CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to facilitate the deployment of ccBTC, a 1:1 Bitcoin reserve-backed token, on the CKB mainnet.
Cross-Chain Tokens (ccTokens) will issue ccBTC on the CKB main chain to introduce Bitcoin liquidity to the CKB mainnet. ccBTC is a token backed by a 1:1 Bitcoin reserve, and Cactus Custody will serve as the official custodian of the BTC assets, ensuring meticulous management of the Bitcoin reserves supporting ccBTC. Cactus Custody is a subsidiary of Matrixport and a licensed trust company in Hong Kong, complying with anti-money laundering and regulatory standards, and providing secure and efficient digital custody solutions.
Meanwhile, Meson Finance will serve as the designated cross-chain bridge for CKB Eco Fund, officially launching on the CKB mainnet and supporting ccBTC, enabling cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer 2. As a leading cross-chain service provider in the Bitcoin ecosystem, Meson Finance has already covered all mainstream public chains and Layer 2 networks in the market, providing cross-chain services for mainstream assets including BTC, ETH, and various stablecoins.
ccBTC will leverage the features of Nervos CKB and RGB++ protocol to ensure the secure flow of BTC within the Bitcoin ecosystem, empowering various DApps to use Bitcoin assets in scenarios such as DEX, decentralized lending, algorithmic stablecoins and derivatives markets, as well as widespread adoption in Lightning Network and Nostr social protocols.
From a technical perspective, ccBTC is the first compliant and custodial token issued on a UTXO platform outside of the BTC mainnet. Reserve addresses, balances, and transaction records can be publicly accessed and verified in real-time on the ccTokens website. The project adopts a multi-party confirmation mechanism in key processes such as mining, burning, and on-chain verification to ensure transparent and reliable cross-chain asset services. The governance model of ccTokens emphasizes checks and balances through a multi-institution framework, role and rights separation, and power delegation to prevent potential misconduct. In addition, the blacklist mechanism supports ongoing governance and compliance efforts.
This strategic partnership not only serves CKB and RGB++ protocol but also brings secure custody of Wrapped BTC assets to the entire Bitcoin ecosystem, helping to activate dormant BTC assets.
About Nervos CKB#
Nervos CKB is a leading BTC Layer 2 that uses the Cell model and PoW consensus mechanism to solve the scalability challenge of blockchain by separating transaction execution, consensus, and data availability through a modular architecture.
About Cactus Custody#
Cactus Custody is a subsidiary of Matrixport and a Hong Kong trust company that complies with anti-money laundering and regulatory standards, providing secure and efficient digital custody solutions. Cactus Custody is a leader in institutional-grade digital asset custody, supporting over 300 well-known clients including miners, exchanges, and funds.
About Cross-Chain Tokens (ccTokens)#
Cross-Chain Tokens (ccTokens) are pegged tokens, with each token backed by blockchain assets such as BTC in a 1:1 ratio. These tokens facilitate the seamless integration of various cryptocurrencies into the decentralized finance (DeFi) ecosystem. Qualified third-party custodians or validators fully support and protect all ccTokens.
About Meson Finance#
Meson Finance is a decentralized cross-chain channel based on Atomic Swap technology, supporting free circulation of BTC, ETH, and stablecoins on over 50 public chains and Layer 2 networks, aiming to provide users with secure, efficient, and low-cost cross-chain services.