# Wrapped Bitcoin

> Do More With Your Bitcoin

Wrapped Bitcoin tokenizes Bitcoin on Ethereum and other blockchains, enabling full ERC20 compatibility and seamless integration with the DeFi ecosystem.

Wrapped Bitcoin brings Bitcoin to Ethereum and other blockchains through a transparent custodial model. Each WBTC token is backed 1:1 by actual Bitcoin, with on-chain proof of reserves. WBTC enables Bitcoin holders to participate in decentralized exchanges, lending protocols, and other DeFi applications while maintaining price exposure to Bitcoin.

- Type: Project
- Sector: Custody and Wallets
- Status: Active
- Founded: 2019-01-01
- Profile: https://thegrid.id/profiles/wbtc_network

## Products

- [Wrapped Bitcoin](https://thegrid.id/profiles/wbtc_network): WBTC implements tokenized Bitcoin across multiple blockchains, enabling Bitcoin integration with various DeFi ecosystems. The system verifies reserves through transparent on-chain proof while maintaining custody security through multi-signature contracts. Initially deployed on Ethereum as an ERC20 token, WBTC has expanded to other networks including Tron, Base, Osmosis, and Kava to increase Bitcoin accessibility across the blockchain landscape. (Cross-chain Infrastructure, Live, Main Product)

## Assets

- [Wrapped BTC (WBTC)](https://thegrid.id/profiles/wbtc_network): WBTC is a Bitcoin-pegged wrapped token issued by BitGo. It is used as collateral in lending markets, for liquidity provision in decentralized exchanges, and as a bridge asset for cross-chain transfers across multiple blockchains. The token maintains 1:1 backing with Bitcoin through a custodial model where merchants deposit BTC with BitGo to mint WBTC, with all reserves verifiable on-chain through transparent proof-of-reserve mechanisms. (Wrapped Tokens)

## Links

- [Main](https://wbtc.network)
- [Whitepaper](https://wbtc.network/assets/wrapped-tokens-whitepaper.pdf)
- [Twitter / X](https://x.com/WrappedBTC)
- [LinkedIn](https://www.linkedin.com/company/wrappedbtc)

## Relationships

- [Kyber Network](https://thegrid.id/profiles/kyber_network): Parent organization
- [BitGo](https://thegrid.id/profiles/BitGo): Parent organization

## Legal

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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