SIX welcomes Issuance.Swiss AG as a new issuer of exchange-traded products (ETPs) with cryptocurrencies as underlyings.
Issuance.Swiss AG launches Figment Europe and Liqwid Finance products through partnership with Apex Group. It is the 18th ETP issuer on the SIX Swiss Exchange.
Figment’s and Liqwid’s new products are available in three trading currencies. They bring the total number of ETPs traded on the SIX Swiss Exchange to 185, of which 161 have cryptocurrencies. The remaining 24 products are divided into six with a focus on precious metals and eighteen on equities respectively with fixed income. The listing brings the number of ETP issuers to 18.
Since the beginning of the year, the 161 cryptocurrency ETPs listed on the SIX Swiss Exchange recorded a turnover of CHF 594 million and 40,000 transactions. Among the total 316 ETPs and derivatives with underlying cryptocurrencies, in terms of trading volume share, Bitcoin dominated the demand with 49.1%, followed by Ethereum with 16.2% and Solana with 13.0%. In particular, demand for Solana products increased by 107% compared to the same period last year. The introduction of the two new products reflects this trend, offering investors exposure to Ethereum and Solana backed by their respective underlying cryptocurrencies.
“Interest in cryptocurrencies continues to grow. As a leading exchange for products with underlying crypto assets, we remain committed to facilitating seamless and innovative listing and trading experiences for our valued members, while offering investors significant benefits such as transparency, liquidity and equal treatment. We welcome Issuance.Swiss AG representing Figment and Liqwid as a new ETP issuer on our exchange and wish them every success,” says Christian Reuss, Head of SIX Swiss Exchange.
“ETP is a key pillar of Apex Group’s digital asset strategy to institutionalize blockchain for regulated financial institutions struggling with regulatory, compliance or operational challenges related to direct balance sheet exposure to digital assets,” says Bruce Jackson, global head of digital. assets in Apex Group and board member of Issuance.Swiss AG.
Issuance.Swiss AG is a solution designed to facilitate the creation and circulation of financial products across a wide range of assets. It is powered by the technical expertise and regulatory knowledge of Apex Group, a global fund management and structured products platform.