Crypto ETP issuer 21shares said on Friday it had transferred custody of three physically backed products to BitGo Europe GmbH to ease French retail access through banks and brokers.
French investors can access the ETPs through existing bank or brokerage accounts, with availability subject to each intermediary’s policies and onboarding process. They trade on European venues including Euronext Paris and Deutsche Börse Xetra.
CBTC provides Bitcoin exposure. CSOL tracks Solana and incorporates staking yields, while the separate AXRP product provides XRP exposure. 21shares describes each ETP as 100% physically backed.
21shares described BitGo Europe as MiCA-compliant and licensed by German regulator BaFin. France’s AMF registry separately identifies the entity as holding a MiCA license and as permitted to offer crypto-asset services in France, including custody and administration, transfers, exchange and order-related services.
The issuer said the regulated custody setup reduces due-diligence and onboarding work for financial intermediaries while retaining segregated assets and institutional-grade security. In practice, that may make internal compliance reviews and operational integration easier, although individual banks and brokers still decide what they offer.
21shares said it was among the first issuers to list crypto ETPs on Euronext Paris in June 2021. It now has 49 crypto ETPs listed on the venue.
