Societe Generale to support 21Shares Crypto ETPs: Growing Blockchain Ambitions?
Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets.
As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern Europe.
The European banking giant will provide over-the-counter (OTC) liquidity to support the trading of 21Shares’ Bitcoin (BTC) and Ether (ETH) ETPs, including its ABTC, CBTC, AETH and CETH-tickered funds, 21Shares announced on Wednesday.
The bank’s involvement is expected to improve execution, enhance liquidity and simplify access to crypto…
