DeFi startup Zenrock plans to launch a decentralized escrow service. Zenrock was restructured after Qredo was acquired by 10T Holdings and 1RoundTable Partners to decentralize private key management through a decentralized multi-party computing (MPC) wallet, thus avoiding the risk of a single point of failure. Zenrock is currently in the testnet phase and plans to go live within the year. The company also announced the launch of a decentralized bitcoin token, zenBTC.