21.co launches Bitcoin wrapper on Ethereum
It aims to bring institutional-grade security to wrapped BTC.
21.co, the parent of cryptocurrency asset manager 21Shares, is launching its own Bitcoin (BTC) wrapper — 21.co Wrapped Bitcoin (21BTC) — on the Ethereum blockchain network, according to a Sept. 3 announcement.
Launching 21BTC expands 21.co’s existing suite of wrapped tokens on Ethereum, including wrapped Avalanche (AVAX), Polkadot (DOT) and Solana (SOL) tokens. 21.co launched 21BTC on Solana in May, the company said.
The BTC wrapper is designed to “bring stringent asset management best practices… to the world of wrapped assets,” including “institutional-grade custodians and security protocols,” Eliezer Ndinga, 21.co’s head of strategy and business development for digital assets, said in a statement.
It aims to bring institutional-grade security to wrapped BTC.
21.co, the parent of cryptocurrency asset manager 21Shares, is launching its own Bitcoin (BTC) wrapper — 21.co Wrapped Bitcoin (21BTC) — on the Ethereum blockchain network, according to a Sept. 3 announcement. Launching 21BTC expands 21.co’s existing suite of wrapped tokens on Ethereum, including wrapped Avalanche (AVAX), Polkadot (DOT) and Solana (SOL) tokens. 21.co launched 21BTC on Solana in May, the company said.The BTC wrapper is designed to “bring stringent asset management best practices… to the world of wrapped assets,” including “institutional-grade custodians and security protocols,” Eliezer Ndinga, 21.co’s head of strategy and business development for digital assets, said in a statement.Read more