An innovation in the Blockchain space, Wrapped Bitcoin is fairly a new concept and aims at bridging the gap between the top two cryptocurrencies, Ethereum and Bitcoin. While traditional BTC is a cryptocurrency, wrapped BTC gives its owners the ease to explore other blockchains. Backed at a 1:1 ratio with Bitcoin, WBTC (utility token of Wrapped Bitcoin) is an ERC-20 token. BitGo reserve houses the currency when the same is wrapped. A message specifying the amount of WBTC in circulation is broadcasted so as to maintain total transparency. An array of merchants offer the ease to buy WBTC, using it as a digital currency. Wrapped Bitcoin plans to bring BTC to the Ethereum platform, facilitating the design and development of De-fi applications.