pTokens focuses on allowing the various cryptocurrencies and tokens to be tradable and usable even on blockchains where they are not native.
For example, bitcoin can be exchanged only on the Bitcoin blockchain, but thanks to an ERC20 token, called pBTC, they can be indirectly traded also on the Ethereum blockchain.
The pBTC tokens represent 1:1 the original BTC, but on the Ethereum blockchain, making bitcoin usable also on Ethereum-based DeFi platforms like Kyber Network.
pBTC tokens are also be compatible with EOS, backed by bitcoin 1:1. This new solution makes bitcoin compatible with the DeFi ecosystem on EOS for the first time, introducing BTC as a possible collateral for EOS-based stablecoins such as Equilibrium (EOSDT).