21Shares Launches Raydium Protocol ETP in Europe

The new ARAY product allows European investors to gain exposure to RAY tokens via traditional banks and brokerages.

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Summary

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Terms & Concepts
  • ETP (Exchange-Traded Product): A type of security that tracks an underlying asset, such as a cryptocurrency, and is traded on traditional stock exchanges.
  • Raydium Protocol: A decentralized exchange and liquidity provider built on the Solana blockchain, allowing fast and low-cost token swaps.
  • RAY Token: The native cryptocurrency of the Raydium Protocol, used for governance, staking, and transaction fees within its ecosystem.