Fineqia Taps LSEG’s FTSE Russell to Enhance Crypto ETPs

Wednesday, 26/04/2023 | 15:10 GMT by Solomon Oladipupo
  • The firm wants to boost the transparency, liquidity and accessibility of its ETPs.
  • Approximately $16 trillion has been currently benchmarked to FTSE Russell's indices.
lse
LSEG

Fineqia AG, a Europe-focused provider of exchange-traded notes (ETN) collateralized by cryptocurrencies, has announced its partnership with London Stock Exchange Group (LSEG)-owned FTSE Russell, which is a global index provider. The Liechtenstein-based subsidiary of Fineqia International disclosed the deal in a statement shared with Finance Magnates.

Fineqia Seeks to Boost ETP Liquidity

Fineqia International is a Canada-listed operator of a debt and equity security issuance and management platform. In addition, the company builds and provides investments to early and growth-stage technology firms.

In the statement, Fineqia noted that the deal, which was signed last Friday, will enable its subsidiary to gain access to FTSE Russell’s comprehensive indexing and analytics capabilities in order to improve “the transparency, liquidity and accessibility” of its exchange traded products (ETPs).

"This collaboration will allow us to provide top-quality opportunities that meet the highest standards of transparency and security,” said Michael Coletta, Fineqia’s Chief Strategy Officer.

Also commenting, Kristen Mierzwa, the Head of Digital Assets at FTSE Russell, expressed the LSEG's subsidiary firm's excitement at supporting Fineqia's move to offer improved transparency and accessibility to the crypto market.

A Global Index Leader

As a top global stock markets indices provider, FTSE Russell currently boasts approximately $16 trillion benchmarked to its indices by asset owners and managers, exchange-traded fund (ETF) providers and investment banks.

According to FTSE Russell, its indices measure and benchmark markets and asset classes in over 70 countries account for 98% of the global investable market.

“Fineqia's use of FTSE Russell indices is expected to significantly enhance the transparency and liquidity of its digital asset investment products, enhancing the company's position as a leader in institutional quality investment solutions,” Fineqia said.

Meanwhile, earlier this year, the derivatives marketplace operator CME Group tapped CF Benchmarks, a cryptocurrency benchmark indices provider, to launch three new Metaverse indices. Both firms fixed January 30 as the launch date.

FMA flags fraudulent broker; new FX pairs on Admirals; read today's news nuggets.

Fineqia AG, a Europe-focused provider of exchange-traded notes (ETN) collateralized by cryptocurrencies, has announced its partnership with London Stock Exchange Group (LSEG)-owned FTSE Russell, which is a global index provider. The Liechtenstein-based subsidiary of Fineqia International disclosed the deal in a statement shared with Finance Magnates.

Fineqia Seeks to Boost ETP Liquidity

Fineqia International is a Canada-listed operator of a debt and equity security issuance and management platform. In addition, the company builds and provides investments to early and growth-stage technology firms.

In the statement, Fineqia noted that the deal, which was signed last Friday, will enable its subsidiary to gain access to FTSE Russell’s comprehensive indexing and analytics capabilities in order to improve “the transparency, liquidity and accessibility” of its exchange traded products (ETPs).

"This collaboration will allow us to provide top-quality opportunities that meet the highest standards of transparency and security,” said Michael Coletta, Fineqia’s Chief Strategy Officer.

Also commenting, Kristen Mierzwa, the Head of Digital Assets at FTSE Russell, expressed the LSEG's subsidiary firm's excitement at supporting Fineqia's move to offer improved transparency and accessibility to the crypto market.

A Global Index Leader

As a top global stock markets indices provider, FTSE Russell currently boasts approximately $16 trillion benchmarked to its indices by asset owners and managers, exchange-traded fund (ETF) providers and investment banks.

According to FTSE Russell, its indices measure and benchmark markets and asset classes in over 70 countries account for 98% of the global investable market.

“Fineqia's use of FTSE Russell indices is expected to significantly enhance the transparency and liquidity of its digital asset investment products, enhancing the company's position as a leader in institutional quality investment solutions,” Fineqia said.

Meanwhile, earlier this year, the derivatives marketplace operator CME Group tapped CF Benchmarks, a cryptocurrency benchmark indices provider, to launch three new Metaverse indices. Both firms fixed January 30 as the launch date.

FMA flags fraudulent broker; new FX pairs on Admirals; read today's news nuggets.

About the Author: Solomon Oladipupo
Solomon Oladipupo
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About the Author: Solomon Oladipupo
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
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