21co Introduces New Suite of Wrapped Tokens

The corporate’s new expertise providing brings much-needed cross-chain safety, liquidity to the business

ZURICH, September 12, 2023 – 21.co right this moment introduced the launch of 21.co Wrapped Tokens. The Firm’s first wrapped tokens function a mixture of underlyings from the highest crypto belongings by market capitalization, throughout a number of blockchain networks. Wrapped tokens current the chance to extend cross-chain liquidity and utility no matter blockchain ecosystem, and deal with the safety challenges of cross-chain bridging. 21.co is uniquely positioned to ship institutional grade safety and liquidity at scale by way of the suite, bolstered by Onyx, 21.co’s proprietary product administration system, which has created and redeemed over $3.3B in crypto-backed belongings.

Efficient cross-chain interoperability and liquidity permit members of the DeFi group to faucet into a bigger liquidity pool of belongings with out being restricted to a single blockchain ecosystem. Better accessibility results in a better means to scale DeFi as a complete. Traditionally, cross-chain interoperability has been a technical hurdle for the DeFi group. Options like cross-chain bridge protocols have confirmed to be susceptible to safety hacks, posing a big risk not solely to belongings however to belief in blockchain expertise.

The brand new 21.co Wrapped Tokens introduce cross-chain liquidity for the most well-liked alt-layer one protocol tokens within the Ethereum ecosystem, securely. Onyx, developed by 21.co, ensures minting and burning processes are executed swiftly and securely. 21.co Wrapped Tokens are 100% bodily collateralized, and underlying belongings are held in chilly storage by institutional-grade custody.

“DeFi wants cross-chain interoperability to achieve success, however up till this level current options have been suffering from severe safety vulnerabilities,” stated Hany Rashwan, co-founder and CEO at 21.co. “We firmly consider DeFi is the longer term, and have lengthy been dedicated to bridging conventional finance and decentralized finance with our expertise and our merchandise. With the launch of centralized wrapped belongings, we’re thrilled to offer a much-needed expertise to the DeFi group that can assist DeFi proceed to win.”

The Index Coop would be the first group to supply a multiple-blockchain index token – Index Coop Giant Cap Index (IC21) powered by 21.co Wrapped Tokens. With 21.co’s expertise, the IC21 Token brings a lot of non-EVM blockchain tokens to the Ethereum community.

21.co Wrapped Tokens embrace:

• 21BTC – 21.co Wrapped Bitcoin
• 21BNB – 21.co Wrapped BNB
• 21XRP – 21.co Wrapped XRP
• 21ADA – 21.co Wrapped Cardano
• 21SOL – 21.co Wrapped Solana
• 21LTC – 21.co Wrapped Litecoin
• 21DOT – 21.co Wrapped Polkadot
• 21BCH – 21.co Wrapped BitcoinCash

To study extra about 21.co Wrapped Tokens, please go to https://21.co/tokens  

About 21.co
21.co is the world’s chief in offering entry to crypto by way of TradFi and DeFi. 21.co gives cryptocurrency trade traded merchandise (ETPs) by way of its 21Shares affiliate, in addition to blockchain infrastructure expertise. 21.co’s merchandise are constructed on its proprietary working system, Onyx, which can also be distributed to 3rd events. The corporate was based in 2018 by Hany Rashwan and Ophelia Snyder. For extra data, please go to www.21.co.

Press Contact
Nicole Cueto, press@21.co

Disclaimer

The knowledge supplied doesn’t represent a prospectus or different providing materials and doesn’t include or represent a proposal to promote or a solicitation of any supply to purchase securities or monetary devices in any jurisdiction, together with the U.S. Among the data printed herein could include forward-looking statements and readers are cautioned that any such ahead wanting statements should not ensures of future efficiency, contain dangers and uncertainties, and precise outcomes could differ. Moreover, there isn’t any assure as to the accuracy, completeness, timeliness or availability of the data supplied and 21.co and its affiliated entities should not chargeable for any errors or omissions. The knowledge contained herein is probably not thought of as financial, authorized, tax or different recommendation and viewers are cautioned to not base funding or every other choices on the content material hereof.

World’s largest issuer of cryptocurrency ETPs releases the 21Shares Staking Basket Index ETP in collaboration with index supplier Vinter

ZURICH January 18, 2023 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency trade traded merchandise (ETPs) and a subsidiary of 21.co, right this moment unveiled the 21Shares Staking Basket Index ETP (Ticker: STAKE) – the world’s first crypto staking index ETP providing diversified staking earnings. The index represents the first-ever basket product of crypto belongings that present publicity to staking rewards whereas monitoring the efficiency of underlying staked cryptos by way of a single ETP. The 21Shares staking index methodology used for this product was in-built collaboration with Swedish index supplier Vinter.

The 21Shares Staking Basket Index ETP tracks proof-of-stake (PoS) cryptocurrencies, together with Binance Coin, Cardano, Cosmos, Polkadot, Solana, and Tezos. The index will rebalance on a semi-annual foundation in March and September to replicate market shifts.

“Staking is a long-standing function of the blockchain ecosystem that enables crypto holders to earn rewards in trade for locking up their belongings,” stated Arthur Krause, Director of ETP Product at 21.co, guardian firm of 21Shares. “Our analysis has proven that buyers are desirous about diversified, crypto-native return streams – particularly amid crypto winter. Particularly, we’ve heard demand for a dependable and protected solution to entry staking, one of the vital engaging potential return streams accessible within the crypto ecosystem. The 21Shares Staking Basket Index ETP does simply that, and will probably be a pretty addition to many portfolios.”

The 21Shares Staking Basket Index ETP is accessible right this moment for buying and selling on the BX Swiss trade, and is in search of to listing on Xetra Deutsche Boerse. This launch follows the success of 21Shares’ current single asset staking merchandise – 21Shares Solana Staking ETP and 21Shares Tezos Staking ETP.

Jacob Lindberg, CEO of Vinter, provides “We’re happy to be launching the world’s first crypto staking index ETP with 21Shares, which is one other milestone in our nice partnership. This product addresses calls for from retail and institutional buyers globally, and we look ahead to persevering with our work with 21Shares as they search to launch extra revolutionary funding merchandise that construct bridges into the crypto world.” 

Right now’s announcement is the newest in a string of revolutionary ETPs choices from 21Shares during the last yr, together with the world’s cheapest Bitcoin ETP (CBTC), in addition to two risk-controlled products, the 21Shares S&P Danger Managed Bitcoin Index ETP (SPBTC) and 21Shares S&P Danger Managed Ethereum Index ETP (SPETH). 21.co now lists 47 merchandise throughout 12 exchanges in 9 international locations.

To study extra concerning the 21Shares Staking Basket Index ETP, please go to 21shares.com/product/STAKE.

Press Contacts:

Arielle Sobel, Head of World Communications, press@21.co 
Megan Enright, Communications Supervisor, press@21.co 

About 21.co:

21.co is the world’s chief in offering entry to crypto by way of easy and simple to make use of merchandise. 21.co is the guardian firm of 21Shares, the world’s largest issuer of cryptocurrency trade traded merchandise (ETPs) – which is powered by Onyx, a proprietary expertise platform used to concern and function cryptocurrency ETPs for 21Shares and third events. The corporate was based in 2018 by Hany Rashwan and Ophelia Snyder. 21.co is registered in Zug, Switzerland with workplaces in Zurich and New York. For extra data, please go to 21.co.

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