21Shares' parent company 21.co has launched a wrapped Bitcoin product 21BTC on Ethereum

ChainCatcher news, according to CryptoSlate, 21Shares' parent company 21.co has launched its wrapped Bitcoin product "21BTC" on the Ethereum blockchain.

The company stated that it is collaborating with market maker Flow Traders to launch a product that allows customers to "feel secure while exploring decentralized applications and new opportunities on the Ethereum blockchain." 21.co's 21BTC securely stores the underlying asset in cold wallets without the need for cross-chain bridges.

Previously in May, 21.co, a subsidiary of 21Shares, launched the native Bitcoin asset 21BTC on Solana.