21Shares launches the first DeFi ETP in Europe and ETP of layer index 1
- With the 21Shares DeFi 10 Infrastructure ETP, 21Shares is the first provider in Europe to launch a DeFi index-based ETP.
- The 21Shares Layer 1 ETP invests exclusively in Layer 1 blockchains, which represent the technical foundation of the DeFi universe and the entire crypto industry.
Zürich, Switzerland, May 12, 2022 /PRNewswire/ — 21Shares AG (“21Shares”), a Swiss issuer of crypto exchange-traded products (ETPs), today announces the launch of the new 21Shares Layer 1 and 21Shares DeFi 10 Infrastructure ETPs on SIX Swiss and BX Swiss Exchange respectively . These two new products allow investors to invest in the services and technical fundamentals of the DeFi industry.
21Shares Layer 1 ETP offers thematic exposure to blockchain foundations
The 21Shares Layer 1 ETP (symbol: LAY1) is listed on the SIX Swiss Exchange as of today, May 12, 2022, and provides investors with targeted exposure to the blockchains that form the technical bedrock of the DeFi universe. To this end, LAY1 tracks an index that has been customized by index provider Vinter and invests in an index that includes the five largest layer 1 blockchains – with a maximum weighting of 30% per blockchain. Rebalancing is done on a quarterly basis.
21Shares DeFi 10 ETP infrastructure: dApps for the future of finance
The 21Shares DeFi 10 Infrastructure ETP (ticker: DEFII) is scheduled to list on the BX Swiss Exchange on May 18, 2022. It is designed to provide investors with targeted exposure to the emerging decentralized financial services (DeFi) industry rooted in blockchain technology, and tracks the results of a custom index also created by Vinter. This index tracks a combination of the price performance of decentralized DeFi applications (“dApps”) and layer 1 blockchains, which form the technological foundation of DeFi. Each represents 50% of the overall index. Assets in both categories are ranked by market capitalization and reweighted quarterly.
Ophelia Snyderco-founder and chairman of 21Shares, comments:
“Our financial system is at the start of a paradigm shift. A plethora of new blockchain-based applications around DeFi and Web3 are already in development and making huge progress. They are the components of a completely new, democratic and inclusive financial system. With our new themed crypto ETPs, we are offering investors two broadly diversified investment vehicles at the perfect time to participate in this revolution.”
21Shares takes innovation to the next level with the world’s largest suite of cryptocurrency exchange-traded products (ETPs). In 2018, she launched the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and she continues to propel her cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy. 21Shares aims to provide all investors with an easy, secure and regulated way to buy, sell and short cryptocurrency through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Swiss with offices at Zürich and New York City. For more information, please visit www.21shares.com.
Arielle Sobelglobal communications manager
This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein constitutes the basis of, or may be relied upon in connection with, any offer or commitment in any jurisdiction. This document constitutes an advertisement within the meaning of the Swiss law on financial services and not a prospectus. This document and the information it contains are not intended for distribution in or to (directly or indirectly) United States, Canada, Australia or Japan or any other jurisdiction in which distribution or dissemination would be unlawful. This document does not constitute an offer to sell securities or a solicitation of an offer to buy in or to United States, Canada, Australiaor Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in United States in the absence of registration or an applicable exemption from the registration requirements of the Securities Act, or in connection with a transaction not subject to them. There will be no public offering of securities in United States. This document is only being distributed and is directed only to: (i) investment professionals falling within section 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom they may lawfully be disclosed, falling within section 49(2)(a) to (d) of the Order (all such persons being together referred to as “persons concerned” ); or (iii) persons falling within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other person to whom this document may lawfully be distributed in circumstances where the Article 21(1) of the FSMA does not apply. The Securities are accessible only to relevant persons and any invitation, offer or agreement to subscribe, purchase or acquire such securities will only be entered into with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than the France, Germany, Italy, Austria, Belgium, Croatia, Czech republic, Denmark, Finland, Hungary, Ireland, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain ) which has implemented the Prospectus Regulation (EU) 2017/1129, together with all the implementing measures applicable in any Member State, the “Prospectus Regulation”), this communication is addressed and addressed only to qualified investors of that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in France, Germany, Italy, Austria, Belgium, Croatia, Czech republic, Denmark, Finland, Hungary, Ireland, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain the 2021 Base Prospectus (EU) is available on the Issuer’s website at www.21Shares.com. The approval of the 2021 Base Prospectus (EU) should not be understood as an approval by the SFSA of the securities offered or admitted to trading on a regulated market. Prospective eligible investors should read the 2021 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with deciding to invest in the securities.
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21Shares launches Layer 1 and DeFi ETPs
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