21Shares has launched a brand new Alternate-Traded product (ETP) that tracks Jupiter (JUP), the central liquidity hub of the Solana blockchain, in six Swiss exchanges.
The itemizing, beneath Ajup, beneath the ticker, offers European institutional traders with regulated publicity to protocols that promote greater than 90% of commerce aggregation throughout Solana’s decentralized change. ETP has a 2.5% charge and is offered in each US {dollars} and euros.
Jupiter has grown right into a crucial infrastructure layer inside Solana’s Decentralized Finance (DEFI) ecosystem, routed transactions throughout greater than 20 decentralized exchanges, recording lifetime volumes of over $1 trillion. Jupiter has expanded to derivatives, automated buying and selling instruments, token firing and liquid staking, and its Jupsol Spinoff is at the moment ranked as Solana’s greatest staking product.
ETP additionally comes when Jupiter is making ready for Jupnet. That is an initiative to increase liquidity providers past Solana by connecting a number of blockchains, wallets and digital IDs. 21 shares already manages greater than $11 billion with over 50 bodily backed crypto ETPs, explaining Jupiter is the cornerstone of Solana’s development and evolving cross-chain brokerage layer.
ETPs are regulatory securities traded on conventional exchanges that enable traders to the touch digital property with out the necessity for direct token custody.
