Cardano Staking ETF Debuts on Swiss Stock Exchange

The Swiss Stock Exchange, SIX, recently announced the listing of a new financial product, the Cardano Staking ETF (CASL).

This Exchange Traded Fund (ETF), created by Liqwid Finance in collaboration with Issuance.Swiss AG. It introduces a way for investors to engage with ADA, native to the Cardano blockchain, alongside earning potential staking rewards.

Swiss Stock Exchange Lists Cardano Staking ETF

The ETF is designed to track the market performance of the ADA token and the returns generated from staking the token. Staking involves participants actively engaging in transaction validation on a Proof-of-Stake blockchain, a process that earns them rewards on their holdings.

Florian Volery, the co-founder of Liqwid Finance, explained the dual benefit of the ETF. He emphasized its role in bridging the gap between traditional finance and decentralized finance (DeFi). According to Volery, CASL offers investors a blend of traditional financial product stability with the growth inherent in crypto.

“Until now, most of the financial instruments available to investors in the crypto universe gave them access to developments in the underlying assets (Bitcoin, Ethereum, ADA, etc.). We’re going one step further, by putting ADA’s outstanding assets to work and redistributing the interest to investors,” Volery said.

Read more: How To Stake Cardano (ADA)

A standout feature of the CASL ETP is its 100% backing by physical ADA tokens, secured in cold storage, mitigating risks associated with digital asset custody. This physical backing aims to provide a solid foundation for the ETF, offering investors an additional layer of security.

Moreover, CASL boasts a lower management fee of 1.5%, positioning it as a cost-effective option. Its launch on the SIX Swiss Exchange platform fu

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Author: Bary Rahma

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