21Shares Pioneers First dYdX ETP - Unlocking Institutional DeFi Access
Wall Street meets decentralized finance as 21Shares cracks open institutional doors to dYdX's perpetual trading ecosystem.
Gateway to DeFi Yield
The ETP structure bypasses traditional custody headaches while providing regulated exposure to dYdX's native token—because nothing says institutional adoption like wrapping DeFi in traditional finance packaging.
Finally—a product that lets institutions pretend they understand decentralized exchanges while keeping their compliance departments marginally satisfied.
Access to defi derivatives for institutions
dYdX is a leading protocol for perpetual futures, with a cumulative trading volume of over USD 1.4 trillion and more than 230 markets. With the ETP from 21Shares, investors can now access this segment through the same infrastructure used for traditional financial instruments. According to Mandy Chiu, Head of Product Development at 21Shares, this is an important step for DeFi adoption and opens up new opportunities for institutional investors.
21Shares plans to add features such as dYdX staking and auto-compounding to the ETP in the future. This will allow investors to automatically reinvest their rewards into DYDX tokens, enhancing yield potential and further increasing the product’s attractiveness for institutional investors.
Market trend and significance
The introduction of the dYdX ETP comes at a time when other platforms such as Kraken, Cboe, and Bitget are also expanding their crypto derivatives offerings. This demonstrates the rising acceptance and demand for regulated crypto derivatives in the institutional space and highlights the increasing integration of DeFi into traditional financial markets.
With the launch of the dYdX ETP, 21Shares is positioning itself as a leading provider of regulated crypto products in Europe. Listing on Euronext Paris and Amsterdam enhances the visibility of DeFi derivatives among institutional investors and signals the growing professionalization of the European crypto market.
