Asset manager 21Shares has launched a new exchange-traded product (ETP) tracking Pendle on the Six Swiss Exchange, a move that highlights the growing institutional appetite for decentralised finance (DeFi) yield markets.
21Shares has introduced the 21Shares Pendle ETP, offering investors regulated access to Pendle, a DeFi protocol that tokenises and trades yield from digital assets. The launch is being seen as another step towards bridging traditional fixed-income markets with decentralised finance. Pendle has settled around US$70 billion in yield so far Pendle has settled around US$70 billion in yield so far. This positions it as an important link between the US$140 trillion global fixed income market and b