{"id":10477,"date":"2025-09-11T15:55:15","date_gmt":"2025-09-11T15:55:15","guid":{"rendered":"https:\/\/bitunikey.com\/news\/21shares-rolls-out-dydx-etp-as-defi-derivatives-edge-toward-mainstream\/"},"modified":"2025-09-11T15:55:18","modified_gmt":"2025-09-11T15:55:18","slug":"21shares-rolls-out-dydx-etp-as-defi-derivatives-edge-toward-mainstream","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/21shares-rolls-out-dydx-etp-as-defi-derivatives-edge-toward-mainstream\/","title":{"rendered":"21Shares rolls out DYDX ETP as DeFi derivatives edge toward mainstream"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">21Shares is positioning institutional investors at the convergence of TradFi and on-chain finance. The new DYDX product launches as the underlying protocol expands into real-world assets, targeting a slice of the vast derivatives market.<\/p>\n<div id=\"cn-block-summary-block_da41df64e148de69889c1e5b320fb6a0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>21Shares launched a physically backed DYDX ETP, giving institutions regulated access to dYdX\u2019s on-chain derivatives.<\/li>\n<li>The move comes as dYdX expands into real-world assets and new trading features, targeting a share of the $100T global derivatives market.<\/li>\n<li>Backed by the dYdX Treasury subDAO and kpk, the product bridges traditional finance infrastructure with DeFi protocol revenues<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a press release shared with crypto.news on September 11, European ETP issuer 21Shares has listed a new physically-backed product tracking the DYDX token. This provides a regulated avenue for institutional portfolios to gain exposure to the native asset of the dYdX Chain, a decentralized derivatives protocol that has settled over $1.4 trillion in volume.<\/p>\n<p>The launch, supported by the dYdX ecosystem\u2019s Treasury subDAO, marks a significant infrastructural play, packaging a DeFi governance token into a wrapper familiar to traditional finance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Bridging the gap between TradFi and DeFi\u2019s engine<\/strong><\/h2>\n<p>Marcelo Ruiz de Olano, CEO and co-founder of kpk, framed the development as a critical simplification of DeFi\u2019s complexity for traditional capital. He noted that promising DeFi tokens often \u201cfly under the radar\u201d for institutional investors lacking the technical bandwidth for on-chain operations.<\/p>\n<p>The ETP, he stated, changes this by making dYdX accessible through a simple ticker and trade mechanism, integrating it into the existing infrastructure used for any listed security. Additionally, Ruiz de Olano highlighted kpk\u2019s role through the Treasury subDAO in aligning real protocol revenues with tokenholder value, positioning the ETP as an entry point into the protocol\u2019s economic activity without the operational hurdles.<\/p>\n<p>In the statement, the launch is contextualized by a staggering market disparity. While global derivatives markets command over $100 trillion in notional value after <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bis.org\/publ\/otc_hy2411.htm\" target=\"_blank\" rel=\"nofollow\">growing 2% year on year<\/a> at end-June 2024, DeFi\u2019s share remains miniscule, capturing less than one percent of this vast scale.<\/p>\n<p>This yawning gap represents both the nascent stage of on-chain derivatives and their monumental growth potential. The 21Shares DYDX ETP arrives as a pivotal instrument, providing a regulated and familiar vehicle for institutions to gain exposure to this potential expansion.<\/p>\n<h3 class=\"wp-block-heading\"><strong>dYdX\u2019s traction<\/strong><\/h3>\n<p>Notably, the product\u2019s introduction is synchronized with dYdX\u2019s own high-velocity expansion plans. 21Shares indicated the launch is aligned with the protocol\u2019s move into new, transformative verticals, according to its updated <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.dydx.xyz\/blog\/august-roadmap-update\" target=\"_blank\" rel=\"nofollow\">roadmap<\/a>. <\/p>\n<p>This includes the imminent rollout of Telegram trading, which promises seamless cross-platform execution, and the upcoming integration of spot trading, beginning with Solana. Most significantly, the protocol is venturing into perpetual contracts for real-world assets, such as equities and pre-IPO shares, directly on-chain. This expansion fundamentally broadens DYDX\u2019s utility beyond crypto natives, targeting the very heart of traditional finance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>21Shares is positioning institutional investors at the convergence of TradFi and on-chain finance. The new DYDX product launches as the underlying protocol expands into real-world assets, targeting a slice of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10477"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10477\/revisions"}],"predecessor-version":[{"id":10478,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10477\/revisions\/10478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4197"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}