Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

SEBA Bank AG lists Digital Assets ETPs on SIX Swiss Exchange in strategic cooperation with GHCO, a leading liquidity provider

Disclaimer: The text below is a press release that was not written by Finyear.com.
Avertissement : Le texte ci-dessous est un communiqué de presse qui n'a pas été rédigé par Finyear.com.


• Product suite consists of Bitcoin and Ether Tracker Certificates in USD, Tracker Certificate on the SEBAX® Crypto Asset Select Index and the first CHF currency-hedged Bitcoin Tracker
• SEBAX® - the market leading Digital Asset Index - is now available as ETP
• GHCO and SEBA Bank announce strategic partnership to bring multiple digital assets ETPs to market

SEBA Bank, a FINMA-licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today announced it is listing a suite of digital-assets-based exchange traded products (“ETPs”) on the SIX Swiss Exchange in partnership with GHCO, a leading liquidity provider specialising in exchange traded funds, from tomorrow, 09 April 2021.

The ETPs have been designed to provide investors with secure and cost-effective access to digital assets without the typically associated custody and security challenges.

The product suite consists of Bitcoin and Ether Tracker Certificates in USD, as well as the first CHF currency-hedged Bitcoin Tracker in the market. The Tracker Certificate on the SEBAX® Crypto Asset Select Index, a leading digital assets market index, is also being listed. SEBAX® is a unique combination of professional index methodology and bottom-up research. SEBA Bank´s Research unit applies the highest standards and complies with the Swiss Bankers Association research guidelines. Digital assets are selected according to a rigorous process combining quantitative metrics and in-depth qualitative analysis.

GHCO will act as the liquidity provider and market maker for the newly listed ETPs. The partnership between SEBA Bank and GHCO will leverage the firms’ respective expertise in asset management and market making as investor appetite for digital assets continues to grow.

Stefan Schwitter, Head Investment Solutions at SEBA Bank, said: “We believe our products stand out based on the institutional-grade quality and the highly competitive price points. We are providing a secure and cost-effective alternative to holding coins directly at exchanges.”

Guido Bühler, CEO SEBA Bank, added: “We set out to build a bridge from traditional banking to the digital world. Our product philosophy and the exceptional performance track record of the SEBAX® Index are a reflection of this ambition.”

Stefan Kaba-Ferreiro, Head of Trading and Managing Partner at GHCO said: “ETPs are a key development for investing in crypto assets as it matures as an asset class and we see more demand for reliable, easily-accessible infrastructure with deep pools of liquidity.”

Benefits of the listed products include:
• Fully backed by coins
• Low management fees
• Institutional-grade custody
• Highest quality processes of a licensed Swiss bank
• Excellent performance track record of the SEBAX® Crypto Asset Select Index
• Custodian bank is SEBA Bank AG

About SEBA Bank –The Future of Digital Banking, Investing & Financing
Founded in April 2018 and headquartered in Zug, SEBA Bank is a pioneer in the financial industry and is the only global smart bank providing a fully universal suite of regulated banking services in the emerging digital economy. In August 2019, SEBA Bank received a Swiss banking and securities dealer licence – the first time a reputed, regulatory authority such as FINMA has granted a licence to a financial services provider with a core capability in digital assets. The broad, vertically integrated spectrum of services combined with the highest security standards, make SEBA Bank’s value proposition unique - this is why Banque de France selected SEBA Bank to test the integration of Central Bank Digital Currency (CBDC). CVVC Global Report and CB Insights names SEBA Bank as Top 50 Companies within the blockchain ecosystem.
seba.swiss

About GHCO
GHCO is one of the fastest-growing liquidity providers specialising in exchange traded funds. It strives to make ETFs accessible in every market worldwide with a focus on intelligent algorithmic trading, tight spreads, reliable presence and the expertise to price a wide range of products.
With offices in the UK and US, GHCO is a market maker on and off all major European exchanges. Throughout a single trading day, GHCO quotes thousands of products and helps asset managers to bring even the most niche and esoteric products to market.
www.ghco.co.uk

Jeudi 8 Avril 2021




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