Today, 21Shares launches its first DYDX token exchange-traded product (“ETP”), a vehicle to connect traditional investors to the dYdX protocol. Through its ETP, dYdX reaches out to a new world of institutional investors that sit beyond the horizon for onchain projects.
As part of our role supporting the dYdX Treasury SubDAO, kpk — together with the dYdX Foundation and 21Shares — helped steward the listing to completion and support the ETP’s operations.
Expanding upon our work on the Staking and Buyback Programs, this listing is a natural extension of our mandate to cultivate the financial position of the dYdX Ecosystem.