An exclusive partnership of crypto exchange traded products (ETPs) issuer 21Shares AG and Germany's largest online financial platform Comdirect, allows investors to add crypto products to their savings plan.
In this innovative partnership, 21Shares has been appointed as the exclusive provider of physically backed crypto ETPs for the online broker's savings plan program. Eleven of 21Shares' ETP offerings currently listed in Germany are available on the Comdirect platform.
Bridge between crypto investments and savings plans
Currently, Comdirect offers products and services to more than 2.9 million customers (September 2020) so they can easily and conveniently conduct their banking and securities transactions. The partnership is a premiere for investors looking to add crypto assets to their savings account.
“We were the first crypto issuer to list a fully collateralised, 100% physically-backed bitcoin ETP on most German exchanges back in 2019 and today are the only issuer to admit four crypto ETPs on Xetra alone. This followed us listing the world’s first physically-backed crypto ETP on the SIX Swiss Exchange in 2018. We are very excited to offer German clients who wish to add Bitcoin and other crypto assets to their savings plan a compelling option to do so thanks to comdirect, an option that was not available for any crypto products until now.” - Hany Rashwan, CEO of 21Shares.
“Empowering people to choose how they allocate their investments for their retirement has led to such a project to materialise. This is very exciting for any investors who have been thinking about purchasing bitcoin but did not offer the proper investment tools to store them successfully in a savings plan. This partnership now makes it possible - another milestone in democratisation crypto investments.” - Marco Infuso, Managing Director Business Development of the DACH region.
“For an outstanding customer experience, investors are now able to use crypto ETPs by 21Shares which fits the needs of our demanding clients and ensures market participation. This additional service adds flexibility for immediate use. Together with our partner 21Shares, comdirect has succeeded in significantly bridging crypto investments to savings plans, something that our clients have longed for a while.” - Rene Louis Delrieux, comdirect Produkt Manager and Crypto saving plan Initiator.
