Today Deutsche Bank asset manager DWS (AUM EUR 896 billion) launched its first Xtracker branded crypto exchange traded products (ETPs) for physical Bitcoin and Ethereum. This follows a partnership announced last year with Galaxy Digital. Separately, Zodia Custody disclosed it is one of the custodians of the underlying cryptocurrencies.
Zodia Custody’s backers include Standard Chartered’s SC Ventures, Japan’s SBI and Northern Trust. For the DWS Xtracker products, Coinbase is a custodian alongside Zodia. State Street will act as the issuing, paying and administration agent.
“With digital asset ETPs capturing the attention of the market, the combination of our education-first approach and partnering with institutional- grade service providers like Zodia provides a compelling offer,” said Sam Sadayo, Director, Xtrackers Product & Platform Development, DWS Group.
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