tBTC acts as Bitcoin (BTC) covered in an Ethereum wrapper, making it compatible on Ethereum’s blockchain for various purposes, such as decentralized finance, or DeFi. Users of tBTC can now mint the asset on crypto exchange CoinList.
“Larger investors and retail that maybe aren’t quite confident using a fairly new DApp can actually go into CoinList and wrap and unwrap tBTC the same way they do WBTC today,” Matt Luongo, CEO and founder of Thesis, the entity behind tBTC, told Cointelegraph. Keep is another project under Thesis that is involved with tBTC.