Canton Network and iBTC Collaboration Revolutionizes DeFi with Bitcoin Collateral
The partnership between Canton Network and iBTC marks a groundbreaking moment in the world of decentralized finance (DeFi). iBTC, a unique wrapped Bitcoin solution, is set to transform the landscape of institutional-grade security and liquidity within the DeFi space. By deploying on the Canton Network, iBTC opens up new possibilities for utilizing Bitcoin-based assets as collateral for over-the-counter (OTC) derivatives trading.
The integration of iBTC on Canton allows market makers to seamlessly deposit Bitcoin into the network by wrapping it into iBTC. This process enables institutional counterparties to engage in margin workflows, utilizing iBTC for initial margin (IM) and variation margin (VM) solutions in trading options and structured products. The configurable privacy features within Canton’s public network ensure that Bitcoin flows are visible only to designated market makers, enhancing confidentiality and security.
CEO and Co-Founder of iBTC, Aki Balogh, expressed pride in offering institutions a secure way to leverage Bitcoin as collateral through the Canton Network. This collaboration not only enhances privacy and liquidity but also streamlines margin needs for institutional traders. The integration of iBTC on Canton represents a significant step forward in institutional Bitcoin adoption in financial markets, providing a scalable solution for Bitcoin-based margin flows with configurable privacy.
Key features of the integration include:
– Bitcoin as Collateral: iBTC enables institutions to utilize Bitcoin for IM/VM in a secure and compliant manner.
– Institutional-Grade Privacy: Each market maker serves as their own iBTC bridge, ensuring secure and confidential Bitcoin transactions.
– Optimized Workflow: IM/VM cycles occur every 2-4 hours, allowing for seamless Bitcoin movements to meet margin requirements.
The rollout of iBTC on Canton will initially involve a select group of institutional counterparties, with plans to scale participation to firms processing $20-$50 million in daily trading volume. As part of the integration, iBTC will operate a Canton Network Validator, offering additional incentives and mining rewards to enhance transaction finality for institutional traders.
About iBTC:
iBTC Network’s decentralized wrapped Bitcoin provides a secure way to access DeFi with Bitcoin. Backed by leading node operators and merchants, iBTC ensures liquidity on Bitcoin Layer 1. Individual users can acquire iBTC through decentralized exchanges, while institutional users can swap into iBTC through trusted merchants in the iBTC network or mint iBTC following KYB.
Join the iBTC community and discover safe BitcoinFi options through their website and social media channels.
About Canton Network:
Canton Network is a public blockchain in the financial industry, offering on-chain privacy essential for the seamless movement of assets and capital on decentralized open rails. With over $3.6 trillion in tokenized assets on-chain, Canton’s institutional-grade scale synchronizes systems with configurable privacy and controls to unlock asset mobility across traditional finance and crypto ecosystems. Governed by the Global Synchronizer Foundation and supported by the Linux Foundation, Canton Network promotes organizational neutrality and fosters innovation.
Learn more about Canton Network on their website and stay connected with their latest updates.
In conclusion, the collaboration between Canton Network and iBTC represents a significant advancement in the DeFi space, offering institutional traders secure and efficient ways to leverage Bitcoin as collateral. With a focus on privacy, liquidity, and optimized workflows, this integration paves the way for increased institutional adoption of Bitcoin in financial markets. Explore the possibilities of iBTC on the Canton Network and join the growing community of innovative traders shaping the future of decentralized finance.
