Bitcoin

when

cbBTC

sBTC

New York, New York, December 18th, 2024, Chainwire 
The report, presented by the Bitcoin Builders Association, provides an in-depth look at the expansive tokenized BTC landscape, signaling a major opportunity for investors and builders
The <a href="https://bitcoinbuildersassociation.com/" rel="noopener noreferrer nofollow" target="_blank">Bitcoin Builders Association</a> today announced the release of a comprehensive research report titled "<a href="https://bitcoinbuildersassociation.com/tokenized-btc-report" rel="noopener noreferrer nofollow" target="_blank">State of Tokenized BTC: A $1T Opportunity</a>." This in-depth study, authored by Tanguy Girault, explores the rapidly evolving $17 billion tokenized BTC landscape and its potential to revolutionize the cryptocurrency industry.
Key findings from the report include:
<ul>
 <li>The tokenized Bitcoin market has the potential to unlock $950 billion in currently unproductive BTC liquidity.&nbsp;</li>
 <li>The current tokenized BTC Market Cap stands at approximately $16.9 billion, representing only 1.23% of the total BTC Market Cap, indicating significant growth potential.</li>
 <li>21 market participants are currently active or expected to launch in 2024, with 40% of these projects going live this year.</li>
</ul>
The report provides a comparative analysis of the tokenization ecosystem, focusing on key platforms such as <a href="https://www.coingecko.com/en/coins/wrapped-bitcoin" rel="noopener noreferrer nofollow" target="_blank">wBTC</a>, <a href="https://www.coinbase.com/cbbtc" rel="noopener noreferrer nofollow" target="_blank">cbBTC</a>, <a href="https://tbtc.network/" rel="noopener noreferrer nofollow" target="_blank">tBTC</a>, and <a href="https://www.stacks.co/sbtc" rel="noopener noreferrer nofollow" target="_blank">sBTC</a>. It highlights both the innovative opportunities and inherent risks associated with these solutions.
The report arrives at a critical moment when the financial world is reimagining Bitcoin's potential beyond traditional store of value narratives. Recent developments such as the launch of cbBTC and sBTC highlight a transformative shift, with institutions and innovators seeking to make Bitcoin more productive and versatile. The findings of this report underscore the growing appetite for technologies that unlock Bitcoin's latent economic potential.&nbsp;
"This research offers valuable insights into the future of Bitcoin and its integration with decentralized finance," said Tanguy Girault, report author and researcher at the Bitcoin Builders Association. "We believe tokenized BTC will be a game-changer for the industry, potentially catalyzing DeFi with Bitcoin liquidity."
The study predicts that centralized exchanges and institutional investors will drive the adoption of centralized bridges, while decentralized solutions target a massive $648 billion total addressable market.
The full report "State of Tokenized BTC: A $1T Opportunity" is now available on the Bitcoin Builders Association <a href="https://bitcoinbuildersassociation.com/tokenized-btc-report" rel="noopener noreferrer nofollow" target="_blank">website</a>.
 
About Bitcoin Builders Association:
Bitcoin Builders Association (BBA) is a community of seasoned Bitcoin enthusiasts and innovators dedicated to fostering the development of Bitcoin-based technologies. BBA aims to be a catalyst for innovation and a resource hub for those looking to build on Bitcoin. The association is committed to supporting the next generation of Bitcoin-based projects, believing that Bitcoin will form the foundation of the future internet. The BBA is also home to a longstanding <a href="https://subscribe.bitcoinbuildersassociation.com/" rel="noopener noreferrer nofollow" target="_blank">weekly newsletter</a> that highlights top projects and important news within the Bitcoin ecosystem, ensuring that members stay informed about the latest developments and opportunities in the ecosystem. 
<h5>Contact</h5>Leora Schreiber pr@marketacross.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

New Report Finds Tokenized BTC Landscape Worth $1T (18 Dec)

Chainwire

Other articles published on Dec 18, 2024

Weekly Article Recap: 11/25-11/29

Michael Saylor Praises US Crypto Czar David Sacks, Foresees Progress

Qubetics dVPN Shines as Litecoin ETFs and Filecoin Storage Dominate December: Are These the Best ...

Bitwise CIO Announces Huge Bullish Prediction for Bitcoin! Names Three Altcoins Apart from BTC!

ACT Price Drops 24%, Ponke Struggles at $0.42, While BTFD Coin’s $4.1M Presale Leads the Best Mem...

Bitcoin Price Rally to $500K Can be Triggered by This Phenomenon: Bitwise CIO

Join our free newsletter for daily crypto updates!