issuance.swiss : The Deutsche Börse welcomes Cardano Staking ETP by Liqwid (CASL) a disruptive crypto product
Florian Volery co-founder of Liqwid Finance
Liqwid Finance, an open source, algorithmic and non-custodial interest rate protocol built for lenders, borrowers and developers, is collaborating with issuance.swiss AG (the issuer of ETP) to introduce CASL, a groundbreaking financial listed vehicle in the digital asset realm. CASL not only tracks the performance of its underlying Cardano token ADA, recognised for its extensive academic peer-reviewed research, but also generates staking rewards. Admitted to the exchange as an Exchange Traded Product (ETP), the product is already available to investors on the Swiss SIX exchange and as of 22 May on the regulated segment of Deutsche Börse XETRA (WKN A4AFBK, German ticker CSLE, ISIN code CH1327686056).
More rewards, less management fee, higher profitability
According to the co-founder of Liqwid Finance, Florian Volery, “CASL combines the advantages of a traditional product with the staking rewards inherent in blockchain technology. It’s accessible, cost-effective, effortless and secure. With CASL, we aim to take a transformative leap, one that will establish a new standard for digital asset management.” Until now, most financial instruments in the crypto sphere have granted access to underlying asset developments (Bitcoin, Ethereum, ADA, etc.), but CASL offers more by redistributing staking rewards to investors.
This dual return on investment, coupled with lower management fees (1.5%) provides investors with unparalleled benefits. Finally, the fund is fully backed by physical stocks of ADA tokens securely held in an offline (“cold”) wallet. CASL ETP provides instantaneous liquidity without any lock-in period, leveraging the flexibility of Cardano’s blockchain.
Cardano, one of the safest networks worldwide
Liqwid, the company behind the innovative idea, carries out the staking of ETP’s ADA tokens on the Cardano network, which has remained operational without any outages over the past five years. In contrast, its major competitors, such as Solana, Ethereum, and Avalanche, all based on proof-of-stake consensus, have experienced interruptions. Cardano’s scientific-based technology is evidenced by a vibrant ecosystem of companies building innovative applications and supported by over 4.5 million wallets. Its network is widely regarded as the most decentralised and secure in existence. The Cardano blockchain has been adopted by the Refugees Agency of the United Nations (UNHCR) to help raise funds using staking to support people forced to flee.
For Bruce Jackson, Head of Digital Assets at Apex Group, “There is a strong interest among investors for easily accessible crypto assets such as CASL. The first listing of CASL on the Swiss SIX Exchange on March 2024 proved the appetite for a new generation of crypto ETPs, enabling investors to earn returns but also contributes to the decentralisation of the network, a crucial aspect for blockchain to serve as a financial platform and create a more inclusive world.” Tim Brückmann, CASL partner and founder of IAMX, emphasises the potential of blockchain to bank the unbanked once digital ID is integrated, potentially onboarding millions of individuals onto the Cardano blockchain.
Source: ETFWorld.co.uk
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