BitGo announced the launch of “Wrapped Bitcoin” (wBTC) and “Wrapped Ether” (wETH) on the Tron blockchain. This is a way for Justin Sun’s project to continue integrating the DeFi sector.

Wrapped Bitcoin and Ether land on Tron

The Tron Foundation announced the news in a press release yesterday . The Wrapped Bitcoin (WBTC) and Wrapped Ether (Weth) are launched as TRC-20, which are the equivalents of ERC-20 for blockchain Tron. BitGo customers have already started producing (“ mint“ ) wBTC and wETH on the Tron blockchain.

Join the DeFi sector

The maneuver is of course used to create a bridge between the DeFi sector , which uses “Wrapped” tokens a lot, and the Tron blockchain. The wBTCs represent a considerable weight for decentralized finance: they are the first asset in the sector in terms of capitalization, according to data from DeFiMarketCap . Today, they weigh 3.6 billion dollars and allow the use of Bitcoin with various DeFi protocols.

Tron’s ambition was confirmed by Justin Sun, the creator of the project:

“This is the start of a new era where the growing TRON community can finally begin to appreciate the unlimited potential of DeFi . „

Sun also recalled that Tron has its own DeFi services, such as JustLink and JustSwap . BitGo CTO Chen Fang also praised this development:

„We are proud to contribute to the growth of the ecosystem through case unique uses and far in exploring. „