Pando Asset is listing its first crypto ETP tracking the Vinter Pando Crypto Basket 6 Index at SIX. Pando Asset is the fifth new crypto ETP issuer to join SIX Swiss Exchange this year.
The Pando Asset Crypto 6 ETP offers investors the opportunity to participate in the performance of a basket of digital assets consisting of largest smart contracts assets by market capitalization. Currently, the following five digital assets are included in the underlying index: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL) and Cardano (ADA). The weight per asset is proportional to the square root of its market capitalization. With today’s crypto ETP listing by Pando Asset, investors can choose between a total of 176 crypto ETPs from 13 different issuers available for trading at SIX Swiss Exchange.
Junfei Ren, Partner at Pando Asset, says: “The company has the mission to let investors be able to participate in crypto assets without worrying the risk of missing a private key or password, or facing any loss from hackers or systematic security issues.”
Christian Reuss, Head SIX Swiss Exchange, highlights: “I’m delighted to see that our growing ETF and ETP market has attracted the fifth new crypto issuer this year. A warm welcome to Pando Asset newly offering their crypto basket ETP on our exchange.”
Pando Asset is domiciled in Switzerland and is built by a group of industry professionals from finance, blockchain technology, and crypto asset space, such as Huobi Group, 21 Shares AG, and Deutsche Boerse AG. Pando Asset has partnered with the largest crypto asset custodian Coinbase and is 100% fully collateralized, using a variety of safety measures including multiple signature authorization, whitelisting addresses, cold storage, and audit trails.
Product Name : Pando Asset Crypto 6 ETP
Trading Currency : USD
ISIN : CH1179781815
Market Maker : Flow Traders
Source: ETFWorld.co.uk
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