Wealth App Stratiphy Partners With 21Shares to Offer Crypto ETNs Under New UK Rules
Wealth management app Stratiphy has teamed up with 21Shares to provide retail investors in the UK access to crypto Exchange Traded Notes (ETNs) following new regulations by the Financial Conduct Authority (FCA). This partnership allows UK retail investors to purchase and hold regulated crypto products, a notable shift in the UK’s approach to digital assets. Stratiphy will be the first UK wealth manager to list the 21Shares products, which include physically backed Bitcoin and Ethereum ETNs. Users will gain the ability to incorporate crypto exposure alongside traditional assets using Stratiphy's AI tools designed for risk management and investment strategy automation. With investor demand for digital assets surging, this collaboration aims to succeed the FCA's recent approval, facilitating access to crypto investments for the public. Currently, 21Shares manages over $11 billion in assets across multiple crypto products in Europe, indicating a growing trend in crypto asset trading within traditional investment platforms.
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