21Shares to List Europe’s First Polygon ETP in Paris, Amsterdam

Crypto exchange-traded product (ETP) issuer 21Shares is listing Europe’s first product linked to the performance of polygon on the Euronext exchanges in Paris and Amsterdam.

• The listing follows the polygon ETP’s unveiling on the SIX Swiss Exchange last month.

• The ETP will track the Ethereum-scaling network Polygon’s native token, MATIC. Polygon was developed as a means to reduce congestion and fees on the Ethereum network and now hosts more than 3,000 applications.

• 21Shares now boasts 20 crypto ETPs, including the world’s first tracking the performance of Solana, which it listed on SIX in June.

• The firm also tapped U.K.-based infrastructure provider Copper for its custody and staking requirements in October.

• 21Shares manages more than $2.9 billion across its crypto ETPs and 81 other listings, according to an announcement Wednesday.

Read more: Polygon Becoming More Independent From Ethereum as App Numbers Rise: Report