- BitGo and 21Shares have expanded their partnership to provide custody, trading, and staking services for 21Shares’ suite of U.S. ETFs and European ETPs.
- The deal brings integrated staking infrastructure, a major growth area for institutional crypto, directly into regulated investment products.
- The move follows a surge in institutional demand for crypto yield services, with multiple major custodians recently rolling out staking integrations.
- The service leverages BitGo’s regulated entities, including its OCC-chartered trust bank in the U.S. and its MiCA-licensed operations in Germany.
BitGo Holdings and 21Shares announced on Thursday they have significantly expanded their existing partnership to include custody and staking services for the latter’s crypto exchange-traded products in the U.S. and Europe. The agreement, detailed in an official announcement, provides 21Shares with access to BitGo’s regulated custody, trading, staking, and liquidity network.
Consequently, BitGo will deliver these services through its regulated entities, including a U.S. trust bank and its European operations authorized by Germany’s Federal Financial Supervisory Authority. 21Shares, a subsidiary of FalconX, manages over $5.4 billion assets under management across 59 listed products globally.
This strategic move comes less than one month after BitGo began public trading on the New York Stock Exchange. Meanwhile, the integration of staking into regulated custodial offerings reflects a clear industry trend toward yield-generating infrastructure.
In recent months, major institutional platforms have aggressively embedded staking as demand surges. For instance, Coinbase expanded its staking integration for several blockchains in October, while Anchorage Digital and Ripple announced similar partnerships with Figment.
Parallel to this, institutional interest in liquid staking tokens is also rising. Hong Kong‘s Hex Trust recently partnered with the Jito Foundation to integrate Solana’s JitoSOL token, allowing clients to earn rewards while keeping assets liquid.
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