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 <p class="is-style-lead">21co, the parent company of 21Shares, has expanded its product offerings by launching eight <a rel="noopener noreferrer nofollow" title="wrapped" href="https://thebittimes.com/tag/wrapped.html">wrapped</a> <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>.</p> 
 <p>21co, the parent organization of 21Shares, a provider of crypto exchange-traded products (ETPs), has made its foray into the world of <a rel="noopener noreferrer nofollow" title="wrapped" href="https://thebittimes.com/tag/wrapped.html">wrapped</a> <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>. With the launch of eight different <a rel="noopener noreferrer nofollow" title="wrapped" href="https://thebittimes.com/tag/wrapped.html">wrapped</a> <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>, including those for Bitcoin (BTC), BNB, XRP, and Cardano (ADA), the company seems to aim to position itself as an enabler for cross-chain compatibility.</p> 
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    <p lang="en" dir="ltr">We are excited to announce the launch of our new https://t.co/96BsFK8cc7 website!<br><br>At https://t.co/96BsFK8cc7, we are committed to bridging TradFi &amp; DeFi for crypto asset management. With our new website interface &amp; new <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>, stay tuned for exciting upcoming announcements! pic.twitter.com/f5p8O8ovJq</p>— 21.co (@21co__) September 5, 2023 
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 <p>Wrapped <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> are essentially digital assets that mirror the value of crypto from other blockchains. By doing so, these <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> facilitate the interoperability of different blockchain networks, a feature crucial for expanding the utility of crypto assets.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Wrapped tokens, explained 
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 <p>They function as a bridge, allowing crypto like Bitcoin to be compatible with the Ethereum (ETH) network and thereby be employed in decentralized applications (defi) applications. This not only increases liquidity across chains but also opens up new possibilities for asset utilization in decentralized systems.</p> 
 <p>When questioned about the timing of the launch, especially given the current bearish sentiment surrounding the crypto market, Krishnan Nair, vice president of product at 21co, emphasized that downturns are periods for innovation and growth.</p> 
 <p>“While macro conditions have been challenging, our goal is to help elevate the crypto ecosystem as a whole,” Nair stated. The company believes that by extending their technical expertise to the defi space, they can establish a more seamless interaction between centralized finance (cefi) and decentralized platforms.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> ARK Invest and 21Shares join forces for crypto ETFs 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/21co-introduces-wrapped-tokens-of-xrp-bitcoin-other-tokens-tbt62497.html">https://thebittimes.com/21co-introduces-wrapped-tokens-of-xrp-bitcoin-other-tokens-tbt62497.html</a></p>

21co introduces wrapped tokens of XRP, Bitcoin, other tokens

TheBitTimes

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