21Shares AG which has earned a reputation as the world’s largest issuer of cryptocurrency ETPs has confirmed the listing of the first crypto ETP for the Cosmos blockchain in CHF, EUR, and USD on the SIX Swiss Exchange. With the world's largest array of cryptocurrency exchange-traded products (ETPs), 21Shares takes creativity to the next level.
Using the Inter-Blockchain Communication (IBC) protocol, Cosmos is launching a network of parallel blockchains, including the two largest networks of Ethereum and Terra, to help drive a decentralized, interoperable future. Cosmos has connected over 262 apps and services, totaling over $155 billion in value.
Cosmos has created a cutting-edge platform that can be used to power everything from banking to metaverse. 21Shares disclosed that it is ecstatic to debut this product as it strives to construct publicly accessible crypto bridges. Cosmos was developed in 2016 by blockchain technologists Jae Kwon, Zarko Milosevic, and Ethan Buchman, who had co-built Tendermint, a blockchain engine that functioned as the Cosmos ecosystem's gateway, two years prior.
Furthermore, the Cosmos ETP from 21Shares is a product for investors wanting to profit from the rapid expansion of interoperable, decentralized blockchains that are fueling the metaverse's early stages.
In addition, the Cosmos ecosystem includes infrastructure and marketplaces for Decentralized Finance (DeFi), investment products such as wallets and smart contracts, gaming applications, and more. The potential to use the IBC protocol to enable blockchains to trade value without relinquishing their financial value is the most crucial breakthrough in the Cosmos ecosystem.