April 8, 2020 Tokenized Bitcoin set to launch on the Tezos network.

A tokenized version of Bitcoin, named tzBTC will launch on the Tezos network. The announcement was made by the Tezos Foundation, the Bitcoin Association Switzerland and several other parties on Wednesday. The new token will be collateralized 1:1 with Bitcoin and be issued on the FA1.2 Tezos token standard with the hope that it will lead to innovation with decentralized finance protocols on the smart contract network.