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Two crypto giants are partnering for a tactical initiative of launching a new cryptocurrency. CoinShares is the largest investment-firms in

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Europe’s largest digital asset investment firm CoinShares has announced a partnership with leading cryptocurrency exchange FTX Global to launch the world’s physically-backed exchange-traded product (ETP) for Solana (SOL). Designed to share the staking rewards in a transparent way, the physically settled Solana ETP will launch with 1 million SOL worth $91 million (at the time of writing) in assets under management (AUM). The staking rewards for the Solana product have been set at 3% per annum while the management fee is reduced to 0% yearly. “CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade, making them the obvious choice to collaborate with for institutional offerings. We’re excited to work alongside CoinShares to give investors access to the Solana ecosystem and we look forward to collaborating further on additional offerings,” said Sam Bankman-Fried, FTX CEO. [1/5] We are excited to announce that we've partnered with @FTX_Official and our first initiative is to launch a physically staked Solana ETP with SOL1mn seed capital, Staking Rewards of 3.0% p.a, and a reduced management fee of 0.0% p.a. pic.twitter.com/dCq5H2CH1c — CoinShares 👩‍🚀 (@CoinSharesCo) March 23, 2022 Bridging the Gap Between TradFi and Crypto The collaboration with FTX continues CoinShares mission of bridging the gap between traditional finance and digital assets in a secured, transparent and familiar manner. CoinShares FTX Physical Staked Solana will be listed on Germany’s main market Xetra. With the new product, the company has now officially launched four ETPs this year.

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The cryptocurrency market continues its slow slide downwards. Amid the ongoing war in Ukraine, its total cap has fallen by 1.7% in the past 24 [...]

Europe’s largest digital asset investment firm now owns nearly 30% of the Swiss bank

The post CoinShares Seeks To Reach More Investors by Upping Stake in FlowBank appeared first on Blockworks.

A former Citi executive becomes COO of crypto custodian Copper.co

The post Latest in Crypto Hiring: FTX Adds Gaming Partnerships Lead appeared first on Blockworks.

Switzerland-based 21Shares AG, considered one of the pioneers when it comes to the issuance of cryptocurrency exchange-traded products (ETPs), has announced the launch of an $XRP ETP in Swiss francs (CHF) on the SIX Swiss Exchange. The SIX Swiss Exchange is based in Zurich and is Switzerland’s main stock exchange. It trades other securities such […]

The cryptocurrency market has jumped after a shaky couple of days. Affected by the ongoing fallout from the Ukraine-Russia conflict, its total cap had slid [...]