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cBTC
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Investor One Pager

cBTC — Quantum-Safe Bitcoin

01 The Thesis

Bitcoin is beginning to trade with a quantum risk discount. Institutions are already talking about it publicly, while Bitcoin Core has no implementation timeline for a fix.

cBTC gives BTC holders a simple hedge and migration path with no opportunity cost:

  • keep your BTC in your existing wallet, custody, or ETF position
  • prove ownership and add a 1:1 quantum-safe parallel position in cBTC at zero capital cost
  • hold or use a PQ-safe version of BTC in a live post-quantum environment
  • preserve optionality to stay in cBTC, exit to classical BTC later, or migrate to future PQ-Bitcoin
  • direct BTC ↔ cBTC trading is a 2027 expansion path — claiming today already secures the hedge

This is not a fork war, not a custodial wrapped token, not a Bitcoin L2, and not a bet on a bridge from day one.

02 Why Now

  1. Quantum risk moved from theory into institutional diligence.
  2. Bitcoin Core has drafts, not code.
  3. No product has yet won the quantum-safe Bitcoin category.

This is an open category with time pressure.

03 Product

01

Phase 1: Snapshot & Claim

Claim-based cBTC on Cellframe:

  • snapshot BTC UTXO set
  • one-time ownership proof
  • mint cBTC to PQ-safe address
02

Phase 2: Native Utility

Native utility on Cellframe:

  • wallet
  • transfers
  • DEX liquidity
  • vault / treasury tooling
03

Phase 3: Bridge & Migration Infrastructure

Optional expansion:

  • inbound-first BTC bridge
  • full bridge only after traction and audits
  • migration adapter into future canonical PQ-Bitcoin if Bitcoin upgrades
  • native PQ hardware key track (aligned with Cellframe primitives, including aggregated and ring signatures)
  • optional PoW successor-track only if the market later demands a canonical Bitcoin-like end state

04 Why This Can Work

  • Founder-led and bootstrapped: no bloated team, no dependency on token hype. Independent with no external control constraints
  • Technology exists already: Cellframe has been building blockchain infrastructure since 2019, with production mainnet since 2021, and existing DEX, CEX relationships and infrastructure partnerships that are more valuable than establishing new ones
  • Existing relationships: current DEX and CEX partnerships provide immediate distribution channels for cBTC
  • Claim-first approach: avoids bridge risk in the seed thesis
  • Clear wedge: quantum-safe BTC before Bitcoin Core ships
  • No opportunity cost for BTC holders: keep BTC, claim cBTC, no sale, no fork, no L2 dependency
  • Institutional-friendly framing: separate issuer on a separate ledger (not an L2), with a Hard Cut-Off that structurally prevents quantum-claimed Satoshi-era keys from ever entering circulating cBTC supply
  • Maximalist-friendly framing: cBTC is anchored 100% to BTC ownership and acts as market pressure on Bitcoin Core to ship its own PQ work
  • Optional upside: bridges, institutional custody, reporting APIs, native PQ hardware keys
  • No lock-in: users are not forced into a permanent bet on Cellframe
  • Asymmetric upside: if Bitcoin never upgrades in time, cBTC can become more than a hedge product
  • Permanent structural advantage: even if Bitcoin upgrades to PQC, research estimates 60-70% throughput loss on permissionless networks — Cellframe's native PQ architecture avoids this degradation, positioning cBTC as a natural high-performance execution layer for Bitcoin liquidity

05 Why This Is Different

Others
  • Tools
  • Specs
  • Testnets
  • Bare BTC forks
cBTC

cBTC is aimed at being a usable claim-based PQ-Bitcoin product on a live PQ chain.

06 Go-To-Market

  1. 1 Bitcoin whales
  2. 2 Crypto funds
  3. 3 Treasuries / custodians

The first goal is not mass retail. The first goal is a small number of large claims and credible early design partners.

07 Milestones From Seed Close

Month 1–2
Team hired
Month 3–4
Public testnet + claim demo
Month 4–5
Audit #1
Month 6–8
Mainnet + snapshot
Month 8–10
First 100 BTC claimed

08 Risks

  • Low migration rate
  • Cellframe perception risk due to small market cap
  • Quantum timeline may slip
  • Bridge risk if expanded too early

Mitigation: founder-led launch, claim-first architecture, native utility before integrations, no bridge in the seed thesis.

09 Why This Round Is Interesting

Investors are not funding speculative infra from zero. They are funding the productization of an existing PQ blockchain into a narrow, time-sensitive wedge: quantum-safe Bitcoin exposure.