Robert Liu, a member of the board of Hong Kong-based BiT Global, which was recently added by BitGo as an additional custodian to the bitcoin-on-Ethereum token known as wrapped bitcoin (WBTC), notes in an exclusive interview that Tron founder Justin Sun has come to the aid of customers in the past.
- Robert Liu, a member of the board of Hong Kong-based BiT Global, spoke to CoinDesk in an interview.
- Liu defended Tron founder Justin Sun’s role as an advisor to the project, arguing that the blockchain he founded is trusted by holders of tens of billions of Tether’s stablecoin, USDT.
- The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S.
- The project is being positioned as a crypto-native alternative to bitcoin exchange-traded funds.
- Regarding purportedly more decentralized alternatives to WBTC, he said: “There’s no accountability if something goes wrong. Those people don’t even go by their real names, right? They go by all kinds of strange animal names. Nowadays, I know identifying with the animal is quite trendy in the U.S., right? But at least we go by our real names.”