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Circle Launches cirBTC, a Tokenized Bitcoin Product for Institutional Markets

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Circle announced the upcoming launch of cirBTC, a tokenized Bitcoin product designed for institutional adoption, backed 1:1 by native BTC. The reserve is transparent and verifiable on-chain in real time. It is targeted at OTC trading desks, market makers, and lending protocols. cirBTC will initially launch on Ethereum and the Arc platform, with multi-chain expansion planned. It integrates with USDC, Arc, and Circle Mint. The product requires regulatory approval prior to launch. This move brings new Bitcoin-related developments to institutional markets.

According to Circle’s official website, Circle has announced the upcoming launch of Circle Wrapped Bitcoin (cirBTC), a 1:1 tokenized Bitcoin product fully backed by native BTC, designed specifically for institutional markets. The reserves backing cirBTC can be independently verified on-chain in real time, making it suitable for institutional use cases such as OTC desks, market makers, and lending protocols. The product will initially launch on Ethereum and the Arc platform, with future plans to expand across multiple blockchains and seamlessly integrate with Circle’s USDC, Arc, and Circle Mint to deliver a complete end-to-end solution. cirBTC is not yet live and is subject to regulatory approvals.

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