Zurich – 2 February 2021 – 21Shares AG, the pioneering issuer of crypto Alternate Traded Merchandise (ETPs) is launching the world’s first Polkadot ETP (ADOT SW – CH0593331561 – PDOT) “DOT ETP” on the regulated section of the Swiss inventory alternate (SIX Alternate) on Thursday February 4th, 2021. Final Friday, Polkadot was admitted by the Index Supplier to the 21Shares HODL basket ETP as second-largest constituent after Bitcoin (BCH being eliminated) and as such, makes it’s the excellent timing so as to add a further single asset ETP to the already wide selection of crypto ETPs 21Shares provides.
“We stay dedicated to the unprecedented demand we’re seeing from institutional buyers wanting publicity to crypto-assets and 21Shares stays forward of the curve for delivering modern but easy monetary merchandise available on the market. Our experience and expertise mirror the clear benefit we have now over different market members” Hany Rashwan, CEO 21Shares AG, says. “After buyers buy their first Bitcoins via our ETPs, there’s a pure transition to spend money on different crypto property. We’ve got constantly delivered a spread of merchandise over the past two years demonstrating our stronghold within the D-A-CH area. European buyers are approaching us to launch new merchandise primarily based on different key crypto property to allow them easy accessibility with out the necessity for a personal key or unregulated wallets and exchanges. We profit from trusted companions for the liquidity provision and upon continued institutional demand, we’re launching the DOT ETP to present buyers a secure, regulated, and straightforward approach to receive publicity to this thrilling new blockchain expertise. Within the subsequent 3 months, we goal so as to add 2 to three extra modern ETPs in addition to new European alternate listings. No different issuer on this business enjoys such a variety of crypto ETPs and on so many European exchanges’ regulated segments.”
Polkadot serves as a blockchain of blockchains, permitting in any other case unbiased blockchains to speak with one another, share security measures, and switch property freely amongst themselves. The DOT token is the native token of the Polkadot community. It serves a few important roles within the system: It’s designed to take part in governance choices, together with tabling proposals and voting. As well as, it’s used as an digital fee system. With its market capitalization at the moment standing at over $16.8 billion, the DOT token now surpasses that of XRP by over $4 billion and has attained the standing of the third-largest cryptocurrency. Although the recognition of the DOT token has elevated considerably over the previous months, it’s nonetheless not straightforward for non-technical customers to purchase and maintain and work together with it. The DOT ETP lowers the limitations to entry for newcomers to the crypto asset business and permits a a lot wider viewers to have the ability to take part in its improvement.
The launch is available in gentle of the latest surge in curiosity for this asset class. 21Shares AG has seen a 5-fold enhance in demand throughout its suite of crypto ETPs since Q3 2020. That is primarily based on the quantity of latest inflows into the ETPs. That demand got here primarily from institutional buyers who’ve most popular an institutional-grade ETP versus different constructions at the moment obtainable available on the market.
The DOT ETP will permit purchasers to speculate, diversify via its numerous ETPs, and achieve publicity to the multi-chain utility atmosphere that allows cross-chain interoperability on a degree beforehand not doable by way of their conventional dealer or financial institution. The ETP construction signifies that the product advantages from 100% bodily collateralization. Every share is totally collateralized by the corresponding quantity of bodily DOT tokens. As well as, on alternate liquidity provision is assured by our present ETP market markets who’ve supported us since inception again in November 2018. This permits much more conservative establishments to securely maintain this asset class by way of an Alternate Traded Product.
SWISS SIX : 21Shares Polkadot ETP | CH0593331561 | WKN A3GPQM | ADOT SW in USD | German Ticker PDOT
21Shares makes investing in crypto property as straightforward as shopping for shares utilizing your typical dealer or financial institution. Traders can spend money on cryptocurrencies utilizing a standard ETP construction (or tracker) simply, with complete confidence and safety and cost-effectively due to the 21Shares suite of ETPs now composed of 12 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW | 21XB:GY), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares Bitcoin Money ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW), 21Shares Quick Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP (ADOT:SW | PDOT:GR). The complete suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Alternate, BX Swiss and a few on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Based in 2018, 21Shares is led by a staff of proficient serial entrepreneurs and skilled banking professionals from the expertise and monetary world. Included in Zug, with places of work in Zurich and New York, the corporate has launched a number of world firsts, together with the primary listed crypto basket index (HODL) ETP in November 2018. 21Shares has 12 crypto ETPs listed immediately and has over $445 million in AuM in complete listed merchandise.
Press Contact Laurent Kssis +41 44 260 8660 press@21Shares.com
This doc and the knowledge contained herein should not for distribution in or into (immediately or not directly) america, Canada, Australia or Japan or another jurisdiction through which the distribution or launch could be illegal. This doc doesn’t represent a proposal of securities on the market in or into america, Canada, Australia or Japan. This doc doesn’t represent a proposal to promote, or a solicitation of a proposal to buy, any securities in america. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered below america Securities Act of 1933, as amended (the “Securities Act”), and is probably not provided or bought in america absent registration or an relevant exemption from, or in a transaction not topic to, the registration necessities of the Securities Act. There is not going to be a public providing of securities in america.This doc is simply being distributed to and is simply directed at: (i) to funding professionals falling inside Article 19(5) of the Monetary Providers and Markets Act 2000 (Monetary Promotion) Order 2005 (the “Order”); or (ii) excessive web value entities, and different individuals to whom it could lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”); or (iv) individuals who fall inside Article 43(2) of the Order, together with present members and collectors of the Firm or (v) another individuals to whom this doc might be lawfully distributed in circumstances the place part 21(1) of the FSMA doesn’t apply. The Securities are solely obtainable to, and any invitation, provide or settlement to subscribe, buy or in any other case purchase such securities shall be engaged in solely with, related individuals. Any one who will not be a related individual mustn’t act or depend on this doc or any of its contents. In any EEA Member State (apart from the Austria, Belgium, Denmark, Finland, France, Germany, Nice Britain, Eire, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has carried out the Prospectus Regulation (EU) 2017/1129, along with any relevant implementing measures in any Member State, the “Prospectus Regulation”) this communication is simply addressed to and is simply directed at certified buyers in that Member State inside the that means of the Prospectus Regulation. Completely for potential buyers in Austria, Belgium, Denmark, Finland, France, Germany, Nice Britain, Eire, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made obtainable on the Issuer’s web site below www.21Shares.com. The approval of the 2019 Base Prospectus (EU) shouldn’t be understood as an endorsement by the SFSA of the securities provided or admitted to buying and selling on a regulated market. Eligible potential buyers ought to learn the 2019 Base Prospectus (EU) and the related Ultimate Phrases earlier than investing determination with the intention to perceive the potential dangers related to the choice to spend money on the securities. You’re about to buy a product that’s not easy and could also be obscure. This doc will not be a proposal to promote or a solicitation of a proposal to purchase or subscribe for securities of 21Shares AG. Neither this doc nor something contained herein shall kind the idea of, or be relied upon in reference to, any provide or dedication in anyway in any jurisdiction. This doc constitutes commercial inside the that means of the Swiss Monetary Providers Act and never a prospectus. Copies of the present Base Prospectus dated 13 November 2020 can be found freed from cost from the web site of the Issuer. Topic to relevant securities legal guidelines, the Base Prospectus and the ultimate phrases of any product talked about herein might be obtained from 21Shares AG on the web site. Copies of this doc is probably not despatched to jurisdictions, or distributed in or despatched from jurisdictions, through which that is barred or prohibited by regulation. The data contained herein doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, in any jurisdiction through which such provide or solicitation could be illegal previous to registration, exemption from registration or qualification below the securities legal guidelines of any jurisdiction.