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View ChartWrapped Bitcoin (Canton) (CBTC) is a Bitcoin-backed digital asset issued by BitSafe and deployed on the Canton Network, where it functions as the network's first non-native asset. Each CBTC token is fully backed 1:1 by native BTC held in FROST threshold-signed lockboxes distributed across independent node operators, with on-chain reserves verified through Chainlink Proof of Reserve. The token is designed as institutional-grade collateral, bringing Bitcoin into regulated financial workflows on a privacy-enabled public blockchain. CBTC went live on the Canton Network on August 5, 2025, and is also referenced as deployed on BASE Blockchain in ERC-20, ERC-721, and ERC-1155 formats. Total and circulating supply stand at approximately 38.69 CBTC, with no applicable maximum supply, reflecting its nature as a fully backed wrapped asset rather than a capped emission token.
CBTC was built and issued by BitSafe, a team focused on decentralized, privacy-enabled digital asset infrastructure on the Canton Network. Mayank Sachdev, Associate Product Manager at BitSafe, authored the official CBTC launch announcement published on August 5, 2025. The project is closely tied to the broader Canton Network ecosystem developed by Digital Asset, whose Co-Founder Eric Saraniecki has spoken about Bitcoin's maturation as collateral and the role of tokenization on Canton. Yuval Rooz, Co-founder and CEO of Digital Asset and Canton Network CEO, is a prominent figure in the network's development. Billy Hult, CEO of Tradeweb, has also commented on Canton's approach to real-world financial market challenges. CBTC's decentralized attestation infrastructure is supported by node operators including Kiln and Figment.
Institutions mint CBTC by locking native Bitcoin, which is held in FROST threshold-signed lockboxes distributed across independent node operators. This decentralized custody model eliminates centralized intermediaries and reduces the risks associated with models like wBTC on Ethereum. The mint and redeem functionality, powered by the Bitsafe Attestor Network, allows bridging between native Bitcoin and CBTC tokens on the Canton Network. On-chain attestation via Chainlink Proof of Reserve verifies the 1:1 backing of wrapped tokens. Access is credential-based, with minter credentials for bridging operations and holder credentials for utilization. Canton's configurable privacy ensures transactions remain private between counterparties while maintaining an immutable audit trail, enabling real-time settlement and collateral mobility within regulated environments.
CBTC distinguishes itself by combining Bitcoin's liquidity with Canton Network's privacy and finality features, creating an asset specifically designed for financial institutions. Unlike traditional wrapped tokens, it uses a decentralized attestation model with independent node operators, removing centralized points of failure. The integration of Chainlink Proof of Reserve provides transparent, on-chain verification of backing. Canton's configurable privacy allows institutions to post and withdraw collateral in real time without exposing movements to the wider market, while preserving an immutable audit trail. This balance of transparency, auditability, and privacy addresses a core challenge in institutional finance, positioning CBTC as effective collateral for margin flows, trading, repo operations, and liquidity management. The asset also benefits from alignment with Canton Network's broader ecosystem of regulated financial applications.
CBTC is primarily used as institutional-grade collateral. Institutions can post it as initial or variation margin in privacy-protected bilateral or exchange-based trades, supporting automated intraday margin management. It also enables repo and treasury operations, allowing short-term financing and intraday liquidity convertible with tokenized real-world assets and stablecoins for T+0 repos without bridging vulnerabilities. CBTC supports collateral mobility use cases across the Canton Network, unlocking Bitcoin utility in projects delivered on the network. Its interoperability allows it to function within institutional workflows, including margin flows, trading, and liquidity management. The token is designed for regulated environments where privacy and auditability must coexist, making it suitable for financial institutions seeking to deploy Bitcoin in compliant, real-time settlement processes.
The CBTC ecosystem is expanding within the Canton Network, which is described as a privacy-focused blockchain powering tokenized assets for major financial institutions. BitSafe continues to develop decentralized infrastructure, and early adopters are exploring CBTC through credentials. The Canton Network ecosystem includes a wide range of participants such as 21shares, 57Blocks, 5N Loop Wallet, 7Ridge, 7Trust, ACME, Agentic Ledger, and AKASCAN, covering areas from ETPs and engineering to wallets, lending, and security. Developer resources have grown with the publication of the CBTC Quick Start guide on August 10, 2026, and the cbtc-lib code repository. CBTC became powered by Chainlink data standards on February 28, 2026, and continues to be listed across multiple market data platforms. The network's governance context includes the Global Synchronizer Foundation, with 7Ridge as a founding member.
CBTC is not mined through proof-of-work or staking. It is a wrapped asset minted by locking native Bitcoin. Institutions mint CBTC by depositing BTC into FROST threshold-signed lockboxes managed by independent node operators. The mint and redeem process is powered by the Bitsafe Attestor Network, which bridges native Bitcoin and CBTC tokens on the Canton Network. Access requires credential-based authorization, with minter credentials for bridging operations and holder credentials for utilization. Fees are transparent and aligned with economics shared among participants. There is no traditional mining or staking mechanism for CBTC; instead, supply is generated and destroyed through minting and burning based on Bitcoin deposits and redemptions, maintaining the 1:1 backing at all times.
Because CBTC operates on the Canton Network with credential-based access, holders should use wallets and custody solutions that support Canton-native assets and external party IDs, such as self-custodial browser-based wallets built around the Canton Coin Standard. Institutions should manage minter and holder credentials carefully, ensuring that bridging operations and utilization permissions are segregated and audited. Always verify the 1:1 backing through Chainlink Proof of Reserve and confirm contract addresses before interacting with any token. Use trusted validators and node operators for minting and redemption, and maintain an immutable audit trail of collateral movements. As with any digital asset, assess your own risk tolerance, stay informed about the project's development, and avoid sharing private keys or credentials with unauthorized parties.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for CBTC are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Wrapped Bitcoin (Canton) (CBTC) is $85,301.9. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated CBTC to USD rate at the top of BTCC’s price page. In terms of market scope, Wrapped Bitcoin (Canton) records a 24h trading volume of $17.22M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $3.23M. Its current circulating supply stands at 38.1 out of a maximum supply cap of ∞.
The price volatility of Wrapped Bitcoin (Canton) (CBTC) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (38.1) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Wrapped Bitcoin (Canton) (CBTC) hit an all-time high (ATH) of $105,141.83 on 2026-09-17 13:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $33,351.31 on 2026-08-04 15:55. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading CBTC futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($17.22M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s CBTCUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Wrapped Bitcoin (Canton), simply log into your BTCC account with USDT margin available, navigate to the CBTCUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for CBTCUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $85,301.9), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for CBTCUSDT with zero financial risk.
Trading Wrapped Bitcoin (Canton) (CBTC) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for CBTCUSDT, and review its live price ($85,301.9) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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