The post Chainlink Boosts BitSafe CBCT for Canton DeFi Expansion appeared on BitcoinEthereumNews.com.

Key Highlights: BitSafe launches CBTC, a wrapped Bitcoin asset built for use on the Canton Network as announced today. CBTC is fully backed 1:1 by Bitcoin, with on-chain verification powered by Chainlink. It allows secure lending, borrowing, and trading with real-time pricing for institutional use. BitSafe has launched something called CBTC, a version of Bitcoin that can be used inside the Canton Network as announced today, February 27, 2026 through social media platform X. CBTC is nothing but a “wrapped” version of Bitcoin that works inside the Canton Network. This will allow Bitcoin to be used for activities like lending, borrowing, and trading, especially by institutions that need privacy and regulatory compliance. CBTC, the first wrapped Bitcoin asset on @CantonNetwork, is now powered by the Chainlink data standard.@BitSafe_Finance adopted Chainlink Data Streams & Proof of Reserve to enable advanced use cases for CBTC across the $8+ trillion Canton RWA ecosystem. pic.twitter.com/f7QlWOAf2A — Chainlink (@chainlink) February 27, 2026 Normally, Bitcoin on its own cannot easily be used in these types of financial applications. This is where wrapped assets such as CBTC come in, as they symbolize real Bitcoin but it can function in various blockchain environments. The uniqueness of CBTC is that it is tailored for institutional purposes, which means it prioritizes security, transparency and control. How CBTC Ensures Trust with Chainlink? A major concern with wrapped Bitcoin is trust. Users usually have to rely on a company to honestly hold the Bitcoin reserves. CBTC solves this by using Chainlink’s Proof of Reserve system. This technology provides real-time, onchain verification that every CBTC token is backed by 1:1 by actual Bitcoin. In short, for every CBTC in existence, there is an equal amount of Bitcoin that is safely stored and verifiable by anyone. This eliminates the need to trust third parties…

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Filed under: News - @ February 27, 2026 4:27 pm