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TBTC

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Category: Bridge
TVL: $329M

Thesis*


Thesis* is a Bitcoin-focused company builder that creates, supports, and shares products advancing decentralization, sovereignty, privacy, and freedom. Its portfolio includes Mezo for Bitcoin-backed borrowing and finance, Fold for Bitcoin rewards, Taho for self-custodial web3 wallet services, Acre for Bitcoin staking rewards, Lolli for Bitcoin cashback rewards, Embody for private cycle tracking, and tBTC for permissionless tokenized Bitcoin bridging.

Funding Rounds

Funding Round: Series A
Funding Date: 22 Jul, 2021
Raised Amount: $21M

Funding Round: Series A
Funding Date: 1 Jul, 2021
Raised Amount: $21M

Investors

Threshold Network


Threshold Network is a DAO formed from the on-chain merger of the Keep Network and NuCypher, launched in January 2022. Its flagship product is tBTC, a permissionless 1:1 Bitcoin-backed token secured by a rotating set of independent node operators using threshold cryptography. Users can mint tBTC directly from native BTC and deploy it across Ethereum and multiple chains for DeFi activity. The T token serves as the governance and value accrual asset, enabling node staking and DAO voting.