CBTC

CBTC brings Bitcoin exposure onto Canton Network. Bitcoin itself lives on its own chain and cannot move to Canton, so CBTC works the way wrapped assets generally do: BTC is held in reserve by a custodial arrangement, and a corresponding amount of CBTC is issued on Canton. Holders gain an asset that tracks Bitcoin while living inside Canton's privacy-enabled contract system.

The practical benefit is composability. As a Canton-native instrument, CBTC can sit in Daml contracts, settle atomically against other Canton assets, and trade on venues like OneSwap without touching the Bitcoin chain for every transaction. Settlement finality and speed follow Canton's rules rather than Bitcoin's block schedule.

The structural caveat applies to every wrapped asset: CBTC is a claim whose value depends on the integrity of its backing and redemption process, not Bitcoin held directly in your own wallet. Anyone sizing a position should understand who custodies the reserve and how redemption works. On OneSwap, CBTC trades through funded AMM pools, and its pages report live reserves and fees rather than assuming parity with BTC.