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Fractal Bitcoin Launches Wrapped FB on Ethereum with On-Chain Verifiable Reserves

Fractal Bitcoin has officially announced the launch of Wrapped FB (WFB) on Ethereum, providing 1:1 backed tokens with an initial 2.1 million FB reserved and verifiable on-chain.

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ETH

Summary

According to Fractal Bitcoin’s official announcement, the Wrapped FB (WFB) token has been launched on Ethereum. Each WFB is backed 1:1 by FB tokens locked on Fractal’s mainnet, with reserves fully verifiable on-chain. The company confirmed that 2.1 million FB tokens are initially locked and issued as WFB, marking the beginning of cross-chain ecosystem integration.

Terms & Concepts
  • Wrapped Token: A cryptocurrency token pegged to the value of another asset, enabling its use on different blockchain networks while retaining its original value.
  • On-Chain Verification: The process of proving and auditing asset reserves directly on the blockchain for full transparency.
  • ERC-20: A standard for tokens on the Ethereum blockchain, defining common rules for fungible digital assets.