Issuance.Swiss has launched three crypto exchange-traded products (ETPs) offering exposure to ethereum, solana and cardano with staking rewards.
The Figment Ethereum Plus Staking Rewards ETP (ETHF) and Figment Solana Plus Staking Rewards ETP (SOLF) are listed on the SIX Swiss Exchange with total expense ratios (TERs) of 1.5%.
The two ETPs are physically backed by their underlying digital asset. They track respective MarketVector-Figment reward indices which offer exposure to the prices of ethereum and solana as well as “all sources of rewards that validators earn” through staking on the consensus and execution layer.
Josh Deems, institutional business development lead for Figment, commented: “The ETPs will contribute to an increased accessibility to staking rewards for a wide audience and we at Figment are proud that Apex and Issuance.Swiss chose Figment to be part of this development.”
Within a week, Issuance.Swiss partnered with Switzerland-based protocol Liqwid Finance to list the Cardano Staking ETP by Liqwid (CASL) on the SIX Swiss Exchange with a TER of 1.5%.
CASL is physically backed by ADA tokens which are held in cold storage. Staking of the underlying assets is conducted by Liqwid on the Cardano Network.
Florian Volery, co-founder of Liqwid Finance, said: “Until now, most of the financial instruments available to investors in the crypto universe gave them access to developments in the underlying assets.
“We are going one step further, putting ADA’s outstanding assets to work and redistributing the interest to investors.”
The trio of launches add to an active month in crypto staking ETP product development, with the 21Shares Toncoin Staking ETP (TONN) listing on the SIX Swiss Exchange on Wednesday.
