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21Shares lists world’s first Cosmos ETP

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Crypto ETP issuer 21Shares AG has announced the listing of the first crypto ETP for the Cosmos blockchain in CHF, EUR, and USD on SIX Swiss Exchange.

Cosmos (ISIN: CH1145930991, Ticker: ATOM) is pioneering an ecosystem of parallel blockchains including the two largest ecosystems of Ethereum and Terra to help propel a decentralised, interoperable future using the Inter-Blockchain Communication (IBC) protocol, 21Shares writes, adding that to date, Cosmos has integrated 262+ applications and services, with more than USD155 billion in value locked in.

The firm writes that the 21Shares Cosmos ETP delivers a product for investors looking to capitalise on the growth trajectory of interoperable, decentralized blockchains that are empowering the early stages of the metaverse.

Cosmos was founded in 2016 by blockchain engineers Jae Kwon, Zarko Milosevic and Ethan Buchman who, two years earlier, had co-founded Tendermint, a blockchain engine that served as the gateway for the Cosmos ecosystem. 

The Cosmos ecosystem includes Decentralised Finance (DeFi) infrastructure and marketplaces, financial tools such as wallets and smart contracts, as well as gaming applications, and more. The most important innovation in the Cosmos ecosystem is its ability to enable the use of the IBC protocol to allow blockchains to exchange value without surrendering their underlying assets. 

The Cosmos Hub serves as the economic centre of the ecosystem by providing a next-generation decentralized digital asset exchange, a router between DeFi chains such as Ethereum and Bitcoin, an interchain security feature, and a custodian feature for digital assets.

Hany Rashwan, CEO and Co-Founder 21Shares, says: “Cosmos has built a top platform that can empower everything from finance to the meta verse. We are thrilled to launch this product as we continue building widely accessible bridges into the crypto world.

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