Circle launches Wrapped Bitcoin product cirBTC, offering a tokenized Bitcoin solution for the institutional market

DeepFlowTech · 2026-04-03T00:27:34+00:00

Circle announces the launch of Circle Wrapped Bitcoin (cirBTC), a 1:1 tokenized Bitcoin backed by native BTC, designed specifically for institutional markets. The reserve can be verified in real-time on-chain, suitable for OTC trading and other institutional scenarios. cirBTC will initially be launched on Ethereum and Arc platforms, with a formal release after regulatory approval is completed.

DeepFlowTech

2026-04-03 00:27:34

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Deep Tide TechFlow message, April 03, according to information from Circle’s official website, Circle announced that it is about to launch Circle Wrapped Bitcoin (cirBTC), a tokenized bitcoin product that is 1:1 backed by native BTC, designed specifically for institutional markets. The cirBTC reserves can be independently verified in real time on-chain, and it is suitable for institutional scenarios such as OTC trading desks, market makers, and lending protocols. The product will first go live on Ethereum and the Arc platform, and in the future plans to expand to multi-chain ecosystems, with seamless integration with Circle’s USDC, Arc, and Circle Mint to provide a complete end-to-end service. At present, cirBTC has not officially launched yet and must wait until the relevant regulatory approvals are completed.

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