Swiss fintech giant 21Shares has launched a new exchange-traded product that tracks the XDC Network. This makes it easier for people to use blockchain-based financial tools. The XDC ETP is now available on Euronext Paris and Amsterdam. It gives institutional investors access to one of the fastest-growing enterprise blockchain ecosystems.
The new product lets traditional investors get regulated, on-exchange exposure to XDC without having to own the token directly. The launch, which is now available in major European markets, brings decentralized finance and traditional finance even closer together.
Bringing Institutional Access to XDC
The XDC Network is built for business-level apps like trade finance, supply chain management, and tokenizing real-world assets. It uses a hybrid blockchain model that combines public and private states. It is a popular choice among banks and other financial institutions that want to use distributed ledger technology without breaking any rules because it has an energy-efficient consensus mechanism and is compliant with ISO 20022.
By launching the XDC ETP, 21Shares enables broader investor participation in this promising network. The company said that the product is fully backed by XDC tokens held in cold storage, one for every product. Such an arrangement makes it clear and safe for everyone involved.
21Shares has launched a number of other blockchain-focused ETPs before this one, which have helped bring crypto assets to European stock exchanges. The company’s growing range of products now includes ETPs for Bitcoin, Ethereum, Solana, and a number of DeFi tokens.
A Smart Move for Bringing Crypto to Europe
The fact that it is listed on both Euronext Paris and Amsterdam shows that more people in the EU want to invest in a wider range of cryptocurrencies. As European regulators adopt the MiCA framework, more asset managers are looking into how to make digital asset products that are safe and follow the rules.
XDC is becoming more popular in business circles, and 21Shares is becoming known as a leader in crypto financial products. This ETP could be a model for future listings that are linked to enterprise blockchains. For now, it lets European investors see one of the most business-friendly blockchain networks up close.
Also read: Is Bit Digital’s Switch from Bitcoin to Ethereum a Wise Move or a Dangerous Bet?