21.co has expanded its range of wrapped tokens by bringing Wrapped Bitcoin on the Ethereum blockchain.
21.co announced that it has released its Wrapped Bitcoin 21BTC (21BTC), a crypto-exchange traded product. Ethereum blockchain.
The Sept. press releaseFlow Traders is one of world’s biggest market makers. Instead of traditional “lock-and-mint” The 21.co website emphasizes the fact that assets can be stored cold without the use of a bridge.
Eliezer Ndinga says 21BTC is now available on Ethereum, allowing customers to access a wide range of digital assets. “have peace of mind as they explore decentralized applications and new opportunities on the Ethereum blockchain – and 21.co is utilizing our knowledge and economies of scale managing crypto ETPs to make this a reality.”
Wrapped Tokens are digital tokens that represent cryptocurrency on one blockchain. Wrapped tokens are digital assets that represent a cryptocurrency from one blockchain on another.
Wrapped Bitcoin, for example (BTCHolders can now use Ethereum’s cryptocurrency for activities related to decentralized financing.
Wrapped tokens for Binance coin (also available at 21.co) are also included in the list of wrapped coins.BNB), (XRP), Avalanche (AVAXIts wrapped tokens are also built on Onyx, 21.co’s proprietary digital asset lifecycle platform. This has facilitated the creation and redemption of over $6.7 billion in crypto-backed products. Onyx, the proprietary platform for digital asset management developed by 21.co, is also used to build its wrapped tokens. This platform has been instrumental in creating and redeeming over $6,7 billion of crypto-backed assets.
This latest addition is just a few short months after 21.co, in May launched 21BTC, which offered users native Bitcoin access on the Solana Network.
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Source: crypto.news
