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BitGo and 21Shares, a global issuer of cryptocurrency exchange traded products (ETPs), have agreed to expand their partnership across the US and Europe.
The collaboration will deepen across staking and custody services to support 21Shares’ growing suite of crypto ETP products.
21Shares manages US$5.7bn in assets and offers a broad range of digital asset investment products.
Its institutional approach to product development and operations positions it as a strategic partner for BitGo.
This comes amid rising demand for regulated crypto exposure in key markets.
BitGo provides security, trading and execution capabilities, integrated staking services, and a regulated, insured custody framework.
Through BitGo, 21Shares gains access to liquidity, execution across electronic and OTC markets, and competitive staking rewards.
Adam Sporn
“21Shares is one of the leading digital asset managers globally and we’ve valued our partnership from the outset,”
said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo.
“We’re excited to expand our relationship across their growing suite of U.S. ETF products and global ETPs across staking and custody.”
Andres Valencia
“21Shares prides itself on providing a custody framework designed to support institutional digital asset operations and risk management across its global lineup of ETPs,”
said Andres Valencia, Head of Investment Management at 21Shares.
“BitGo was selected due to the firm’s track record in regulatory compliance, safety and security, and we are thrilled to be expanding our relationship across staking and custody services.”
The expansion follows recent milestones for BitGo, including approval from the Office of the Comptroller of the Currency (OCC) to convert its subsidiary BitGo Bank & Trust into a federally chartered trust bank, and its listing on the New York Stock Exchange.
BitGo also holds a Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s BaFin, allowing it to provide regulated services across the EU.
Featured image credit: Edited by Fintech News Switzerland, based on image by Frolopiaton Palm via Freepik
