Wrapped ETH arrives on Canton Network as Temple lists BitSafe’s BETH
@temple_ny, a trading platform on
@CantonNetwork, has listed BETH, a wrapped version of ETH issued by BitSafe (
@BitSafe_Finance). It’s Temple’s first wrapped ETH product, and its BETH-USDCx market lets institutions move between ETH and dollar liquidity.
To get BETH, users deposit $ETH on the Ethereum network. To get their ETH back, they burn the BETH on Canton. BitSafe already issues CBTC, the first 1:1-backed wrapped Bitcoin on Canton.