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 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 and Solana tokens. 21.co launched 21BTC on Solana in May, the company said.
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 Avoiding Vulnerable Methods: Unlike traditional wrapped Bitcoin solutions that often rely on lock-and-mint mechanisms, 21BTC prioritizes cold storage for the underlying assets. This eliminates the need for users to depend on potentially risky bridges, thereby enhancing the overall security of the wrapped token 
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