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Societe Generale, the 19th largest bank in the world, has taken an innovative step regarding Bitcoin and Ethereum.
Accordingly, French banking giant Societe Generale and ETF issuer 21 Shares have established a partnership.
21Shares announced a partnership with Societe Generale to increase the liquidity of its ETPs in Germany and Eastern Europe.
Under this agreement, Societe Generale will provide liquidity and market-making services for 21 Shares’ Bitcoin and Ethereum (ABTC, CBTC, AETH, CETH) ETPs in European markets.
The bank will provide over-the-counter (OTC) liquidity to support 21Shares’ Bitcoin and Ethereum trading.
This collaboration will see 21Shares’ BTC and ETH products join Societe Generale’s existing market-making platforms. This will now reach a broader audience of professional investors and expand its institutional reach across Europe.
Alistair Byas-Perry, global head of investments at 21Shares, said:
“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.
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