A new financial product called CASL, launched by Liqwid Finance and Issuance.Swiss AG, offers investors exposure to the ADA token’s price appreciation and staking rewards. This Exchange Traded Product (ETP) listed on the SIX Swiss Exchange combines traditional finance stability with decentralized finance returns, providing instant liquidity and a competitive management fee of 1.5%. CASL is fully backed by physically held ADA tokens in secure storage, offering a pioneering investment opportunity in the crypto market.
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0 in Finance and 3 in Crypto last week
Swiss Exchange Expands Offerings with 161 Crypto-ETPs, Dominated by Bitcoin
The SIX Swiss Exchange has recently added 161 crypto ETPs, bringing the total number of ETPs to 185, with 24 covering precious metals and stocks. Since the beginning of the year, crypto ETPs on the exchange have seen a trading volume of 594 million CHF, with Bitcoin dominating at 49.1%, followed by Ethereum at 16.2% and Solana at 13.0%. The addition of new ETPs aims to provide investors with efficiency and security, while also simplifying access to cryptocurrencies for financial advisors and their clients.
read moreEurope’s Complex Crypto Investment Landscape: ETFs, ETNs, and Regulatory Challenges
The US SEC approved spot Bitcoin ETFs, allowing investors to track the cryptocurrency’s price directly. In Europe, due to UCITS regulation, ETFs exclusively investing in Bitcoin are not approved, leading to reliance on alternative products like ETNs. However, Europe offers a variety of regulated investment options for both retail and institutional investors, with potential for diversified crypto ETFs in the future.
read moreBritish IT Firm Vencora Acquires Swiss Bank Software Company Crealogix
The acquisition of Swiss banking software company Crealogix by British IT firm Vencora is now confirmed, with Vencora holding 96.24% of Crealogix’s shares. The transaction is subject to regulatory approvals, and Vencora plans to delist the remaining Crealogix shares from the SIX Swiss Exchange. Vencora’s public cash offer of 60 Swiss francs per Crealogix share was recommended by the board and has garnered support from significant individual shareholders, with the acceptance period ending on February 7, 2024.
read moreUBS Declares Coupon Payments for 11 ETRACS Exchange Traded Notes
UBS Investment Bank has announced coupon payments for 11 ETRACS Exchange Traded Notes (ETNs) listed on the NYSE Arca, with payments tied to the cash distributions of the underlying index constituents. However, these payments are not guaranteed and depend on the performance of the underlying indices.ETRACS ETNs, issued by UBS AG, carry investment risks, including potential loss of principal, and their security is significantly influenced by UBS AG’s creditworthiness. UBS AG has complied with all necessary regulatory filings, including a registration statement with the SEC, and these documents are available for investors to understand the terms and associated risks.UBS AG licenses indices such as the Dow Jones U.S. Select Dividend Index and S&P MLP Index for use, but these lack sponsorship or endorsement by the respective index providers. UBS advises investors to understand the detailed risk factors mentioned in the relevant prospectus supplement before making an investment decision.
read moreSwiss Cities Basel and Zurich Settle Tokenized Bonds Using Wholesale CBDC
Basel and Zurich have become the first cities in Switzerland to settle tokenized bonds using a wholesale central bank digital currency (CBDC) issued by the Swiss National Bank (SNB). The digital bonds, worth CHF105 million and CHF100 million respectively, were settled using blockchain technology, marking a significant milestone for the industry. This development comes as experts advocate for the use of CBDCs in settlements to prevent the dominance of privately issued stablecoins.
read moreOne Swiss Bank to Delist from Swiss Stock Exchange
One Swiss Bank’s stocks will be delisted from the Swiss stock exchange SIX on March 7, 2024, following a decision made by the shareholders at an extraordinary general meeting. The largest shareholder, HPF Holding de Participations de Famille, pushed for the delisting after the bank’s merger with Banque Profil de Gestion.
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