21.co Launches Bitcoin Product Backed 100% by BTC Reserve
CryptoNewsTerminal Staff31 May, 2024
21.co Launches Bitcoin Product Backed 100% by BTC Reserve
21.co, an affiliate of the world's largest crypto ETP issuer 21Shares, has launched a 21BTC native Bitcoin product. The product is said to be backed 100% by reserve in BTC, and all reserves are kept in 1:1 linkage with the value of the investment in a third-party (external) custodian. This means that for every 21BTC token issued, there is 1 BTC held in reserve. This provides investors with peace of mind knowing that their investment is backed by a real asset. The 21BTC product is available for purchase on the 21.co website.
