21Shares Rolls Out XDC ETP in Europe Amid a $60B Crypto Crash
Swiss-based 21Shares, a global leader in crypto investment products, has launched a new Exchange-Traded Product (ETP) tracking the XDC Network on Euronext Paris and Amsterdam, just as the crypto market experienced one of its sharpest downturns in recent months.
In the hours leading up to the listing, over $60 billion was wiped from global digital asset markets in a flash crash. Bitcoin plunged by more than 7%, and Ethereum followed with a 9% drop, triggering widespread liquidations. Yet, 21Shares moved forward with the launch of AXDC, signaling a strong vote of confidence in blockchain infrastructure built for utility and scalability.
XDC Network: A Backbone for Trade-Finance Tokenization
The new AXDC ETP is specifically designed for real-world use cases in global trade and finance. It offers a hybrid blockchain architecture, enabling both public transparency and private data handling for regulated industries.
The Network is also fully ISO 20022 compliant, ensuring interoperability with legacy banking systems. Behind this powerful blockchain protocol, the network runs on an efficient consensus protocol modeled after Delegated Proof of Stake (DPoS). This design ensures low energy use, fast finality, and high throughput attributes essential for institutional workflows that demand reliability and scale.
These capabilities allow the crypto company to support use cases like tokenized invoices, letters of credit, and digital bills of lading, all within a compliant, low-cost blockchain environment.
Calm in the Chaos: Why 21Shares Didn’t Flinch
The AXDC listing comes at a pivotal moment. The crypto crash, driven by macroeconomic uncertainty and rapid liquidations, exposed the fragility of price-driven sentiment. But the launch of a regulated, utility-oriented ETP in this climate suggests a deeper shift: institutional players are moving beyond speculation, focusing instead on infrastructure that supports tangible value.
Rather than postponing the launch amid instability, 21Shares leaned into the moment, emphasizing the long-term potential of the Network. This strategy reflects a maturing market, where success is increasingly measured not by token price but by real-world relevance and technical fundamentals.
.@Bitcoin‘s next chapter is unfolding 📈 @maximichielsen & @PapaDari_ just unpacked our mid-year calls—nation-state BTC reserves, $10B Bitcoin-L2 TVL, and the road to $250B in crypto-ETP AUM. Missed the live analyst call? pic.twitter.com/kOXUX71hQV
— 21Shares (@21Shares) July 11, 2025
Expanding Regulated Access to Blockchain
The AXDC ETP expands 21Shares’ growing portfolio, which includes over 40 digital asset ETPs listed on leading European exchanges such as SIX Swiss Exchange and Deutsche Börse Xetra. Each of these products is designed to offer secure, regulated access to crypto markets, particularly for institutional investors.
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With AXDC, asset managers, banks, and professional investors can now gain exposure to the ecosystem without handling digital wallets or managing custody. The product is fully backed, centrally cleared, and tradable via standard brokerage accounts, making it a bridge between traditional finance and decentralized infrastructure.
XDC’s Growing Institutional Appeal
The listing also marks a major milestone for the Network. Often overshadowed by larger Layer 1 protocols, XDC has steadily gained traction for its ability to tokenize real-world financial assets with low fees, high throughput, and enterprise-grade compliance.
By securing a place on Euronext through 21Shares, XDC’s profile is elevated within regulated financial circles, paving the way for future integrations in supply chain finance, trade documentation, and global settlement systems.
Conclusion
21Shares‘ decision to launch the AXDC ETP during a sharp market downturn highlights a broader trend in digital finance: a shift from speculative assets to purpose-built, utility-driven blockchain infrastructure. The XDC Network’s emphasis on enterprise-grade performance, DPoS efficiency, and global trade integration places it at the forefront of this movement.
As tokenization evolves from concept to implementation, products like AXDC offer a practical way for investors to align with the future of regulated digital finance. Despite market volatility, infrastructure-focused projects are proving they have the resilience and relevance to lead the next phase of blockchain adoption.
FAQs
- What is AXDC?
AXDC is an Exchange-Traded Product by 21Shares that gives investors regulated access to the XDC Network, a blockchain designed for trade finance and asset tokenization. - Who can invest in AXDC?
AXDC is available to both institutional and retail investors through Euronext Paris and Amsterdam, using standard brokerage accounts. - Why did 21Shares choose the XDC Network?
XDC supports ISO 20022 messaging and hybrid blockchain architecture, making it ideal for regulated, enterprise-focused applications in global trade and finance. - Was the crypto crash a factor in the launch?
Although the launch occurred during a major market downturn, it proceeded as planned, demonstrating 21Shares’ long-term confidence in utility-driven blockchain solutions. - What does this mean for institutional crypto adoption?
It highlights a shift toward regulated, real-world blockchain use cases, with growing interest from banks, asset managers, and financial infrastructure providers.
Glossary of Key Terms
ETP (Exchange-Traded Product):
A type of investment security traded on stock exchanges, giving exposure to an underlying asset like cryptocurrency.
XDC Network:
A Layer 1 blockchain optimized for trade finance and asset tokenization, featuring a hybrid architecture and enterprise-grade compliance.
ISO 20022:
A global standard for financial messaging, enabling data-rich, interoperable communication across banks and financial institutions.
Tokenization:
The process of converting rights to real-world assets into digital tokens that can be stored and transferred on a blockchain.
Custody Risk:
The potential loss of digital assets due to mismanagement or security breaches in storage systems like wallets or exchanges.
