Home Technology Pando Asset is the first crypto ETP on SIX Swiss Exchange

Pando Asset is the first crypto ETP on SIX Swiss Exchange

Pando Asset is the first crypto ETP on SIX Swiss Exchange

ZURICH, August 3, 2022 /PRNewswire/ — Pando Asset, as the fifth new crypto ETP issuer to join SIX Swiss Exchange this year, has captured the market’s attention since its July 27 listing. To be the first crypto ETP listed on the SIX Swiss Exchange of Pando Asset, from 3 AugustPando Asset crypto 6 ETP closed at $21.66up to 9.78% growth over the issue price of $19.73traded with the Bloomberg symbol “PNDS”.

Pando Asset is domiciled in Swiss and is built by a group of professionals from the finance industry, 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 backed. Highlighted by Junfei Renpartner at Pando Asset, said, “Pando Asset’s mission is to enable investors to safely, easily and efficiently participate in crypto assets without worrying about private key storage risks and systematic security issues. This builds trust and provides the perfect gateway for both new investors and traditional institutional investors to become key players in this new era of crypto.”

The Pando Asset Crypto 6 ETP primarily tracks the Vinter Pando crypto basket 6 index, which offers investors the opportunity to participate in the performance of a basket of digital assets comprised of the largest smart contract assets by market capitalization. Investors can buy or redeem the ETP with the same real-time price as Coinmarketcap through their brokerage accounts during regular trading hours on the SIX Swiss Exchange.

Currently, the index contains the six largest crypto assets by market capitalization. The index is rebalanced quarterly and weighted to allow investors to diversify, focus and prevent the two most important assets from dominating the basket. Digital assets are kept in cold storage with the classified and regulated institutional custodian. Along with other security measures such as multiple signature authorization, whitelist addresses and audit trail, the Pando6 ETP is designed to provide investors with a fully guaranteed product to invest in.

With the arrival of Pando Asset, Christian Réusshead of SIX Swiss Exchange, said: “I am 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 who have just offered their basket crypto ETP on our exchange.”

SOURCE Pando Asset AG


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