21.co Wrapped BTC (21BTC) — price, overview & secure storage

What is 21.co Wrapped BTC and who created it?

21.co Wrapped Tokens represent a comprehensive suite of on-chain technology products that span various EVM and non-EVM based networks. Each token is supported by its respective underlying assets on a 1:1 basis. For instance, a single 21BTC is fully backed by 1 Bitcoin. The underlying assets for these tokens are securely held at independent institutional-grade custodians, ensuring the safety and integrity of the backing assets.

Key features of 21.co Wrapped BTC blockchain

The primary feature of 21.co Wrapped Tokens is their ability to provide a secure and reliable representation of underlying assets across different blockchain networks. This is achieved through a robust system of minting and burning tokens, which is facilitated by Onyx, 21.co's proprietary operating system. Onyx offers a user-friendly and secure gateway to cross-chain liquidity, making it easier for users to manage their assets across multiple blockchain platforms.

How 21.co Wrapped BTC transactions work

The minting and burning process of 21.co Wrapped Tokens is streamlined through Onyx. This system ensures that each token is backed 1:1 by its underlying asset, providing transparency and trust to users. By leveraging Onyx, users can seamlessly access cross-chain liquidity, allowing for efficient and secure transactions across different blockchain networks. This innovative approach not only enhances the usability of wrapped tokens but also ensures that they remain fully backed and secure.