21Shares Launches World’s First ETP Offering Single Asset

The 21Shares Lido DAO ETP will present traders with entry to Lido DAO ecosystem

ZURICH, June 12, 2023 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency alternate traded merchandise (ETPs) and a subsidiary of 21.co, right now introduced the launch of the 21Shares Lido DAO ETP (LIDO). This product gives traders first-of-its-kind single asset publicity to Lido DAO (“Lido”), the market-leading liquid staking answer for numerous Proof-of-Stake (PoS) blockchains, together with Ethereum, Polygon and Solana.

Lido’s mission is to make staking easy, safe and decentralized. It does so by enabling customers to stake their belongings and obtain an equal quantity of staked tokens (“stTokens”) in return, which accrue staking rewards. These stTokens can then even be traded on the secondary market and used inside DeFi purposes, a course of referred to as “liquid staking.” Liquid staking permits customers to entry the advantages of staking with out dealing with lock-up durations or excessive minimal staking quantities that may place staking out-of-reach for a lot of on a regular basis traders. Lido is the biggest liquid staking supplier, chargeable for $13.33B in complete worth locked out of the mixed $19.53B in complete worth locked throughout the house as a complete. With the 21Shares Lido DAO ETP, traders have a simplified and safe strategy to acquire publicity to the expansion of liquid staking by way of an ETP that’s absolutely collateralized, with institutional grade safety and custody options.

“The 21Shares Lido DAO ETP was launched to supply traders publicity to liquid staking, one of many fastest-growing segments within the digital asset house,” mentioned Arthur Krause, Director of ETP Product at 21Shares. “Lido DAO’s place as a pioneer and market-leader make this a super entry level for traders trying to take part within the progress of this necessary sector.”

The 21Shares Lido DAO ETP (LIDO) is presently listed on BX Swiss, and will probably be cross-listed on Euronext Paris this Wednesday, June 14.

About 21.co

21.co is the world’s chief in offering entry to crypto by way of easy and straightforward to make use of merchandise. 21.co is the mother or father firm of 21Shares, the world’s largest issuer of cryptocurrency alternate traded merchandise (ETPs) – which is powered by Onyx, a proprietary know-how platform used to situation and function cryptocurrency ETPs for 21Shares and third events. The corporate was based in 2018 by Hany Rashwan and Ophelia Snyder. 21.co is registered in Zug, Switzerland with workplaces in Zurich and New York. For extra data, please go to 21.co.

Press Contact
Megan Enright, Communications Supervisor, press@21.co