Bitcoin DeFi: understand wrapped assets and bridge risk
Explore how wrapped bitcoin differs from native BTC, what a bridge adds, and which custody, backing, and redemption questions matter before using it in DeFi.
TOPIC THREAD / 2 ARTICLES
Tokenization
Native assets, receipts, wrappers, and external claims.
A token may be the original asset, a receipt, or a representation of something held elsewhere. Compare the wrapped-Bitcoin and real-world-asset articles to see why similar transfer mechanics can conceal very different redemption, custody, and legal dependencies.
Each article includes a primary reference, practical research questions, and links to connected guides. Read for the mechanism first, then follow the related topics to build a more complete picture.
Tokenized real-world assets: what does the token actually represent?
Trace a tokenized asset from its onchain contract to custody, legal claims, redemption rules, and costs with a practical framework for evaluating RWA structures.