21Shares Expands Partnership with BitGo for ETP Custody and Staking Services
BitGo will provide secure storage and OTC support for US and European products, enabling regulated staking yields and faster asset transfers.
Fact Check
Multiple independent and authoritative sources, including Cointelegraph and press release aggregators such as TabbFORUM and StockTitan, directly confirm that 21Shares expanded its partnership with BitGo. Each source references official statements or press releases from both companies describing the expansion to include regulated custody and staking services for 21Shares’ crypto exchange-traded products (ETPs) across the U.S. and Europe. The coverage is consistent, credible, and uncontradicted by any source. Given the uniformity of evidence and direct corporate confirmation, the statement is highly likely to be true.
Summary
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Terms & Concepts
- ETP (Exchange-Traded Product): A type of security that is priced and traded on a stock exchange, often tracking an underlying asset or index, such as cryptocurrency.
- Staking: The process of locking up digital assets to support the operations of a blockchain network in exchange for rewards.
- OTC (Over-the-Counter): A trading method where financial instruments are traded directly between two parties rather than via a public exchange.