# TeleSwap > The Ultimate Bitcoin Bridge TeleSwap is a cross-chain infrastructure protocol for bridging Bitcoin assets. It lets users move BTC and Bitcoin-based tokens across multiple blockchains using trustless light-client verification. TeleSwap is a cross-chain settlement protocol that enables trustless bridging of Bitcoin and Bitcoin-based tokens across multiple blockchains, including EVM-compatible networks and non-programmable chains. It is built to give Bitcoin holders a way to move and exchange their assets without relying on centralized custodians or wrapped-asset intermediaries. The protocol targets users seeking self-custodial access to decentralized finance using native Bitcoin. The system verifies Bitcoin transactions directly on destination chains through light-client technology, removing the need for oracles or centralized validators. Economic security is provided by lockers, trustless custodians who post collateral exceeding the value of the Bitcoin they hold; misbehavior results in collateral being slashed and redistributed to affected users. This design addresses the liquidity fragmentation and custodial risk associated with centralized bridges and exchanges. TeleSwap's core offering is its Bitcoin bridge, complemented by swap functionality and yield-generating liquidity products for Bitcoin holders. It has published a protocol audit and supports a native utility token used within the ecosystem. The platform is used by holders and traders seeking to move Bitcoin across chains and participate in decentralized finance without surrendering custody of their assets. - Type: Company - Sector: Infrastructure - Status: Active - Founded: 2022-10-01 - Profile: https://thegrid.id/profiles/teleswap ## Products - [TeleSwap Bridge](https://thegrid.id/profiles/teleswap): TeleSwap Bridge is a decentralized bridge protocol that moves Bitcoin and Bitcoin-based tokens to and from multiple EVM-compatible chains and TON. It uses light-client verification to validate Bitcoin transactions on-chain, removing reliance on oracles or centralized validators, while custodial nodes post collateral that is slashed if they act dishonestly. Users can bridge assets, swap Bitcoin assets directly against other tokens through an integrated automated market maker, and stake the protocol's utility token to earn a share of network fees. (Bridge, Live, Main Product) - [TeleOrdinal](https://thegrid.id/profiles/teleswap): TeleOrdinal is a cross-chain marketplace for Bitcoin-based non-fungible tokens and Bitcoin-native tokens, extending their trading beyond Bitcoin to EVM chains. It relies on the same underlying Bitcoin bridge infrastructure to verify ownership transfers, letting sellers on Bitcoin prove a transfer before funds are released on an EVM chain. Buyers on EVM chains can purchase these Bitcoin-native collectibles using ERC-20 tokens, while sellers can receive payment without leaving the Bitcoin network. (Live) ## Assets - [Teleport System Token (TST)](https://thegrid.id/profiles/teleswap): TST is the utility token of TeleSwap, a trustless Bitcoin bridging protocol built on TeleportDAO infrastructure. It is used to reward relayer nodes that submit Bitcoin block headers to target chains, to vote on protocol governance decisions, and to pay transaction fees within the ecosystem. Holders can stake TST to earn a share of protocol fees, with rewards distributed based on which Locker they support. (Utility) - [teleBTC (TELEBTC)](https://thegrid.id/profiles/teleswap): teleBTC is a wrapped Bitcoin token issued by TeleSwap, backed by collateral posted by Lockers rather than a centralized custodian. It is used to represent BTC value on other blockchains, allowing holders to mint it by locking native BTC and burn it to redeem BTC back on the Bitcoin network. Unlike centrally custodied wrapped Bitcoin tokens, teleBTC relies on a light-client bridge and slashing of over-collateralized Lockers to secure its peg without a trusted third party. (Wrapped Tokens) ## Links - [Main](https://teleswap.xyz) - [Documentation](https://docs.teleswap.xyz) - [Blog](https://blog.teleswap.xyz) - [Twitter / X](https://x.com/tele_swap) - [LinkedIn](https://linkedin.com/company/teleportdao) - [GitHub](https://github.com/TeleportDAO) - [Discord](https://discord.com/invite/2mYJBB9bGR) - [YouTube](https://www.youtube.com/@teleswap_tst) - [Telegram](https://t.me/teleswap_chat) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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