January 12, 2022 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency ETPs, today announced the listing of the world’s first crypto ETP on the Terra blockchain in CHF, EUR, and USD on SIX Swiss Exchange.
Terra (ISIN: CH1145931015, Ticker: LUNA) is the world’s second-largest ecosystem after Ethereum, with $18.8bn in total value locked (TVL). TVL is the key metric to describe the number of assets being staked in a blockchain protocol.
- 21Shares Terra ETP provides a solution for investors looking to gain access to an alternative ecosystem that is not based on the Ethereum Virtual Machine (EVM).
- Terrafor Labs was founded in 2018 by Daniel Shin, co-founder of TicketMonster, an South Korean e-commerce platform, and by Do Kwon, a former Microsoft and Apple software engineer.
- The Terra ecosystem includes DeFi (Decentralized Finance) infrastructure, financial tools applications, and NFT solutions. The most important innovation in the ecosystem is its DeFi solution Anchor. The Anchor protocol generates very attractive yields for investors with borrowing and lending solutions.
- The underlying Terra blockchain technology allows up to 10,000 transactions per second (TPS) and with a transaction time of 2 seconds. In contrast, Ethereum processes 15-30 transactions with a transaction time of over 1 minute . Finally, the transaction costs are very low.
Hany Rashwan, CEO 21Shares said: “We have been following the Terra ecosystem for a long time and have been very impressed with its development and traction. We are thrilled to offer investors the world’s first listed ETP tracking this innovative product.”
As of January 2022, 21Shares manages more than $2+ billion in 22 cryptocurrency ETPs and 83 listings, including the world’s only ETPs tracking Binance, 4 Crypto Index Baskets and two ETPs with investor staking rewards (Tezos and Solana). Its products are listed on ten regulated European and Swiss trading exchanges.
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21Shares takes innovation to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world. In 2018 it pioneered the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and it continues powering its cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy. 21Shares aims to provide all investors with an easy, secure, and regulated way to buy, sell, and short cryptocurrency through existing bank and brokerage accounts. The 21Shares issuance platform, Onyx, is used by both 21Shares and third parties to issue and operate cryptocurrency ETPs around the world. For more information, please visit www.21shares.com.
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