This comprehensive report explores the tokenized BTC’s emerging $17bn landscape, providing a deep dive into the evolution, drivers, and potential of tokenized BTC solutions. The research offers a comparative analysis of the current tokenization ecosystem examining key platforms like wBTC, cbBTC, tBTC, sBTC and others, highlighting both the innovative opportunities and inherent risks. The report argues that centralized exchanges and institutional investors will be primary catalysts for the widespread adoption of centralized bridges, while decentralized solutions target a massive $648 billion total addressable market. Ultimately, the study provides a forward-looking perspective on how tokenization is poised to catalyze DeFi with BTC liquidity.
[REPORT] December 2024
Written by Tanguy Girault, BBA Researcher
State of Tokenized BTC: A $1 Trillion Opportunity