Citrea, the Bitcoin application layer backed by Founders Fund and Galaxy Ventures, has announced the launch of its CTR token following over $50 million in planned liquidity commitments from Galaxy and other institutional partners.

The Token Generation Event (TGE) advances Citrea’s goal of turning Bitcoin into a fully programmable financial ecosystem for lending, trading, payments, prediction markets, and stablecoin infrastructure.

CTR will begin trading on May 26 on major exchanges including Binance Alpha, Kraken, Kucoin, Gate, HTX, MEXC, BitMart, Lighter, Bitvavo, and LBank.

Coinbase has added the CTR token to its asset listing roadmap, with deposit support now live on the platform. The exchange will generate deposit addresses for users once the Citrea team unlocks token transfers.

“Bitcoin established itself as the foundation for censorship-resistant finance, but much of its economic activity and liquidity ultimately moved elsewhere,” said Orkun Mahir Kılıç, co-founder and CEO of Chainway Labs. “CTR represents the next stage of Bitcoin’s evolution, a user-led economy where aligned participants help direct how capital, incentives and infrastructure develop across the network.”

CTR tokenomics and governance

CTR has a fixed supply of 10 billion tokens with 12% circulating at launch, and 60% allocated to the community and ecosystem. Users can stake CTR to receive xCTR, a non-transferable governance asset used for liquidity direction and ecosystem coordination.

The launch builds on Citrea’s infrastructure, including its Bitcoin-secured ZK rollup, the Clementine BitVM bridge, and ctUSD liquidity systems. A Genesis Airdrop begins May 26 at 1pm UTC for eligible users.