21Shares Joins Forces with Societe Generale: Supercharging Crypto ETP Accessibility

Wall Street meets crypto—again. 21Shares just locked arms with banking giant Societe Generale to bulldoze barriers for institutional crypto ETPs. Because nothing says 'adoption' like legacy finance playing catch-up.

The Backroom Handshake

No numbers disclosed (classic finance opaqueness), but the partnership aims to leverage SocGen's distribution muscle and 21Shares' crypto-native expertise. TradFi infrastructure meets digital asset innovation—with fees tucked neatly in the fine print.

Why This Stings for Crypto Purists

The irony? The same institutions that mocked Bitcoin in 2017 are now racing to repackage it as a 'product.' Meanwhile, decentralized exchanges keep eating their lunch. A cynical take? Banks finally found a way to charge custody fees on assets designed to bypass them.

One thing's certain: when French banking aristocracy and Swiss crypto upstarts tango, the music is always... profit.