21Shares Stellar XLM ETP (CH1109575535 | BBG: AXML SW)
21Shares Cardano ADA ETP (CH1102728750 | BBG:AADA SW)
22 April 2021 - Zurich - 21Shares AG, the pioneering issuer of crypto
Exchange Traded Products (ETPs) is launching the world's first Stellar
XLM ETP (AXLM) and Cardano ADA ETP (AADA) on the regulated market of the
Swiss stock exchange (SIX Exchange) on Monday, April 26th 2021, further
boosting 21Shares as the leading issuer of crypto ETPs.
During the last rebalancing review, Stellar was admitted by the Index
Provider (MVIS - HODL5) to the 21Shares HODL basket ETP as fourth
constituent after Bitcoin Cash (BCH) and XRP were removed. This makes
now the ideal time to add additional single asset ETPs for Stellar and
Cardano to the current range of single crypto ETPs offered by 21Shares.
Cardano (ADA) is a blockchain-based smart contract platform enabling
developers to build decentralized applications. Unlike other leading
smart contract platforms like Ethereum, Cardano currently uses a Proof
of Stake algorithm called Ouroboros to power its transaction settlement
and to produce new blocks in its blockchain. Cardano was first shipped
in 2017 by Input-Output (IOHK), a for-profit company, founded in 2015 by
Ethereum co-founder, Charles Hoskinson who serves as the CEO.
Stellar, is a purpose-built blockchain enabling the transfer of any kind
of assets and currencies; for example Bitcoin, dollars and euros, and
allowing developers to build low-cost financial services on the
platform. Lumen (XLM), Stellar's native token is a utility token for
the platform to pay transaction fees. Stellar was founded in 2014 by Jeb
McCaleb, co-founder of Ripple, and since then the network has processed
more than 450 million operations made by over 4 million users.
Further insights and analysis of Stellar and Cardano can be found in two
new research reports just published by the 21Shares research team.
The launches are responding to the recent surges of interest in these
assets. More broadly, 21Shares has seen a 3-fold increase in demand
across its suite of crypto ETPs since Q1 2021 based on aggregated new
inflows across the range. Demand has been driven by institutional
investors choosing 21Shares's institutional-grade and open-ended ETPs.
"Following active lobbying with the authorities to extend the innovative
and forward-thinking asset launches, we are on track to deliver these
new innovative and market leading crypto ETPs. As the leading crypto ETP
issuer, Swiss and European institutional alike are asking us for simple
and effective access to these new blockchain technologies. These new
ETPs deliver what they asked for and we expect to add another 2 new
crypto ETPs this quarter on top of new listing venues." says Hany
Rashwan, CEO 21Shares AG.
Both AXLM and AADA ETPs will allow clients to diversify and gain
exposure to cross-border transitions between any pair of currencies
whilst Cardano will help running smart contracts using proof of stakes
on a level previously not possible executing using your bank or broker.
The ETP structure is 100% physically collateralised, segregated and
replicates 1:1 the tracking of both crypto assets. Coinbase will assume
custody for XLM and Kingdom Trust for ADA. Physical replication for AXLM
and AADA aims to track the performance of stellar (XLM) and Cardano
(ADA) with each unit of the ETP backed by approx. 40 XLM and 16 ADA
respectively at launch. Both products have a base fee of 2.5% p.a and
will also be available on the Stuttgart and Dusseldorf MTFs.
SWISS SIX : 21Shares Stellar XLM ETP | CH1109575535 | WKN A3GRTM | AXLM
SW in USD | Kurzel XLME in Euro
SWISS SIX : 21Shares Cardano ETP | CH11002728750 | WKN A3GRTN | AADA SW
in USD | Kurzel DADA in Euro
About 21Shares AG
21Shares makes investing in crypto assets as easy as buying shares using
your conventional broker or bank. Investors can invest in
cryptocurrencies using a conventional ETP structure (or tracker) easily,
with total confidence and security and cost-effectively thanks to the
21Shares suite of ETPs now composed of 14 Crypto ETPs : the 21Shares
Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW | 21XB:GY),
21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares
Bitcoin Cash ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares
Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares
Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW),
21Shares Short Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP
(ADOT:SW | PDOT:GR), 21Shares Stellar ETP (AXLM SW | XLME GR) and
21Shares Cardano ETP (AADA SW | DADA GR). The entire suite is listed on
a regulated framework on the official market of Deutsche Boerse, SIX
Swiss Exchange, BX Swiss and some on Börse Stuttgart in CHF, USD,
GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of
talented serial entrepreneurs and experienced banking professionals from
the technology and financial world. Incorporated in Zug, with offices in
Zurich and New York, the company has launched several world firsts,
including the first listed crypto basket index (HODL) ETP in November
2018. 21Shares has 12 crypto ETPs listed today and has over $1.55 Bn in
AuM in total listed products.
Press Contact Laurent Kssis +41 44 260 8660 press@21Shares.com
Disclaimer
This document and the information contained herein are not for
distribution in or into (directly or indirectly) the United States,
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constitute an offer of securities for sale in or into the United States,
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to sell, or a solicitation of an offer to purchase, any securities in
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materials relate have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities Act"),
and may not be offered or sold in the United States absent registration
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potential investors in Austria, Belgium, Denmark, Finland, France,
Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the
Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is
made available on the Issuer's website under
https://www.globenewswire.com/Tracker?data=hAJ4_2Atyn2b3iKe6sN4n-CTN2gI_l-a46ZKkFw52sI9bt-SPiNS73lCw3-pA0BHskUcMfUVvWfwU6y77tvBGU4wyfYsr7qE0-lrbqrt-raw5XMIs3z-6od-7cSICmNqTMl4yFndck86jIBWLNEpVq3YxsTdi2KnX_HxEhsFD5-C4eU-JK9N5_KkUlRcVAtgx6pGWC6SCCqC3f67Yg0jbLbcSfD7Fzg4XU5GfLCUwdY=
www.21Shares.com. The approval of the 2019 Base Prospectus (EU) should
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offered or admitted to trading on a regulated market. Eligible potential
investors should read the 2019 Base Prospectus (EU) and the relevant
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the potential risks associated with the decision to invest in the
securities. You are about to purchase a product that is not simple and
may be difficult to understand. This document is not an offer to sell or
a solicitation of an offer to buy or subscribe for securities of
21Shares AG. Neither this document nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer or
commitment whatsoever in any jurisdiction. This document constitutes
advertisement within the meaning of the Swiss Financial Services Act and
not a prospectus. Copies of the current Base Prospectus dated 13
November 2020 are available free of charge from the website of the
Issuer. Subject to applicable securities laws, the Base Prospectus and
the final terms of any product mentioned herein can be obtained from
21Shares AG on the website. Copies of this document may not be sent to
jurisdictions, or distributed in or sent from jurisdictions, in which
this is barred or prohibited by law. The information contained herein
does not constitute an offer to sell or the solicitation of an offer to
buy, in any jurisdiction in which such offer or solicitation would be
unlawful prior to registration, exemption from registration or (MORE TO FOLLOW) Dow Jones Newswires
April 22, 2021 12:25 ET (16:25 GMT)
