Societe Generale, the 19th largest bankruptcy in the world of property, cooperates with the cryptocurrency asset manager 21shares to provide liquidity for crypto-based (ETP) products in European markets.
As part of the collaboration, the Societe Generale will provide liquidity and market service for 21shares’ cryptocurrency ETP for investors in Germany and Eastern Europe.
The European Banking Giant will provide over-the-counter (OTC) liquidity to support the 21shares’ Bitcoin trade (Btc) and ether (Eth) ETPs, including ABTC, CBTC, Aeth and Ceth-Tickered Funds, 21shares announced On Wednesday.
Bank involvement is expected to improve implementation, enhance liquidity and simplify access to crypto investment vehicles for institutional investors.
“We are pleased to partner with Societe Generale, a major player in the European ETF space, as we continue to expand access to our ETPs,” said Alistair Bars-Perry, Global Head of Capital Markets and EMEA investment at 21shares.
“By bringing liquidity to our Bitcoin and Ethereum ETPS, the Societe Generale helps us to advance our mission to deliver the most efficient and reliable crypto investment solutions to the market,” he added.
Societe Generale holds more than $ 1.7 trillion in total owners up to 2023, According to in S&P global data.
Related: Tether exceeds $ 111b of Germany of US Treasury Holdings
Collaboration continues to push Blockchain by Societe Generale
Societe Generale’s cooperation with 21shares is noteworthy, according to Martina Schroettle, head of ETF Sales Trading (UK) at the Societe Generale.
“It marks a significant milestone in our commitment to providing innovative liquidity solutions and accessing access to a wide range of ETFs and ETPs for our clients,” he said in an announcement.
The bank also explores additional blockchain-related initiatives.
Related: The approach is launching a bitcoin stock that has turned over $ 100 to increase Treasury
In September 2024, its blockchain subsidiary, General-forces of society.
Collaboration preceded the entire implementation of the European Union’s Crypto-Assets regulation markets (MICA) The framework, the first comprehensive regulation framework for the crypto industry that took place for crypto-asset service providers on December 30, 2024.
Cointelegraph reached the Societe Generale to comment on the broader blockchain initiatives but did not receive a response as a publication.
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