BitGo and 21Shares, a global issuer of cryptocurrency exchange traded products (ETPs), have agreed to expand their partnership across the US and Europe.
The collaboration will deepen across staking and custody services to support 21Shares’ growing suite of crypto ETP products.
21Shares manages US$5.7bn in assets and offers a broad range of digital asset investment products.
Its institutional approach to product development and operations positions it as a strategic partner for BitGo.
This comes amid rising demand for regulated crypto exposure in key markets.
BitGo provides security, trading and execution capabilities, integrated staking services, and a regulated, insured custody framework.
Through BitGo, 21Shares gains access to liquidity, execution across electronic and OTC markets, and competitive staking rewards.
Adam Sporn
“21Shares is one of the leading digital asset managers globally and we’ve valued our partnership from the outset,”
said Adam Sporn, Head of Prime Brokerage and Institutional Sales at BitGo.
“We’re excited to expand our relationship across their growing suite of U.S. ETF products and global ETPs across staking and custody.”
Andres Valencia
“21Shares prides itself on providing a custody framework designed to support institutional digital asset operations and risk management across its global lineup of ETPs,”
said Andres Valencia, Head of Investment Management at 21Shares.
“BitGo was selected due to the firm’s track record in regulatory compliance, safety and security, and we are thrilled to be expanding our relationship across staking and custody services.”
The expansion follows recent milestones for BitGo, including approval from the Office of the Comptroller of the Currency (OCC) to convert its subsidiary BitGo Bank & Trust into a federally chartered trust bank, and its listing on the New York Stock Exchange.
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J.P. Morgan Asset Management has launched its first tokenised money market fund, My OnChain Net Yield Fund (MONY), on the public Ethereum blockchain.
The fund is powered by Kinexys Digital Assets, the firm’s multi-chain asset tokenisation solution.
MONY is a 506(c) private placement fund offering qualified investors the ability to earn US dollar yields by subscribing via Morgan Money, J.P. Morgan’s trading and analytics platform for liquidity management.
Morgan Money integrates both traditional and on-chain assets, providing access to a range of money market products.
J.P. Morgan is the largest global systemically important bank (GSIB) to launch a tokenised money market fund on a public blockchain.
Qualified investors can access MONY exclusively through Morgan Money, receiving tokens at
Broadridge has announced that Societe Generale has completed its first digital bond issuance in the US using Broadridge’s tokenisation capability.
The bonds were issued by Societe Generale-FORGE, the bank’s subsidiary focused on digital assets.
The transaction demonstrates how institutions can use tokenisation and permissioned blockchain technology to enable instant settlement and greater transparency while remaining compliant with traditional capital markets practices.
Broadridge’s tokenisation capability allows firms to issue, trade, and manage securities in digital form, with features such as privacy controls, credential management, and direct investor ownership.
For this transaction, Broadridge and Societe Generale-FORGE used IntellectEU’s Catalyst Blockchain Manager to operate their
Mergers and acquisitions (M&A) activity in the cryptocurrency sector has surged in 2025, reaching record levels amid accelerating industry consolidation, deeper convergence between traditional finance and digital assets, and a more supportive regulatory landscape.
In Q3 2025 alone, the sector recorded 96 announced M&A transactions, totaling US$10.4 billion, according to new data from Architect Partners, a M&A and strategic financing advisory firm specialized in crypto and fintech. These figures represent a staggering 3,367% year-over-year (YoY) increase in M&A value from US$0.3 billion in Q3 2024, and a 191% YoY increase in deal count from 33 deals.
Year-to-date, the sector has posted 271 transactions for the first three quarters of 2025, nearly double the 128 recorded during the same
The US Commodity Futures Trading Commission (CFTC) may permit trading platforms licensed under Europe’s new MiCA framework to operate in American markets, Acting Chairman Caroline D. Pham told UK lawmakers.
Speaking before the All-Party Parliamentary Group on Blockchain Technologies in London, Pham said the CFTC is examining whether MiCA-authorised venues could qualify under its long-standing cross-border recognition rules.
According to Finance Magnates, Pham stated:
Caroline D. Pham
“The CFTC will also explore whether trading platforms authorised under the EU Markets in Crypto-Assets Regulation (MiCA), or similar virtual asset or crypto asset regimes, would also qualify under the CFTC’s current cross-border frameworks.”
The Acting CFTC Chair highlighted that many US crypto firms relocated
New research has indicated that the US Federal Reserve’s monetary policy has only a limited effect on stablecoin lending rates, according to a conference at Warwick Business School.
Presenting at Warwick Business School’s Gillmore Centre for Financial Technology Academic Conference on DeFi and Digital Currencies, Andrea Barbon of the University of St. Gallen analysed 2.5 million transactions of US dollar-backed stablecoins on the DeFi platform Aave.
The conference, held at WBS London in The Shard, was attended by representatives from the European Central Bank, the Bank for International Settlements (BIS), Banque de France, and leading fintech academics worldwide.
Researchers highlighted the growing popularity of stablecoins and Donald Trump’s new Genius Act, which regulates cryptocurrency,
Cryptocurrency crime is surging in 2025, with total crypto losses for the first half of the year already exceeding the 2023 total and on track to set a new record, according to a new report by American blockchain analysis firm Chainalysis.
This surge is being driven by thefts from cryptocurrency services, and personal wallet compromises.
Total crypto losses reached approximately US$2.8 billion in H1 2025, 12% higher than the 2023 total of about US$2.5 billion and equivalent to roughly 88% of 2023’s US$3.3 billion. At the current pace, losses could surpass US$4 billion by year-end, exceeding the previous record set in 2022.
Total crypto losses, Source: Chainalysis, Jul 2025
Crypto services as prime targets
This year, cryptocurrency services continue to bear the brunt of thefts, with over
J.P. Morgan Launches Tokenised Money Market Fund on Ethereum
Societe Generale Completes First US Digital Bond Using Broadridge Tokenisation
Crypto M&A Reaches New Record with Total Value Surging More Than 34-Fold YoY
CFTC Considers Allowing MiCA-Licensed Platforms to Operate in US
US Fed Has Limited Impact on Stablecoin Lending Rates
Crypto Crime Surges in 2025, Set to Break Records
