21Shares Expands into UAE, with Listing of Bitcoin ETP on Nasdaq Dubai

Switzerland-based crypto ETP-issuer 21Shares announced today that it has extended its footprints into UAE, with the listing of the first physically-backed bitcoin ETP, 21Shares Bitcoin ETP, on Nasdaq Dubai.

"Our expansion into the UAE is a major milestone in 21Shares' international growth plans. Coming from the Middle East myself, the region is exceptionally important to me and, as a company, we are committed to providing regional investors with safe and secure access to cryptocurrency-backed products," said Hany Rashwan, CEO and co-founder of 21Shares.

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"Our partners Nasdaq Dubai and Dubai Financial Market share our vision to provide investors with access to new and exciting asset classes. 21Shares will continue to support the Middle East's ambitions to become a global crypto hub."

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), stated: "We are pleased that 21Shares has selected Nasdaq Dubai to list its ETP. This is another testament to Dubai's open, progressive, and innovation-first approach."

Up to now, 21Shares has listed 46 products in 12 exchanges across 9 countries.