HONG
KONG, July 2, 2024 /PRNewswire/ -- Cross-Chain
Tokens (ccTokens) has partnered with the Nervos CKB Eco Fund to
launch ccBTC on the CKB main network, enhancing
Bitcoin liquidity within the CKB ecosystem. Backed by
a 1:1 Bitcoin reserve, ccBTC is managed by Cactus
Custody, a subsidiary of Matrixport. Cactus Custody is a licensed
trust company in Hong Kong that
adheres to strict anti-money laundering and regulatory standards
while providing digital custody
solutions.
Meson Finance, the official cross-chain bridge for the CKB Eco
Fund, will enable seamless cross-chain circulation of ccBTC across
major blockchains and BTC Layer2 networks. Meson Finance, a leading
provider of cross-chain services, supports all major public chains
and Layer2 networks and offers users access to assets like BTC,
ETH, and stablecoins.
ccBTC leverages the advanced capabilities of Nervos CKB and
RGB++ protocols to ensure secure BTC transfers within the
Bitcoin ecosystem. This integration will empower
decentralised applications (DApps) to utilise
Bitcoin assets, including decentralised exchanges
(DEX), lending platforms, algorithmic stablecoins, derivatives
markets, the Lightning Network, the Nostr social protocol, and
other large-scale use cases.
ccBTC is the first compliant and managed token issued on a UTXO
platform outside the BTC main network. Users can publicly verify
reserved addresses, balances, and transaction records in real time
via the ccTokens website. To ensure transparency and reliability,
the project employs a multi-party confirmation mechanism for
minting, burning, and on-chain verification. The ccTokens
governance model emphasises checks and balances through a
multi-agency framework, role and rights segregation, and
decentralisation to mitigate potential misconduct. Additionally, a
blacklist mechanism supports ongoing governance and compliance.
This strategic collaboration aims to strengthen the CKB and
RGB++ protocols and introduce securely managed Wrapped BTC assets
to the broader Bitcoin ecosystem, revitalising dormant
BTC assets.
About Nervos CKB
Nervos CKB is a pioneering BTC Layer 2 solution using the
Cell model and PoW consensus mechanism to address blockchain
scalability challenges. Its modular architecture separates
transaction execution, consensus, and data availability.
About Meson Finance
Meson Finance is a decentralised cross-chain bridge
leveraging Atomic Swap technology for seamless transfers of BTC,
ETH, and stablecoins across over 50 public chains and
Layer 2 networks. It offers efficient and
cost-effective cross-chain services.
About Cactus Custody
Cactus Custody, a subsidiary of Matrixport, is a Hong Kong-based trust company dedicated to
anti-money laundering and regulatory compliance. It provides efficient digital custody solutions. It
leads in institutional-grade digital asset custody, supporting over
300 high-profile clients, including miners, exchanges, and
funds.
About Cross-Chain Tokens (ccTokens)
Cross-Chain Tokens (ccTokens) are pegged tokens, each
backed 1:1 by blockchain assets like BTC. These tokens enable
seamless integration of various cryptocurrencies into
the decentralised finance (DeFi) ecosystem. All
ccTokens are fully supported and protected by qualified third-party
custodians or validators.
Disclaimer
The content of
this webpage is not investment advice and does not constitute an
offer, solicitation to offer, or recommendation of any investment
product. It is for general purposes only and does not consider your
needs, investment objectives, or specific financial circumstances.
Investment involves risk.
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SOURCE Matrixport