Wrapped Bitcoin Launches on Hedera With BitGo Support

Published at 2025-11-14 14:24:53

Hedera announced the launch of Wrapped Bitcoin (WBTC) on its network in an official update, with BitGo providing custodial support for the underlying BTC. The wrapped token gives BTC holders a way to move value into Hedera-native decentralized finance applications without liquidating their bitcoin, addressing rising demand for cross-chain liquidity solutions.

The integration could expand capital inflows and utility for HBAR by enabling lending, AMMs and yield strategies that accept WBTC. BitGo’s involvement may reassure institutional users by reducing custody friction, though wrapping introduces custody counterparty risk. Overall, the launch reinforces a broader industry trend of bridging major assets onto alternative chains to unlock new DeFi rails and liquidity pools.

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