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ccTokens cooperates with CKB Ecosystem Fund and Meson Finance to jointly issue ccBTC backed by 1:1 BTC reserves on the CKB mainnet

Odaily News According to official news, Cross-Chain Tokens (ccTokens) announced a strategic cooperation with Nervos CKB Eco Fund, and will issue ccBTC on the CKB main chain to introduce BTC liquidity to the CKB main network. In addition, the cross-chain service provider Meson Finance will serve as the official cross-chain bridge designated by CKB Eco Fund, officially launch the CKB main network and support ccBTC, helping users to achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer2. It is reported that ccBTC is a token supported by 1:1 Bitcoin reserves. Cactus Custody will serve as the official custodian of BTC assets to ensure the meticulous management of Bitcoin reserves supporting ccBTC; the reserve address, balance and transaction records can be publicly accessed and verified in real time on the ccTokens website. Cactus Custody is a subsidiary of Matrixport and a compliant and licensed trust company in Hong Kong. It complies with anti-money laundering and regulatory standards and provides safe and efficient digital custody solutions. ccBTC will leverage the features of Nervos CKB and RGB++ protocols to ensure the safe flow of BTC in the Bitcoin ecosystem and help various DApps use Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins and derivatives markets, as well as large-scale adoption scenarios such as the Lightning Network and Nostr social protocol. The governance model of ccTokens emphasizes checks and balances through a multi-institutional framework, role and rights isolation, and decentralization to prevent potential misconduct. The project adopts a multi-party confirmation mechanism in key processes such as mining, destruction, and on-chain verification to ensure that cross-chain asset services are transparent and reliable. In addition, the blacklist mechanism supports ongoing governance and compliance work.
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