Score withheld

sBTC

Wrapped Token, derivative weights

A wrapped token, backed 1 to 1 by Bitcoin.

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.24–

Transparencywithheld×0.20–

Revenuewithheld×0.08–

Innovationwithheld×0.12–

Communitywithheld×0.12–

Tokenomicswithheld×0.24–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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Research, not financial advice. Read the terms.

About sBTC

Analysis of 13 Feb 2026

sBTC is a 1:1 Bitcoin-backed asset on Stacks, the leading Bitcoin Layer 2, enabling Bitcoin DeFi (BTCFi) without centralized custody. Launched December 17, 2024, the protocol currently secures BTC through 15 elected signers (including Figment, Blockdaemon, Kiln, Chorus One) requiring 70% consensus for all transactions.

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As of February 13, 2026, sBTC has approximately 4,500 tokens in circulation, priced at 0.9973 BTC per token with a market cap of BTC 4,533 (approximately $450M at current BTC prices). The Bitcoin L2 sector stabilized above $10B TVL in early 2026 after a 74% decline in 2025.

February 2026 brought transformative institutional access via Fireblocks integration, unlocking 2,400+ institutional clients to deploy Bitcoin capital in Stacks DeFi. Cross-chain expansion to Solana, Aptos, and Sui via Wormhole and Axelar launches in Q1 2026, positioning sBTC as the premier multichain programmable Bitcoin asset.

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