In a significant move for the decentralized finance (DeFi) landscape, asset manager 21Shares has launched an exchange-traded product (ETP) called APEN, based on the Pendle protocol. This event, which took place on October 28th, 2025, in Singapore, highlights the growing institutional interest in integrating traditional finance with innovative crypto solutions. The analytical report published in the material substantiates the following: this launch is a pivotal step towards bridging the gap between conventional financial instruments and the burgeoning DeFi sector.
Pendle Protocol's Impressive Yield Settlement
The Pendle protocol has made waves by settling an impressive $70 billion in yield, effectively creating a link between the $140 trillion global fixed-income market and the burgeoning crypto infrastructure. This development underscores Pendle's potential to serve as a bridge for institutional investors looking to explore yield-tokenization platforms.
Introduction of the Pendle ETP
The introduction of the Pendle ETP is poised to address several key themes for institutional investors, particularly the maturation of DeFi protocols into regulated and investable instruments. As attitudes towards DeFi evolve, this launch is expected to enhance Pendle's utility, making it a more attractive option for professionals in the financial sector seeking innovative investment opportunities.
Convergence of Traditional Finance and DeFi
Overall, the launch of the APEN ETP marks a pivotal moment in the ongoing convergence of traditional finance and DeFi, signaling a future where institutional players may increasingly embrace decentralized solutions.
The recent launch of the APEN ETP by 21Shares highlights the growing institutional interest in DeFi, coinciding with the introduction of Spot Crypto ETFs, which are transforming traditional investment approaches. For more details, see Spot Crypto ETFs.
