21Shares AG, the world’s leading issuer of cryptocurrency exchange-traded products (ETPs), has announced its latest product: the 21Shares Celestia Staking ETP. This financial product seeks to bridge the gap between traditional investment mechanisms and blockchain technology, offering investors a seamless entry point into the high-reward ecosystem of staking yields without the risks traditionally associated with direct TIA tokens ownership.
Bridging Traditional Finance And TIA
21Shares, a leading issuer of cryptocurrency ETPs and part of 21.co, unveiled the 21Shares Celestia Staking ETP (Ticker: ATIA). The 21Shares Celestia Staking ETP, listed under the ticker ATIA, represents a significant jump forward in the integration of blockchain technology with traditional financial instruments. Launched in collaboration with Celestia, a pioneering Layer 1 modular data availability network established in October 2023, the ETP offers a robust investment opportunity.
Celestia stands out in the blockchain space for its innovative approach to scaling and deploying blockchain infrastructure, characterized by its unique consensus mechanism and data availability sampling (DAS) technology. This not only enhances the security of blockchain networks but also drastically reduces the costs associated with maintaining them—by close to 99%.
At the center of this ETP is the Celestia network’s native token, TIA, around which the investment product is structured. By investing in the ETP, individuals gain exposure to the performance of TIA and, by extension, the operational and financial success of the Celestia network itself. This exposure is further enhanced by the ETP’s strategy of capturing and reinvesting staking yields, providing investors with a potential source of passive income that is managed professionally, thereby reducing risk.
Mandy Chiu, Head of Financial Product Development at 21Shares, said, “Celestia represents the future of blockchain architecture, and we are thrilled to offer investors the opportunity to participate in its growth through our Celestia ETP. As the world’s largest issuer of cryptocurrency ETPs, we are committed to delivering innovative investment products that unlock the potential of emerging blockchain technologies.”
This commitment is evident in the meticulous design of the Celestia ETP, which combines the security of physical backing with the innovative potential of blockchain staking yields.
21Shares Boosts Celestia’s Staking Potential
One of the most interesting things of the 21Shares Celestia Staking ETP is its design as a 100% physically backed investment product. Each ETP share is backed by an equivalent holding of TIA tokens, which are securely stored in cold storage by an institutional-grade custodian.
This setup not only ensures the physical backing of the ETP but also offers a level of security and peace of mind that is often lacking in direct cryptocurrency investments. For investors, this means the benefits of blockchain investments—such as participation in staking yields—are accessible without the need to directly lock assets or go through the complexities of the crypto market.
The Celestia Staking ETP is now available for trading on the Euronext Paris & Amsterdam exchanges, offering a convenient and secure avenue for investors looking to tap into the crypto market without the direct risks associated with cryptocurrency ownership.
Celestia developers aim to shift towards an ecosystem where secure light nodes are easily operable by anyone, blockchains can seamlessly build upon each other, and developers have the freedom to deploy their own chains due to an increase in block space. The planned upgrades include an expansion of block support from an initial 2MB to 8MB, with ambitions to reach 1GB blocks facilitated by on-chain governance.
As the blockchain ecosystem continues to expand, the introduction of products like the 21Shares Celestia Staking ETP signals a maturing of the market and a growing recognition of the potential for blockchain technology to offer viable, innovative investment opportunities.
