XRP in Regulatory Focus as 21Shares Launches on Nasdaq Stockholm with Fully Backed ETPs

XRP’s role in cross-border payments is gaining momentum as 21Shares’ new ETP products are listed on Nasdaq Stockholm, marking a major step forward for compliant crypto access across Europe.

XRP Fuels ‘Breakthrough Moment for Crypto in Europe’ with Compliant ETP Access

Cryptocurrency investment firm 21Shares AG, known for its exchange-traded products (ETPs) related to digital assets, announced a new listing on Nasdaq Stockholm as part of its European expansion strategy on March 24.

Headquartered in Zurich and managing over $7.5 billion in assets, 21Shares confirmed: “The new listings include the 21Shares Bitcoin Core ETP (CBTC), 21Shares Solana Staking ETP (ASOL), and 21Shares XRP ETP (AXRP).” The company is active on 11 major exchanges including Euronext Amsterdam and SIX Swiss Exchange, with the aim of expanding access to cryptocurrencies for both institutional and retail investors in the Nordic region.

Mandy Chiu, Head of Financial Product Development at 21Shares, commented on the company’s regulatory and strategic developments:

“This is a groundbreaking moment for crypto in Europe, with growing confidence in the MiCA regulatory framework and growing participation from institutional investors.”

She also added: “Our presence on Nasdaq Stockholm reflects our ambition to simplify crypto investing for European investors.” The newly launched CBTC offers access to physically backed bitcoin with a low management fee of just 0.21%, while ASOL offers the opportunity to earn staking returns via the Solana blockchain. These products offer investors a highly regulated way to participate in growing crypto areas such as decentralized finance and blockchain-based identity systems.

On the strategic role of the XRP product, the company said:

"The 21Shares XRP ETP (AXRP) is fully backed by XRP, providing investors with transparent and compliant exposure, along with XRP's critical role in cross-border payments transactions."

These listings help 21Shares strengthen its position in markets with high demand for secure and compliant digital asset investments. The launch on Nasdaq Stockholm is a step forward in the company's efforts to bridge traditional finance with decentralized innovations, affirming its position as a key player in the global crypto ETP space.