CKB Eco Fund, Cross-Chain Tokens, and Meson Finance have reached a tripartite strategic cooperation to facilitate the issuance of ccBTC on the CKB main chain

2024-06-24 16:17:00

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ChainCatcher news, the CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to facilitate the deployment of ccBTC on the CKB main chain, introducing Bitcoin liquidity to the CKB mainnet. Matrixport subsidiary Cactus Custody will serve as the official custodian of BTC assets, ensuring meticulous management of the Bitcoin reserves backing ccBTC. Leading cross-chain service provider Meson Finance will act as the designated cross-chain bridge for the CKB Eco Fund, officially launching on the CKB mainnet and supporting ccBTC, helping users achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer 2.

ccBTC is a token backed by a 1:1 Bitcoin reserve, which will leverage the features of the Nervos CKB and RGB++ protocols to ensure the secure flow of BTC between the Bitcoin ecosystem, enabling various DApps to utilize Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins, and derivatives markets, as well as in large-scale adoption scenarios like the Lightning Network and Nostr social protocol.

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