According to Odaily Planet Daily, 21Shares' parent company 21.co has launched its packaged Bitcoin product "21BTC" on the Ethereum blockchain.

The company said it is working with market maker Flow Traders to launch a product that will give clients peace of mind as they explore decentralized applications and new opportunities on the Ethereum blockchain.

21.co’s 21BTC stores underlying assets securely in cold wallets without the need for cross-chain bridges.