Xetra - Deutsche Börse Cash Market Division

04/17/2024 | Press release | Distributed by Public on 04/17/2024 05:23

New crypto ETNs on Xetra: issuance.swiss offers Figment products on Ethereum and Solana with staking rewards

Release date: 17 Apr 2024 | Deutsche Börse Cash Market

New crypto ETNs on Xetra: issuance.swiss offers Figment products on Ethereum and Solana with staking rewards

Since Wednesday, two new crypto ETNs issued by issuance.swiss in partnership with Figment have been tradable via Xetra and Börse Frankfurt.

The two crypto ETNs offer investors access to the performance of the cryptocurrencies Ethereum and Solana in combination with a staking premium. Staking allows cryptocurrency users to earn rewards by locking their coins in wallets that are used to validate network transactions on the blockchain. Through this method, investors can not only participate in the performance of the cryptocurrency, but also benefit from the respective staking income.

The products are physically collateralised via the cryptocurrency. Both ETNs can be traded in euros or US dollars using the respective Xetra ticker.

Name

ISIN

Cryptocurrency

Xetra ticker of trading currency

EUR

USD

Figment Ethereum Plus Staking Rewards ETN

CH1327686031

Ethereum

FFTH

FFTI

Figment Solana Plus Staking Rewards ETN

CH1327686049

Solana

FSOL

FSOM

All crypto ETNs tradable on Xetra are physically collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. In addition, all crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as Deutsche Börse Group's central counterparty (CCP). Through central clearing, institutional investors in particular benefit from significantly reduced risks in the settlement of transactions.

The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,151 ETFs, 191 ETCs and 238 ETNs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.