Bitcoin $BTC , wrapped in Cardano: $ADA new level of blockchain integration
In a recent video, Hoskinson detailed plans to use Bitcoin as a control layer for smart contracts and Cardano assets. Under this scheme, users will send Bitcoin to Cardano, which will then generate Bitcoin wrapped in Cardano. This feature is currently under development and demonstrates Cardano's commitment to deeper blockchain interoperability.
Hoskinson also emphasized the role of Midnight in managing KYC and AML requirements within the structure of Cardano's private smart contract. This update automates regulatory policies while preserving the identity of transactions as part of the asset. The integration reflects Cardano's adaptability to global compliance standards.
Hoskinson elaborated on how RWA on Cardano can meet regulatory requirements across different jurisdictions. By using stablecoins, the network aims to connect to major financial systems while supporting compliant government blockchain solutions.
