Upvotes
613
Views
5,609
Score
56
Rank Score
#427
Rank Upvote
#146
Rewards
Not recorded
Nodes
2
Rank Rewards
Not recorded
Upvotes
613
Views
5,609
Score
56
Rank Score
#427
Rank Upvote
#146
Rewards
Not recorded
Nodes
2
Rank Rewards
Not recorded
Algorithm Analysis: enzoBTC
enzoBTC is a promising live project within the Canton Network, offering liquid staking for Bitcoin, which is a valuable service for BTC holders. However, the lack of transparency regarding team information and funding details, along with minimal documentation, limits its overall score. Strengthening these areas could enhance credibility and attract a larger user base.
Last analyzed: Apr 15, 2026
About enzoBTC
enzoBTC is a wrapped Bitcoin token from Lorenzo Protocol, founded in 2022 by Matt Ye and Fan Sang. Runs as a Canton Network Featured App, bringing BTC liquidity into institutional collateral and DeFi use cases across Canton's privacy-preserving infrastructure.
Features
What the product does
1:1 BTC-backed wrapped token
enzoBTC is fully collateralized by native BTC, WBTC, or BTCB deposited into Lorenzo, with a simple wrap/unwrap flow preserving price parity with Bitcoin.
Institutional custody
Underlying Bitcoin is held with established custodians Cobo, Ceffu, and Chainup to reduce centralization risk on the reserve side.
BTC-MPC committee network
Lorenzo operates a decentralized committee hosting network using BTC-MPC with small signature shards and dynamic multi-sig to improve operational security.
DeFi yield routing
enzoBTC can be deposited into specialized yield vaults to earn staking-style rewards, extending BTC liquidity into DeFi applications.
enzoBTC On-chain
Validator nodes + featured apps linked to this project
Connected Projects
enzoBTC is issued by Lorenzo Protocol, an institutional-grade on-chain Bitcoin asset management platform co-founded in 2022 by Matt Ye (CEO) and Fan Sang (CTO). The token is fully collateralized 1:1 by BTC and uses well-known custodians including Cobo, Ceffu, and Chainup to secure underlying BTC deposits. Lorenzo also issues the BANK governance token. The protocol raised a Seed round in May 2024 with participation from HTX Ventures, Yzi Labs (formerly Binance Labs), ArkStream, Geekcartel, Symbolic Capital, 300DAO, Waterdrip Capital, D1 Ventures, DHVC, MH Ventures, NGC Ventures, Foresight Ventures, and ABCDE Capital.






