Societe Generale to support 21Shares Crypto ETPs: Growing Blockchain Ambitions?
The post Societe Generale to support 21Shares Crypto ETPs: Growing Blockchain Ambitions? appeared on BitcoinEthereumNews.com. 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 investment vehicles for institutional investors. “We are thrilled to partner with Societe Generale, a major player in the European ETF space, as we continue to expand access to our ETPs,” said Alistair Byas-Perry, global head of capital markets and EMEA investment at 21Shares. “By bringing liquidity to our Bitcoin and Ethereum ETPs, Societe Generale is helping us advance our mission to deliver the most efficient and trusted crypto investment solutions to the market,” he added. The top 20 largest banking conglomerates. Source: Wikipedia Societe Generale holds over $1.7 trillion in total assets as of 2023, according to S&P Global data. Related: Tether surpasses Germany’s $111B of US Treasury holdings Partnership continues Societe Generale’s blockchain push Societe Generale’s partnership with 21Shares is notable, according to Martina Schroettle, head of ETF sales trading (UK) at Societe Generale. “This marks a significant milestone in our commitment to providing innovative liquidity solutions and enhancing access to a wide range of ETFs and ETPs for our clients,” she said in the announcement. The bank has also been exploring additional blockchain-related initiatives. Related: Strategy launches Bitcoin stock pegged at $100 to increase treasury In September 2024, its blockchain subsidiary, Societe Generale-FORGE, partnered with Bitpanda to advance…
The post Societe Generale to support 21Shares Crypto ETPs: Growing Blockchain Ambitions? appeared on BitcoinEthereumNews.com.
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 investment vehicles for institutional investors. “We are thrilled to partner with Societe Generale, a major player in the European ETF space, as we continue to expand access to our ETPs,” said Alistair Byas-Perry, global head of capital markets and EMEA investment at 21Shares. “By bringing liquidity to our Bitcoin and Ethereum ETPs, Societe Generale is helping us advance our mission to deliver the most efficient and trusted crypto investment solutions to the market,” he added. The top 20 largest banking conglomerates. Source: Wikipedia Societe Generale holds over $1.7 trillion in total assets as of 2023, according to S&P Global data. Related: Tether surpasses Germany’s $111B of US Treasury holdings Partnership continues Societe Generale’s blockchain push Societe Generale’s partnership with 21Shares is notable, according to Martina Schroettle, head of ETF sales trading (UK) at Societe Generale. “This marks a significant milestone in our commitment to providing innovative liquidity solutions and enhancing access to a wide range of ETFs and ETPs for our clients,” she said in the announcement. The bank has also been exploring additional blockchain-related initiatives. Related: Strategy launches Bitcoin stock pegged at $100 to increase treasury In September 2024, its blockchain subsidiary, Societe Generale-FORGE, partnered with Bitpanda to advance…
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