Tokensoft’s Wrapped Announces Partnership With the Celo Foundation to Bring Layer 1 Assets to the Network
Wednesday, April 21, Austin, TX — Today Wrapped is excited to announce a partnership to bring Bitcoin (cBTC) and Ethereum (cETH) to the Celo network. Celo is a Layer 1 protocol and global payments infrastructure that makes financial tools accessible to anyone with a smartphone.
Since Celo’s initial development in 2017, the project has launched a mainnet, a native token (CELO), two stablecoins (cUSD and cEUR), a mobile payments app (Valora) and has been listed on major exchanges including Coinbase and Binance.
“We’re excited to support Celo, a mobile-first DeFi platform that enables easy to use payments applications. Their focus on bringing financial tools and applications to a global user-base makes Celo a perfect fit for Wrapped as we look to bring Layer 1 assets to the masses on the network.”
— Mason Borda, CEO of Tokensoft
Through Wrapped, institutions will be able to easily and securely participate in the Celo mobile-DeFi ecosystem with assets like BTC, ETH, and other top Layer 1 assets custodied by Anchorage Digital. Wrapped assets are backed 1:1 by their underlying tokens which are held by Anchorage Digital Bank. We are proud to support the effort to bring DeFi to Celo’s mobile-focused network.
With this announcement, Wrapped users will soon be able to wrap and unwrap assets on four supported networks, Ethereum, Stacks, Kadena, and now Celo.
“We are excited to see Tokensoft bring a rich ecology of digital assets to the Celo ecosystem, starting with Wrapped BTC and ETH. The power of Wrapped BTC and ETH combined with Celo’s mobile-first technology will provide the 6 billion smartphone users around the world with access to decentralized finance solutions.”
— Rene Reinsberg, Co-Founder of Celo
Tokensoft is a leading technology platform for blockchain-enabled assets based in Austin, TX. The Tokensoft platform enables forward-thinking enterprises, asset managers, and financial institutions to fundraise, manage investors, and access secondary market liquidity using the blockchain. The Tokensoft platform has processed investors in over 50 countries and Tokensoft clients have a combined market capitalization over $10 billion. For more information, visit Tokensoft.io.
Celo is a mobile-first, open-source ecosystem of technologies, organizations and individuals that all share a common mission of building a financial system that creates the conditions for prosperity for everyone. The Celo ecosystem includes a decentralized, proof-of-stake blockchain technology stack (Celo Platform), a native asset (CELO), two stablecoins (cUSD and cEUR) and the Celo Foundation’s Alliance for Prosperity, with over 130 organizations around the world, including Andreessen Horowitz, Anchorage, Coinbase, GSMA, Mercy Corps, Grameen Foundation, Prosegur, Abra, and cLabs, a service organization dedicated to growing and developing the Celo ecosystem. For more information on Celo, please visit celo.org.
About Anchorage Digital
Anchorage Digital provides institutions simple and secure participation in digital assets, all integrated with custody. As the first federally chartered crypto bank, Anchorage offers the most advanced digital asset platform for institutional investors and setting a new standard for security and usability. With secure custody at its core, Anchorage offers financial solutions for today and tomorrow. Learn more at anchorage.com and @Anchorage.