21.co faucets Crypto.com to reinforce Bitcoin liquidity for 21BTC

• 21.co and Crypto.com introduced a strategic partnership aimed toward bolstering liquidity for the wrapped Bitcoin token 21BTC.
• The partnership additionally goals at enhancing accessibility for the token.

Crypto.com and 21.co, the mum or dad firm of 21Shares, have introduced a strategic alliance that may see the latter faucet into the cryptocurrency trade to reinforce its Wrapped Bitcoin (21BTC).

We’re excited to announce a brand new strategic partnership with @cryptocom to reinforce the liquidity and accessibility of 21BTC, enabling customers to place their idle Bitcoin to work throughout a number of chains.

“We’re thrilled to combine 21BTC with https://t.co/Oavs5Ti3Ip, enhancing person… pic.twitter.com/dkySZr9IqI

— 21.co (@21co__) October 7, 2024

The 2 corporations mentioned in a information launch on Oct. 7 that 21.co goals at utilizing its partnership with Crypto.com to spice up 21BTC’s liquidity and adoption.

“As two leaders in digital asset innovation, know-how and operations, the 21.co–Crypto.com partnership creates a robust mixture,” Eliezer Ndinga, Crypto.com head of technique and enterprise improvement, mentioned. “Crypto.com is without doubt one of the world’s largest digital property exchanges serving over 100 million customers globally. As one of many world’s largest issuers of crypto ETPs, 21.co brings asset administration greatest practices and operational excellence to the world of wrapped property.”

Key partnerships for 21BTC

It’s the newest collaboration inside the crypto business for 21.co, whose 21Shares is without doubt one of the main issuers of crypto exchange-traded merchandise.

In September, the corporate introduced integration with Chainlink for 21BTC. The brand new wrapped token launched in that enables customers to entry Bitcoin (BTC) on Ethereum. 21BTC leverages Chainlink’s Proof of Reserve to supply transparency and real-time collateralization.

21.co additionally partnered with Raydium, Solana’s largest decentralized trade to supply a 21BTC-JitoSOL pool. The token faucets into Raydium’s person base and platform whole worth locked for liquidity and adoption.

Raydium dominates the Solana ecosystem with its hybrid liquidity mannequin permitting merchants to faucet into deep liquidity by way of an automatic market maker pool and central restrict order guide.

21.co just lately partnered with Kamino Finance, the most important DeFi protocol on Solana. Kamino has a complete worth locked of over $1.6 billion and provides entry to borrowing, lending, and liquidity administration merchandise.