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Wrapped Token

Definition

A token on one blockchain that represents an asset from another blockchain, typically pegged 1:1. Wrapped tokens enable cross-chain liquidity (e.g. WBTC is Bitcoin wrapped on Ethereum).

PRISM API Context

PRISM API groups wrapped tokens with their native asset in the same family. WBTC, cbBTC, and tBTC all resolve to the Bitcoin family, simplifying portfolio tracking.

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