Dubai, United Arab Emirates, January 22nd, 2024, Chainwire

De.Fi, the largest Web3 Super App whose $DEFI token listing is coming, announced 21Shares as their investor.

21Shares is a market leader offering ETFs for institutional and retail investors. Their recent investment marks a historic milestone for De.Fi, as it will help to get Traditional Finance exposure and adoption for the $DEFI token. This infusion of capital demonstrates confidence from industry leaders in De.Fi. It also underscores the collective commitment within the industry to shape the future of finance together.

ETFs became one of the central narratives of the Q4 2023. Analysts believe that the approval of such products will allow traditional investors to gain access to digital assets, which will be a strong growth driver for the entire industry. According to Bloomberg, the total capitalization of this market could reach $100 billion.

“21Shares and ARK join forces to deliver a compelling digital asset ETF suite. Leveraging on-chain signals and our crypto-native experience, the suite aims to deliver long-term capital appreciation through strategic investments in Bitcoin and Ethereum futures contracts, and the application of blockchain technologies.“ according to

21Shares official statement.

While 21Shares stands out as a noteworthy investor in De.Fi, it’s essential to acknowledge the broad spectrum of support coming from various sources. The De.Fi team is backed by a range of leading Venture Capital firms and prominent investors worldwide including Shima Capital, HOF Capital, and other leading VCs.

“Having followed closely the De.Fi Team for years, I can attest to

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Author: Crypto Daily™

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