According to ChainCatcher, CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to deploy and issue ccBTC on the CKB mainchain and introduce Bitcoin liquidity to the CKB mainnet. Cactus Custody, a subsidiary of Matrixport, will serve as the official custodian of BTC assets to ensure the careful management of Bitcoin reserves supporting ccBTC. Meson Finance, a leading cross-chain service provider in the Bitcoin ecosystem, will serve as the designated cross-chain bridge of CKB Eco Fund, officially launch the CKB mainnet and support ccBTC, helping users realize the cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer2.
ccBTC is a token backed by a 1:1 Bitcoin reserve. It will leverage the Nervos CKB and RGB++ protocol features to ensure the safe flow of BTC between the Bitcoin ecosystem, helping various DApps use Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins and derivatives markets, as well as large-scale adoption scenarios such as the Lightning Network and Nostr social protocol.
