Announcing $50 Million+ Institutional Liquidity Commitments and ctUSD Pre-Deposit Vault
Today, we’re announcing $50 million+ in planned liquidity commitments and a ctUSD Pre-Deposit Vault to accelerate Bitcoin capital markets with deep cBTC and ctUSD liquidity.
$50M+ liquidity commitments are slated to come from Galaxy Digital and other leading asset managers to enable Bitcoin capital activities at scale. This institutional anchor provides the long-term structural depth required for the Citrea ecosystem, while the ctUSD Pre-Deposit Vault allows the community to earn while bootstrapping Bitcoin capital markets.
The ctUSD Vault is curated by RockawayX on Upshift. With anchor liquidity from Y10k Capital and syndication by Yield Network, the ctUSD Pre-Deposit Vault will open to the public on May 7 at 3:00 PM UTC . The vault is capped at $15M and will accept deposits in USDC on Ethereum. The vault participants will be eligible for rewards, 0.6% of CTR supply.
Citrea’s mainnet launch enabled the first application layer purpose-built to activate Bitcoin capital markets. This liquidity commitment and the ctUSD Pre-Deposit Vault will enable Bitcoin capital markets at scale.
Unified and Deep Liquidity is Crucial for Bitcoin Capital Markets
For Bitcoin capital markets to thrive, they require unified, deep, and accessible liquidity. However, the current landscape is fragmented and disconnected.
Historically, Bitcoin ecosystem liquidity has been scattered across various wrapped BTC variants on different chains. None of these versions provide the unified depth necessary for efficient lending, trading, or yield. This isolation creates significant friction, preventing Bitcoin from functioning as a fluid, productive asset within a cohesive financial system.
“The current state of Bitcoin liquidity across different chains is characterized by inefficiency and isolation, which fundamentally restricts its potential,” said Orkun Kilic, director of the Citrea Foundation. “We are addressing this by concentrating deep liquidity through institutional commitments and our community-driven ctUSD Pre-Deposit Vault. This initiative is more than just a capital injection; it represents a collective belief that Citrea is the platform capable of finally realizing Bitcoin’s economic power.”
Newly Announced ctUSD Vault and $50M+ in cBTC and ctUSD to Realize Bitcoin Capital Markets
Citrea aims to create a unified Bitcoin economy through the ctUSD Pre-Deposit Vault and $50 million in committed liquidity to serve as the bedrock for Bitcoin-native capital markets. By concentrating these resources, we are ensuring that Citrea can support Bitcoin capital activities at scale.
$50M+ in cBTC and ctUSD is committed outside the ctUSD Pre-Deposit Vault and slated to come from Galaxy Digital and other leading asset managers. This capital will be strategically deployed across the Citrea ecosystem, including:
- Lending Markets: Providing deep cBTC and ctUSD liquidity for Morpho and Zentra.
- Decentralized Exchanges (DEXs): Ensuring better rates, and maximum capital efficiency for traders.
- cBTC Structured Yield Products: Providing transparent and verifiable institutional-grade yield for cBTC holders
While the $50M liquidity commitment will be rolled out over time as the ecosystem applications scale, the ctUSD Pre-Deposit Vault serves as an immediate liquidity activation, allowing the community to participate directly in bootstrapping the network’s earliest liquidity.
The ctUSD Pre-Deposit Vault Launches on May 7
The journey to a productive Bitcoin economy isn't just for institutions or whales - it's for the entire community.
We are officially launching the ctUSD Pre-Deposit Vault on May 7 at 3:00 PM UTC with 0.6% of CTR supply allocated for the vault participants. The asset is USDC on Ethereum.
The ctUSD Pre-deposit Vault will go live with a deposit cap of $15 million. The vault deposits will be locked for two months, and rewards will be available at unlock.
The vault link will be available on May 7.