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CARDANO Staking ETP Launches in Switzerland
A new financial product has been introduced to the market, offering investors a unique opportunity to capitalize on the growth and staking rewards of the ADA token from the Cardano blockchain. The product, named CASL, is an Exchange Traded Product (ETP) launched by Liqwid Finance in collaboration with Issuance.Swiss AG, and is listed on the SIX Swiss Exchange.
Two-Fold Advantage for Investors
CASL is designed to not only track the performance of the ADA token but also to capture the returns generated from staking ADA. This approach provides investors with exposure to the price appreciation of ADA and additional staking rewards, thereby enhancing the overall return on investment.
Blending Traditional Finance with DeFi
Florian Volery, Co-founder of Liqwid Finance, emphasized that CASL offers the advantages of both traditional and decentralized finance. It is a low-cost, liquid, institutional-quality product that bridges the gap between traditional finance and the world of digital assets.
Innovative Features and Competitive Management Fee
CASL offers a competitive management fee of 1.5%, lower than many competing products in Europe, making it a more cost-effective option for investors. Additionally, the ETP boasts a controlled risk profile, being fully backed by physically held ADA tokens in secure, offline storage, thus mitigating the risk of online threats.
Democratizing Financial Participation
Bruce Jackson, Head of Digital Assets at Apex Group, highlighted the significance of CASL for the broader finance ecosystem, stating that it simplifies investment in cryptocurrencies while promoting the decentralization of finance. This underscores the democratizing potential of blockchain technology, offering financial participation opportunities to millions currently outside the traditional banking system.
Instant Liquidity and Valuation Options
The CASL ETP is noted for its instant liquidity feature, allowing investors to access their funds without any lock-in periods, a stark contrast to typical on-chain staking arrangements. Priced at $25 at launch, the ETP is also available in CHF and EUR, providing direct exposure to ADA with a valuation based on the current market price.
Conclusion
The launch of CASL represents a significant development in the financial market, offering investors a pioneering product that combines the stability of traditional finance with the novel returns of decentralized finance. With its innovative features, competitive management fee, and emphasis on security and reliability, CASL is poised to make an impact in the world of digital asset investment.
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