BitGo Holdings, a US-based digital asset infrastructure firm, has expanded its partnership with crypto ETP issuer 21Shares to cover broader staking and custody services for exchange-traded products offered across the United States and Europe, the companies said.
Expanded role for BitGo in 21Shares platform
The revised partnership deepens BitGo’s role in supporting 21Shares’ platform and extends its staking and custody services to a wider range of the issuer’s crypto ETPs and ETFs, reflecting growing institutional appetite for regulated digital asset products in the U.S. and EMEA.
Through BitGo, 21Shares can tap liquidity across electronic and over-the-counter markets as well as staking rewards, while keeping client assets within a regulated, insured, and qualified custody framework aimed at institutional users.
21Shares’ $5.7 billion ETP platform leans on BitGo for custody and execution
Switzerland-based 21Shares is one of the largest issuers of cryptocurrency exchange-traded products globally, with assets under management of $5.7 billion. The firm has been building out a diversified ETF and ETP range and positions itself as an institutional-grade provider with a focus on risk management and operational discipline.
BitGo, the infrastructure provider, supplies 21Shares with the technology and operational services, including security protocols, integrated staking and execution services, and access to trading venues.
“We’re excited to expand our relationship across their growing suite of U.S. ETF products and global ETPs across staking and custody. As 21Shares continues to scale its business worldwide, we look forward to supporting their future initiatives with a shared long-term vision,” said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo.
Partnership builds on parallel regulatory milestones
The deal comes as BitGo secures OCC approval to convert its bank unit into a federally chartered digital asset trust bank and completes a New York Stock Exchange listing, while relying on an existing MiCAR license from German regulator BaFin to offer regulated crypto services across the European Union.
At the same time, 21Shares has been widening its own regulatory footprint, co-launching one of the first U.S. spot bitcoin ETFs with ARK, gaining FCA approval for crypto ETNs on the London Stock Exchange, and expanding its line-up with new index and single-asset crypto products across Europe and the United States, including recent listings on Nasdaq Stockholm and U.S. ’40 Act crypto index funds.
