Societe Generale to Provide Liquidity for 21Shares Crypto ETPs

Berlin — Societe Generale, the 19th largest global banking conglomerate, announced a strategic partnership with digital asset manager 21Shares. Under the agreement, the French bank will provide liquidity, execution services, and market-making capabilities for the latter’s suite of European Exchange-Traded Products (ETPs) tracking Bitcoin (BTC), Ethereum (ETH), and crypto indices.

Through this collaboration, Societe Generale aims to support trading of specific 21Shares products (including ABTC, CBTC, AETH, and CETH) for the German and broader Eastern European investor bases, according to a Wednesday announcement.

Societe Generale’s involvement will facilitate direct Over-The-Counter (OTC) liquidity for these ETPs. This expansion is expected to enhance trading execution for existing clients while simplifying access to cryptocurrencies for institutional investors via traditional financial channels.

We are thrilled to partner with Societe Generale, a major player in the European ETF space… By bringing liquidity to our Bitcoin and Ethereum ETPs, Societe Generale is helping us advance our mission to deliver the most efficient and trusted crypto investment solutions to the market.

“We are thrilled to partner with Societe Generale, a major player in the European ETF space, as we continue to expand access to our ETPs,” stated Alistair Byas-Perry, global head of capital markets and EMEA investment at 21Shares. “By bringing liquidity to our Bitcoin and Ethereum ETPs, Societe Generale is helping us advance our mission to deliver the most efficient and trusted crypto investment solutions to the market.”

The strategic Societe Generale initiative reflects its continued commitment to cryptocurrency integration. Earlier this year, its dedicated blockchain subsidiary Societe Generale-FORGE partnered with Bitpanda to advance the adoption of its Euro-denominated stablecoin, EUR CoinVertible (EURCV). This action was undertaken prior to the full implementation of the European Union’s comprehensive Markets in Crypto-Assets Regulation (MiCA), which officially took effect for crypto-asset service providers on December 30, 2024.