Homburger advised 21Shares AG on the issuance and listing of its Dogecoin-linked Exchange Traded Product (DOGE)

On April 9, 2025, 21Shares AG, a leading global issuer of crypto exchange traded products (ETPs), successfully issued and listed on the SIX Swiss Exchange its new 21Shares Dogecoin ETP (DOGE), linked to and fully physically collateralized by Dogecoin. For this ETP issued by 21Shares AG, 21Shares AG has formed an exclusive partnership with the House of Doge to create a first-of-its-kind Dogecoin ETP endorsed by the Dogecoin Foundation. This ETP is traded on the SIX Swiss Exchange in the trading currencies USD and EUR.

Homburger acted as Swiss legal counsel to 21Shares AG. The Homburger team was led by Benjamin Leisinger and included Luca Gmür (both Capital Markets).