New York, New York, December 18th, 2024,
Chainwire
The report, presented by the Bitcoin Builders
Association, provides an in-depth look at the expansive tokenized
BTC landscape, signaling a major opportunity for investors and
builders
The Bitcoin Builders
Association today announced the release of a comprehensive
research report titled "State of Tokenized BTC: A $1T
Opportunity." This in-depth study, authored by Tanguy Girault,
explores the rapidly evolving $17 billion tokenized BTC landscape
and its potential to revolutionize the cryptocurrency industry.
Key findings from the report include:
- The tokenized Bitcoin market has the potential to unlock $950
billion in currently unproductive BTC liquidity.
- The current tokenized BTC Market Cap stands at approximately
$16.9 billion, representing only 1.23% of the total BTC Market Cap,
indicating significant growth potential.
- 21 market participants are currently active or expected to
launch in 2024, with 40% of these projects going live this
year.
The report provides a comparative analysis of the tokenization
ecosystem, focusing on key platforms such as wBTC, cbBTC, tBTC, and sBTC. It highlights both the innovative opportunities
and inherent risks associated with these solutions.
The report arrives at a critical moment when the financial world
is reimagining Bitcoin's potential beyond traditional store of
value narratives. Recent developments such as the launch of cbBTC
and sBTC highlight a transformative shift, with institutions and
innovators seeking to make Bitcoin more productive and versatile.
The findings of this report underscore the growing appetite for
technologies that unlock Bitcoin's latent economic
potential.
"This research offers valuable insights into the future of
Bitcoin and its integration with decentralized finance," said
Tanguy Girault, report author and researcher at the Bitcoin
Builders Association. "We believe tokenized BTC will be a
game-changer for the industry, potentially catalyzing DeFi with
Bitcoin liquidity."
The study predicts that centralized exchanges and institutional
investors will drive the adoption of centralized bridges, while
decentralized solutions target a massive $648 billion total
addressable market.
The full report "State of Tokenized BTC: A $1T Opportunity" is
now available on the Bitcoin Builders Association website.
About Bitcoin Builders Association:
Bitcoin Builders Association (BBA) is a community of seasoned
Bitcoin enthusiasts and innovators dedicated to fostering the
development of Bitcoin-based technologies. BBA aims to be a
catalyst for innovation and a resource hub for those looking to
build on Bitcoin. The association is committed to supporting the
next generation of Bitcoin-based projects, believing that Bitcoin
will form the foundation of the future internet. The BBA is also
home to a longstanding weekly newsletter that
highlights top projects and important news within the Bitcoin
ecosystem, ensuring that members stay informed about the latest
developments and opportunities in the ecosystem.
Contact
Leora
Schreiber
pr@marketacross.com
