Crypto exchange Kraken introduces its cross-network compatible ERC-20 wrapped Bitcoin, kBTC

Kraken announced on October 17 the launch of its wrapped Bitcoin kBTC, which is cross-network compatible and fully backed 1:1 by the top cryptocurrency. The tokenized BTC token will allow users to engage with it on decentralized applications (dApps), which is made possible through interoperability with blockchains like the OP Mainnet and Ethereum.

Source: Cryptopolitan