According to Wu, Ignition announced the launch of FBTC, a full-chain Bitcoin asset pegged 1:1 to BTC, designed to increase Bitcoin's accessibility and utility. Cobo will serve as its initial custodian, using MPC addresses to manage users' BTC assets. Mantle, Antalpha Prime and Cobo are its first security council members. FBTC is already live on Ethereum and Mantle, and can be minted and destroyed by institutions and merchants that meet specific requirements and complete KYC/KYB procedures.