Our mission constantly challenges us to find innovative ways to accelerate the global adoption of crypto. kBTC builds on Bitcoin’s core strengths – security, scarcity and its role as a store of value – and further expands its utility, in DeFi and beyond.
kBTC is a fully supported, cross-network compatible ERC-20 token. Each kBTC token is fully backed 1:1 by an equivalent amount of Bitcoin and held securely in the custody of Kraken. Customers can check this for themselves at any time by inspecting our on-chain reserves.
kBTC can be used in decentralized applications (dApps) thanks to interoperability with networks like Ethereum and OP Mainnet (formerly known as Optimism).
Why KBTC?
We have always championed the transformative potential of Bitcoin, the original and most resilient digital asset ever created. Now, with kBTC, you not only get a wrapped token that lets you dive deeper into DeFi, you get over 13 years of Kraken’s industry-leading custodial infrastructure. This ensures that when you use kBTC, it is backed 1:1 by Bitcoin, stored securely and always accessible.
The Best Kraken Guard Procedures
Kraken’s full reserve practices and regulated framework provide an unparalleled level of security and trust. Each kBTC token is backed 1:1 by an equivalent amount of Bitcoin held at Kraken Financial, a Wyoming-licensed Special Purpose Depository Institution (SPDI).
Don’t trust – check!
Don’t take our word for it, see for yourself. We encourage you to inspect our on-chain reserves and independently verify the transparency and security we have built into kBTC:
Verify that kBTC is backed at 1:1
Security and transparency are at the heart of kBTC
The kBTC ERC-20 smart contract has been rigorously evaluated by Trail of Bits, an external security auditing firm. This audit involved a detailed review of our code base and client architecture, aimed at identifying and remediating any potential security vulnerabilities.
Benefits of kBTC
kBTC transforms Bitcoin’s utility by allowing it to seamlessly integrate with Ethereum, OP Mainnet and beyond, with plans to expand compatibility to additional networks, including non-EVM ecosystems.
Whether you are a developer looking to enhance your dApps with Bitcoin or an investor looking to expand your on-chain portfolio, kBTC provides a secure, fully supported solution that unlocks the unparalleled value and potential of Bitcoin across a wide range of ecosystems. Our day one launch partners include deBridge, Definitive, Gauntlet, ParaSwap, and Yearn.
Kraken’s commitment to the future of Bitcoin
With kBTC, we are bringing the power of Bitcoin to new networks, backed by the trust and security expertise that Kraken has established over the last decade. We believe kBTC strengthens Bitcoin’s position as the epicenter of crypto, allows crypto builders to explore new ways to use Bitcoin, and moves the entire ecosystem forward.
Join us on this journey as we push the boundaries of what’s possible with Bitcoin and ensure it remains the foundation of the crypto industry for generations to come.
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Geographic restrictions apply. These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of this information and shall not be liable for any errors, omissions or delays. in this information or for any loss, injury or damage resulting from its display or use. Kraken does not and will not endeavor to increase or decrease the price of any particular crypto-asset it makes available.
Some crypto products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection programs. The unpredictable nature of cryptoasset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply.
Custodial services provided by Kraken Financial, a Wyoming-licensed special purpose depository institution. Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC.
