BitGo Secures Custody for $5.4B in 21Shares Global ETPs
BitGo Holdings and ETP issuer 21Shares announced an expanded partnership on Thursday, deepening the integration between the two firms to serve investors in the United States and Europe. Under the agreement, BitGo will deliver qualified custody, trading, execution services, and integrated staking infrastructure for 21Shares' global crypto investment products. The deal brings BitGo's regulated framework to a substantial portfolio, as 21Shares manages over $5.4 billion in assets across 59 exchange-traded products listed on 13 exchanges as of February 11.
The services will be provided through BitGo's regulated entities, including its federally chartered trust bank approved by the U.S. Office of the Comptroller of the Currency (OCC) and its MiCA-licensed operations in Germany. This arrangement gives 21Shares, a subsidiary of FalconX, access to robust, compliant infrastructure for its institutional-grade products, including a recently listed company on the New York Stock Exchange under the ticker BTGO.
Staking Integration Becomes Standard for Institutional Crypto Platforms
The partnership highlights a defining trend in the digital asset market: the convergence of regulated custody and crypto-native yield generation. As institutional demand for yield-generating products grows, custody platforms are increasingly embedding staking services directly into their core offerings. This move is a direct response to a competitive environment where providing secure asset storage is no longer sufficient.
In recent months, major players have made similar moves. Coinbase expanded its staking services with Figment, while Anchorage Digital also partnered with Figment to offer Hyperliquid staking. This industry-wide push underscores the maturation of crypto financial infrastructure, transforming staking from a feature primarily for crypto natives into an essential component of regulated investment products designed for a broader institutional audience.
