Share this article
BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.
By Zack Voell
Updated Sep 14, 2021, 10:52 a.m. Published Jan 6, 2021, 12:59 a.m.
BitGo's Ethereum-based tokenized bitcoin project, Wrapped Bitcoin (WBTC), has expanded to its second blockchain, Tron. The crypto custodian has also launched Wrapped Ether (WETH) on Tron as well.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- BitGo clients are already minting WBTC and WETH as TRC-20 tokens on Tron, according to the company's public orderbooks.
- After a few test mints executed by BitGo in mid-December, nearly 100 BTC (roughly $3.4 million at current prices) have been wrapped and minted as TRC-20 WBTC tokens by Alameda Research and CoinList.
- Alameda also minted 1 WETH on Tron Tuesday morning. The trading firm's TRC-20 WBTC and WETH mints were made to meet over-the-counter (OTC) client demand and test the new product, Alameda's Ryan Salame told CoinDesk.
- BitGo announced a partnership with Tron in September with plans to bring WBTC and WETH to the Justin Sun-founded network, per CoinDesk's prior reporting. Now the project is fully operational.
- "Our blossoming alliance with BitGo has finally brought cross-chain solutions like WBTC and WETH to fruition," Sun said in a statement.
See also: BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain
- The supply of ERC-20 WBTC, BitGo's original tokenized bitcoin project, saw nearly parabolic growth through the second half of 2020, peaking at over 124,000 BTC wrapped on Ethereum in late November. As the decentralized finance (DeFi) sector has cooled off, however, the supply of ERC-20 WBTC has dipped to its current level of nearly 110,000 tokens.
- In September, the total value of all Ethereum-based tokenized bitcoin projects passed $1 billion for the first time.
- At current prices, BitGo alone has tokenized $3.8 billion worth of bitcoin on the Ethereum and Tron blockchains.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
