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Can a Cross-Chain Bridge Be Considered a Financial Derivative?

No, a cross-chain bridge is a protocol that facilitates the transfer of assets between two different blockchains. It is a utility or infrastructure component, not a financial derivative.

A derivative is a contract whose value is derived from an underlying asset. However, the assets created by a bridge (like a "wrapped token") can be the underlying asset for a derivative contract.

How Does a Blockchain Bridge Differ from a Blockchain Oracle?
Define a Financial Derivative and Give a Basic Example
How Is the ‘Underlying Asset’ Defined in a Derivatives Contract?
How Does a ‘Derivative’ Differ from the Underlying Cryptocurrency Asset?