Robert Liu, a director at BiT Global, spoke to CoinDesk about Justin Sun's advisory role in the Wrapped Bitcoin (WBTC) project, emphasizing that Sun's experience with the successful Tron blockchain could foster trust in the system. Liu noted that WBTC aims to significantly increase its value while employing a decentralized custodial model, targeting buyers beyond the U.S. Liu defended Sun against skepticism, citing his successful track record in stablecoins. As part of a restructuring effort, BiT Global emerged as a custodian alongside BitGo, which helps oversee key management and regulatory compliance. Liu highlighted the need for accountability compared to more decentralized alternatives that lack transparency. The conversation also touched on the difficulties WBTC faces in terms of growth, attributed to regulatory challenges in the U.S. market and the competitive landscape of crypto assets. Liu remains optimistic, envisioning a time when WBTC can offer a more attractive model for institutions and expand its market cap significantly.

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