Odaily Planet Daily News 21.co, the parent company of crypto ETP issuer 21Shares, has launched eight packaged tokens, including BTC, BNB, XRP, ADA, etc., aiming to expand the adoption of DeFi. 21.co said that like its other products, its encapsulated tokens are built on its proprietary operating system, Onyx.
Encapsulated tokens enable cross-chain compatibility, allowing assets such as Bitcoin to run on Ethereum and be used in DeFi, which enhances cross-chain liquidity and expands the utility of crypto assets. (The Block)