21Shares is bringing decentralized finance to Wall Street with the launch of the world’s first dYdX ETP.
The product grants institutional investors a seamless, regulated entry point to dYdX—a leading decentralized derivatives exchange with over $1.4T in lifetime volume.
Key details:
- What it is:Â A physically-backed ETP for the DYDX token.
- How it works:Â Assets are managed via the dYdX Treasury subDAO.
- What’s next:Â Staking with auto-compounding rewards will be added shortly. This launch marks a significant milestone in the institutional adoption of DeFi protocols.
