Scaling & Network Infrastructure

Wrapped Token

A token that represents another asset on a chain where the original does not natively exist, such as Wrapped Bitcoin (WBTC) on Ethereum. Its value depends on whoever holds or manages the underlying asset, so it carries that party's risk.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.