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TON Wallet Adds Bitcoin and Ethereum Support Through Wrapped Assets

Integration of wETH and cbBTC enables storage, exchange, and DeFi use within the TON network, expanding user access to leading cryptocurrencies.

BTC
ETH
TON

Summary

TON Wallet has introduced support for Bitcoin and Ethereum via wrapped assets wETH and cbBTC. This allows users to exchange, store, and send these tokens within the TON network. The move aims to enhance value storage, investment opportunities, trading capabilities, and decentralized finance (DeFi) applications for its user base.

Terms & Concepts
  • Wrapped Asset: A cryptocurrency pegged to the value of another asset, usable on blockchains where the original asset is unsupported.
  • wETH: Wrapped Ethereum, an ERC-20 token representing Ether with added compatibility for smart contracts.
  • cbBTC: Wrapped Bitcoin token on the TON network, mirroring Bitcoin’s value for use in blockchain applications.