21Shares has partnered with Societe Generale to expand access to its crypto ETPs in Europe, enhancing liquidity and execution for institutional Bitcoin and Ethereum products.
Today, crypto ETP issuer 21Shares AG announced a new partnership with French banking giant Societe Generale. Notably, the collaboration aims to enhance institutional access and trading efficiency for its Bitcoin and Ethereum exchange-traded products.
The collaboration focuses on Germany and Eastern Europe, markets that are experiencing a growing demand for crypto investment vehicles.
Societe Generale to Support Trading of Flagship Crypto ETPs
Under this new alliance, Societe Generale will serve as a market maker for four of 21Shares’ flagship crypto ETPs, traded under the symbols CBTC, ABTC, AETH, and CETH.
This includes the provision of over-the-counter (OTC) liquidity, a service crucial for handling large transactions outside traditional public exchanges. Institutions commonly use OTC platforms to manage high-volume trades in the digital asset space.
Specifically, by leveraging Societe Generale’s trading infrastructure and financial expertise, 21Shares aims to expand its reach and strengthen its offering for professional crypto investors in the region.
The partnership also aims to deliver tighter trading spreads, increased liquidity, and smoother execution for institutional clients.
Executive Commentary
According to Alistair Byas-Perry, who oversees EMEA Investment at 21Shares, the collaboration will help bring more efficiency to crypto ETP trading.
“This partnership strengthens our ability to offer secure and reliable investment tools in the crypto space,” he said.
For Societe Generale, the move reinforces its evolving role in the European digital asset space. Martina Schroettle, who heads ETF Sales Trading in the UK, said the bank is pleased to support 21Shares’ trading activities. She also called the initiative “an important milestone in expanding ETF and ETP access across the continent.”
Ultimately, as digital assets become increasingly mainstream, institutional investors are seeking dependable entry points into the cryptocurrency space. With this agreement, 21Shares and Societe Generale are setting a precedent for how traditional financial institutions can facilitate scalable access to digital markets.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
