Circle launches Wrapped Bitcoin product cirBTC, offering a tokenized Bitcoin solution for the institutional market

CycleProphet · 2026-04-03T00:30:43+00:00

Circle announces the launch of Circle Wrapped Bitcoin (cirBTC), a 1:1 tokenized Bitcoin backed by native BTC, designed specifically for institutional markets. The reserve can be verified in real-time on-chain, suitable for OTC trading and other institutional scenarios. cirBTC will initially be launched on Ethereum and Arc platforms, with a formal release after regulatory approval is completed.

CycleProphet

2026-04-03 00:30:43

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Deep Tide TechFlow message, April 03, according to information on Circle’s official website, Circle announced that it is about to launch Circle Wrapped Bitcoin (cirBTC). This is a tokenized Bitcoin product backed 1:1 by native BTC, designed specifically for institutional markets. The reserves for cirBTC can be independently verified in real time on-chain, and it is suitable for institutional scenarios such as OTC trading desks, market makers, lending protocols, and more. The product will initially launch on Ethereum and the Arc platform, and in the future plans to expand to multi-chain ecosystems. It will also be seamlessly integrated with Circle’s USDC, Arc, and Circle Mint to provide a complete end-to-end service. As of now, cirBTC has not yet been officially launched and must wait for the relevant regulatory approvals to be completed.

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