According to Starknet, strkBTC will provide Bitcoin-backed issuance with shielded transfers and balance privacy, while remaining fully composable in decentralized finance applications.
Starknet announced the launch of strkBTC, a Bitcoin-based asset designed to combine privacy capabilities with DeFi composability. The token's issuance is deterministically tied to verifiable Bitcoin deposits, preventing arbitrary supply control. It enables balance shielding and private transfers alongside public usage, ensuring integration within decentralized applications. Starknet positions strkBTC as offering both regulatory-compatible transparency and strong privacy protections.