21.co Launches Wrapped Bitcoin Product on Ethereum Blockchain

According to Odaily, 21.co, the parent company of 21Shares, has introduced its wrapped Bitcoin product, '21BTC,' on the Ethereum blockchain. The company announced that it is collaborating with market maker Flow Traders to offer a product that provides customers with peace of mind while exploring decentralized applications and new opportunities on the Ethereum blockchain. The underlying assets of 21.co's 21BTC will be securely stored in cold wallets, eliminating the need for cross-chain bridges.