): ROCK is the governance token of zrChain, a Cosmos SDK blockchain providing decentralized infrastructure for cross-chain asset management. It is used for network security through staking, governance participation, and to secure services built on the platform. Validators stake ROCK as economic collateral through EigenLayer's restaking model, which can be slashed if they fail to properly execute cross-chain operations secured by multi-party computation. (Governance)
- [zenBTC (zenBTC)](https://thegrid.id/profiles/Zenrock): zenBTC is a wrapped Bitcoin token issued by Zenrock, deployed on Solana and Ethereum. It is used to access DeFi applications on multiple blockchains while the underlying BTC remains locked on the Bitcoin network. Unlike centralized wrapped Bitcoin alternatives, zenBTC uses distributed multi-party computation to split custody across independent nodes, so no single party controls the private key. (Wrapped Tokens)

## Links

- [Main](https://www.zenrocklabs.io)
- [Blog](https://medium.com/@Zenrockfoundation)
- [Main](https://www.zenbtc.io)
- [Whitepaper](https://zenrock-foundation-docs.s3.eu-west-1.amazonaws.com/Zenrock+Litepaper+v1.0_9.18.24.pdf)
- [Twitter / X](https://x.com/OfficialZenrock)
- [Discord](https://discord.com/invite/zenrockfoundation)
- [Telegram](https://t.me/officialZenrock)
- [Twitter / X](https://x.com/zenBTC_Official)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP