Societe Generale, a bank that is ranked second in France, made a historic agreement with crypto investment firm 21Shares AG this week. The deal will give Societe Generale over-the-counter liquidity facilitation for 21Shares’ Bitcoin and Ethereum ETPs on local fund platforms.
These exchange-traded products (ETPs) comprise physically backed ABTC, CBTC for Bitcoin exposure, and AETH, CETH for Ethereum. Societe Generale will offer direct liquidity on popular institutional venues taken up by financial institutions across Germany and Eastern Europe.
With this deal, Societe Generale allows a broader range of investors to gain access to exposure to Bitcoin and Ethereum. The action is one further toward bringing digital assets into ordered, regulated, and traditional financial infrastructures.
21Shares was founded on a mission to democratize cryptocurrency investment with regulated and secure exchange-traded product offerings in Europe.
Under this agreement, its top crypto ETPs will become more easily accessible to banks, asset managers, and pension funds.
This development makes it simpler for institutional investors to access cryptocurrencies without them needing to work with digital wallets or private keys themselves.
Alistair Byas-Perry, who is both the global head of capital markets as well as EMEA investment for 21Shares, facilitated this deal. He stated that the deal will enable their Bitcoin and Ethereum products to be easily tradable and become more accessible to institutions.
Martina Schroettle, Societe Generale’s Head of ETF Sales Trading UK, was optimistic regarding their strategy of expanding access to liquidity. She described it as a broader strategy to provide institutional clients with more tools to trade in crypto markets.
Societe Generale expands institutional Crypto trading capabilities
It enables professional investors from Germany and Eastern Europe to trade crypto products using secure platforms. Collaboration will improve execution quality, reduce price spreads, and provide broader access to regulated crypto investment products.
Societe Generale offers institutional-grade liquidity expertise with a guarantee of more seamless trading action for Bitcoin and Ethereum through fund platforms.
21Shares continues to innovate regulated ETP products meeting investor demand alongside evolving financial norms within Europe and other jurisdictions.
The transaction is a result of rising institutional demand for regulated crypto investments with banks now actively engaging in adoption. 21Shares’ complete product portfolio remains available on its primary website for professional and institutional investors worldwide today.
