CoinShares and FTX Announce Physical FTX Token ETP as Partnership Continues
SAINT HELIER, Jersey, April 28, 2022 /PRNewswire/ -- CoinShares ("the Company") (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe's largest digital asset investment firm with US$3.8bn* in AUM, and FTX, a leading regulated cryptocurrency exchange, today announced the launch of a physically-backed FTX Token ETP on Xetra, Germany's main market. The launch is in partnership with FTX Europe and will begin with seed capital of approximately US$40M.
- We look forward to working with FTX on future initiatives and launching more ETPs in the weeks and months ahead."
- CFTT is the fifth ETP to be listed by CoinShares this year, and comes soon after the launch of the CoinShares FTX Physical Staked Solana ETP in March, which marked the beginning of a strategic partnership between CoinShares and FTX.
- The Solana ETP is part of a unique suite of 'Staked' products designed by CoinShares, and features a reduced management fee of 0.0% p.a.
- CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base.