Societe Generale Partners with 21Shares for Crypto Liquidity

Societe Generale, the 19th largest bank globally, has made strides in the cryptocurrency market by partnering with ETF issuer 21Shares.

21Shares revealed that this collaboration aims to enhance the liquidity of its Exchange-Traded Products (ETPs) in Germany and Eastern Europe. Under the agreement, Societe Generale will provide liquidity and market-making services for 21Shares’ Bitcoin and Ethereum ETPs including ABTC, CBTC, AETH, and CETH in European markets.

The bank will also offer over-the-counter (OTC) liquidity to bolster trading in 21Shares’ Bitcoin and Ethereum products. This partnership will integrate 21Shares’ BTC and ETH products into Societe Generale’s market-making frameworks, extending their reach to a wider audience of professional investors and enhancing institutional access across Europe.

Alistair Byas-Perry, global head of investments at 21Shares, expressed enthusiasm about the partnership:
> “We are excited to partner with Societe Generale, a major player in the European ETF space, as we continue to expand access to our ETPs. By providing liquidity to our Bitcoin and Ethereum ETPs, Societe Generale helps us advance our mission to deliver the most efficient and reliable crypto investment solutions to the market.”

*This is not investment advice.