Wrapped Bitcoin (WBTC) is a project by Bitgo, Kyber Network and Republic Protocol to build an ERC20 token that enables new application use cases for Bitcoin on Ethereum. WBTC is an attempt to standardize bitcoins according to ERC20 which allows Ethereum smart contract developers, decentralized exchange orders, and other parts of the Ethereum ecosystem direct exposure to Bitcoin's liquidity by serving as a 1:1 pegged coin. [Source]

Website - Twitter - Market data