iBTC becomes part of Canton Network 24 March 2025US Reporter: Clelia Frondaroli
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iBTC, a wrapped bitcoin solution, will integrate onto the Canton Network, as part of a new collaboration with Canton.
The launch will bring bitcoin-based assets on chain, which the firm says will allow institutional counterparties to use them for initial margin (IM) solutions. It will further enable market users to deposit Bitcoin onto Canton by wrapping it into iBTC.
“At iBTC, we’re proud to offer institutions a secure way to tap Bitcoin as collateral, and joining the Canton Network is expanding our ability to do so,” says Aki Balogh, CEO and co-founder of iBTC.
Eric Saraniecki, head of network strategy, adds: “By delivering a scalable solution for Bitcoin-based margin flows with configurable privacy on the Canton Network, institutional counterparties can efficiently deploy BTC.”
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Image: TechSolution/stock.adobe.com 