"Wrapped Bitcoin" (WBTC), a joint initiative between BitGo and other partners, has launched its ERC-20 token that is backed one-to-one by a regular bitcoin (Christine Kim/CoinDesk)

Christine Kim / CoinDesk:
“Wrapped Bitcoin” (WBTC), a joint initiative between BitGo and other partners, has launched its ERC-20 token that is backed one-to-one by a regular bitcoin  —  A new token backed one-to-one with bitcoin is now live on the ethereum blockchain.  —  “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening.