The 21Shares Polygon ETP is an exchange-traded product designed to track the performance of Polygon's native cryptocurrency, now known as POL, following its upgrade from MATIC. Launched in November 2021 and domiciled in Switzerland, this ETP provides investors with regulated, transparent exposure to Polygon, an Ethereum scaling solution known for its high transaction speed, low costs, and extensive developer ecosystem hosting over 3,000 applications. The ETP is physically backed, with the underlying POL tokens held securely in cold storage by an institutional custodian, ensuring asset protection. It utilizes physical replication and accumulates value rather than distributing dividends. With assets under management of around 7 million euros and a total expense ratio of 2.50% per annum, the product caters to investors seeking exposure to blockchain infrastructure, particularly within the Ethereum scaling sector. This ETP plays a role in bridging traditional financial markets and the decentralized finance ecosystem by offering an accessible, regulated investment vehicle tied to a key layer-2 scaling platform in the cryptocurrency space.