The SIX Swiss Exchange Approves Hashdex as a Crypto ETP Issuer

Hashdex, a leading global crypto-focused asset manager, announced on Monday that it got approval from the SIX Swiss Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term to list ETPs in Switzerland. According to the press release, Hashdex’s entry into the Swiss Crypto Valley ‘will accelerate the company’s international reach through innovative, regulated, institutional-grade products and services that build a pathway to connect Swiss and European investors to the crypto economy.’

“As the crypto asset industry enters a new and more mature stage of its history, investors have a right to expect the highest quality and a greater level of product diversity than in its early days. Building on the success of our range of solutions on the other side of the Atlantic, which meet best-in-class standards, our goal is to make them available in Switzerland first and soon across European investors. Switzerland offers a legal framework conducive to crypto assets and is a crucial step in our global development,” Bruno Sousa, the Head of Global Expansion of Hashdex, commented.

Laurent Kssis, a crypto ETP and ETF leader, was recently named Managing Director and Head of Europe at Hashdex, where he will oversee the firm’s expansion into Europe. The Hashdex team is made up of more than 90 members from the finance and technology world based in Rio de Janeiro, New York and Zurich. To support the firm’s global expansion, Hashdex is actively recruiting in London, Zurich, Paris and Lisbon.

Path Ahead

By early 2021, Hashdex will have introduced the world’s first crypto-tracking ETF, Hashdex Nasdaq Crypto Index ETF, the world’s first decentralized finance ETF, and a smart contract Smart Contract A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist Read this Term ETF. In order to ensure the security and safety of institutional investors, these offerings are provided in partnership with international custodians, auditors and other partners.

“Hashdex was founded in 2018 with the vision of offering simple, secure and diversified exposure through baskets of crypto assets that address various sectors in this exciting space. Our approach to crypto asset management has enabled us to become the largest global crypto asset manager in Latin America in just a few years,” Marcelo Sampaio, the Co-Founder and CEO of Hashdex, pointed out.