21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs), has announced a strategic partnership with Société Générale, a major European financial services company. The aim of this market making fund platform partnership is to expand the institutional access to crypto.
Through this partnership, 21Shares’ crypto ETPs, including Bitcoin, Ethereum, and other digital assets, will be made available to Société Générale‘s network of institutional clients. Société Générale, on the other hand, will provide over-the-counter liquidity on 21Shares’ Bitcoin and Ethereum based ETPs on fund platforms for German and East European investors.
Hany Rashwan, Co-founder and CEO of 21Shares, said, “We are thrilled to work with Société Générale, a forward-thinking institution that understands the future of finance is digital…. This partnership not only broadens access to our ETPs but also reinforces the legitimacy of crypto as an investable asset class in Europe.”
This partnership between 21Shares and Société Générale shows increasing institutional confidence in cryptocurrencies, especially in Germany and the Eastern European region.
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