The Vision: Safer Bitcoin Yield for Institutions

<aside> Bitcoin's $1T+ market cap is a financial titan, yet Bitcoin bridges have been sidelined by security gaps and compliance barriers. Custodians have lost $100B+ to failures, and bridges remain hackable weak links.

iBTC is a white-label wrapped Bitcoin provider for institutions. Via a unique innovation, iBTC is “self-wrapped” on Bitcoin Layer 1 for theft-proof safety. We're making Bitcoin secure, compliant, and profitable for the big players.

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Investment Opportunity

<aside> Key Terms

• Raise: $5M USD on SAFE + Token Warrant
• Terms: 6-month cliff, 2-year vest, 1:1 token conversion at TGE
• TVL Goal: $600-750M in 6 months post mint from major LP, targeting $1B+ by 2026 by leveraging a DeFi flywheel and $BIT incentives
• Check out our tokenomics </aside>

<aside> Current Commits

$2M from Canton Ecosystem Fund, Gate Labs, Web3.com Ventures, Round 13 Digital, Contribution Capital, Monday Capital, and angels Paul Taylor (BlackRock), Charles Mountain (Ether.fi), David Shin (Tezos), Matt Paik (LayerZero), Mayur Gupta (CMO, Kraken).

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<aside> Investors

OKX Ventures, ABCDE, Waterdrip Capital, Foresight Ventures, Animoca Ventures, Bixin, Comma3 Ventures, Hailstone Labs, Web3.com Ventures, Contribution Capital, Despread.io, Lotus Capital, Cryptogram Ventures, Trust Machines, Gossamer Ventures, SBX, AlphaDAO, Chainlink Foundation, Stacks Foundation, plus angels Matt Barby (Kraken), Michael Jin (OP Crypto), Kieran Flanagan (Sequoia Scout), Saeed Al-Zaabi, Allan Matheson (Golden Pear), Mr. Block (Curve), Charlie Songhurst (Bitcoin whale).

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Our Two-Layer Model

1. White-Label Wrapped Bitcoin for Institutions

<aside> Core Partnerships

• Canton: We’re launching on Canton, a decentralized network where Digital Asset serves as a launch partner and tech provider. Founding members include DRW (an investor in Digital Asset), Broadridge, and Tradeweb, with institutional heavyweights like Goldman Sachs, BNP Paribas, and HSBC onboard. It processes $1.5T/mo in overnight repos via Broadridge and hosts $4T in RWAs. Canton’s market cap grew from $110M to $1.1B, with projections to hit $10B — a testament to its scale. iBTC will power IM/VM flows for margin trading on Canton.

  Read more about the partnership here

  iBTC on Canton Business Cases

• XRPL: The only institutional Bitcoin on XRPL mainnet, chosen for our theft-proof self-wrapping model. Sponsored by Ripple Markets and XRPL Labs. Read more about how we’re enabling high-volume Bitcoin Trading on XRPL </aside>

<aside> Product Overview

• What It Is: iBTC lets qualified institutions self-wrap BTC on Bitcoin L1 via 2-of-2 multisig — no bridges needed. Backed by 15 of the world’s largest node operators, such as Nethermind, InfStones, Everstake.
• Why It Matters: Institutions need theft-proof safety and compliance. iBTC's self-wrapping eliminates bridge vulnerabilities, leverages L1 security, and offers seamless redemption — all at 25% lower fees than wBTC (12 bps mint, 15 bps burn) with a 1-hour minting process. </aside>

<aside> Network Coverage

• Permissionless Chains: Live on EVM (ETH, ARB, Base) with Curve, Spectra, and Canton. XRPL and StarkNet (5-8% LP incentives) are live, with Plume and other chains in our sights as the ecosystem expands.
• Licensed & Compliant: Pursuing MiCA, ADGM, and additional licenses to cement our institutional edge. </aside>

2. Safe Bitcoin Yield for Institutions

<aside> Current Yield Offerings

• Permissionless Primitives: iBTC powers staking (Symbiotic, Mellow), lending/borrowing (Llamalend), and yield tokenization (Spectra).

  Yield Tokenization Prospectus

• Institutional Strategies: Partnered with Primrose (QCP), Forteus (Two Sigma), Valos, and Galaxy for 5-20%+ yields. </aside>

<aside> Coming Soon: CeDeFi Fund

We'll establish a feeder fund, receiving iBTC deposits, unwrapping them, and placing BTC with trading firms for yield. Requires a VASP license, which we will acquire soon.

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Growth Trajectory

• Q4 2025: Major LP mint, Canton apps live, $150M TVL, $325K/mo.
• Q2 2026: $600-750M TVL, $1.15M/mo.
• Q4 2026: $1B+ TVL, $6.5M/mo with CeDeFi yield.

Revenue Streams

<aside> Mint/Burn Fees

12-15 bps, cashflow positive at $125K/mo now.

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<aside> Canton Validator

$150K/month at 5¢/coin, scaling with market cap.

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<aside> Canton Apps

5-10M CC/mo + $1.5M/mo (repos), $300K-1M/mo (vaults).

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<aside> CeDeFi Fund

$1-3M/mo by 2026.

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