Ethereum

Solana

Apex

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/figment-europe-prepares-to-launch-ethereum-and-solana-staking-etps-on-swiss-exchange/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Figment Europe Prepares to Launch Ethereum and Solana Staking ETPs on Swiss Exchange</a> 
Corporate stake services provider Figment Europe, in collaboration with Apex Group, is preparing to launch leading <a href="https://coin-turk.com/fiyatlari-dibi-gordu-2022-yilinda-patlayacak-4-kripto-parayi-acikladi" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a> <a href="https://en.coin-turk.com/ethereum-sees-surge-in-validator-interest/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> (<a href="https://en.coin-turk.com/crypto-market-dips-as-bitcoin-retreats-to-30k-ethereum-supply-decreases-on-exchanges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>) and Solana (<a href="https://en.coin-turk.com/solana-price-trends-and-analyst-insights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>) staking exchange-traded products (ETPs) on the SIX Swiss Exchange through Issuance.Swiss AG next week.
<h2 style="text-align: justify" id="strong-expected-to-launch-on-march-12-strong">Expected to Launch on March 12</h2>
These investment products, expected to be launched for the first time on March 12, aim to provide institutions with easy access to staking rewards through a traditional ETP package and participation in staking activities through familiar channels such as brokers or banks.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-324132" src="https://coin-turk.com/wp-content/uploads/2024/03/Solaan-Ethereum-Altcoin.jpeg" alt="" width="1280" height="720">
Figment CEO Lorien Gabel pointed to the increasing demand among Figment’s largest customers when announcing the decision to offer Ethereum and Solana staking ETPs. As is known, staking rewards in these networks serve as an incentive for participants who stake and lock the relevant cryptocurrencies to support the operations and security of the <a href="https://coin-turk.com/blockchain-yatirimcisi-charles-read-nftler-hakkinda-ne-dedi" data-wpel-link="internal" rel="noopener noreferrer nofollow">Blockchain</a>.
According to Figment’s Corporate Business Development Leader Josh Deems, considering the recent increased popularity of Ethereum and Solana, the ETPs will provide broader accessibility to staking rewards for a wide audience.
Ethereum and Solana staking ETPs aim to simplify the process for institutional investors to access staking rewards from leading Proof of Stake (PoS) assets. Operating within an ETP structure, these products benefit from full collateralization and a return of over 50% of stake usage to investors. This mechanism allows institutional investors who are not very open to innovations to participate in the asset class through an ETP without directly financing Ethereum or Solana validators.
Furthermore, Figment aims to differentiate its offering by leveraging its expertise in developing a stake infrastructure that prioritizes transparency and rewards performance. By collaborating with Issuance.Swiss, a financial product issuance solution provided by Apex Fund Services, Figment will offer a competitive reward rate while maintaining transparency and performance integrity.
<h2 style="text-align: justify" id="strong-returns-expected-to-be-lower-compared-to-crypto-specific-solutions-strong">Returns Expected to Be Lower Compared to Crypto-Specific Solutions</h2>
While offering simplified packages with regulatory-compliant solutions, the expected returns for Ethereum and Solana staking ETPs will be lower compared to crypto-specific solutions.
Despite the lower potential returns, these ETPs are still highly valuable for both the relevant altcoins and the overall cryptocurrency market as they provide an accessible way for institutional investors to participate in staking activities on Ethereum and Solana.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/figment-europe-prepares-to-launch-ethereum-and-solana-staking-etps-on-swiss-exchange/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Figment Europe Prepares to Launch Ethereum and Solana Staking ETPs on Swiss Exchange</a></h5>

Figment Europe Prepares to Launch Ethereum and Solana Staking ETPs on Swiss Exchange

Table of Contents

COINTURK NEWS

Other articles published on Mar 7, 2024

Ethereum Gears Up for Dencun Update to Elevate Layer 2 Network Performance

Philippines launches regulatory measures against unlicensed exchanges

Ethereum (ETH) Comes Back on Track After 14% Pullback as Bulls Appear to be Poised to Hit $4000 A...

Tether Forges Partnership with Uzbekistan’s National Agency for Crypto Regulation

Laser Digital Unveils Milestone DeFi Partnership with Pyth Network

Buckle Up: Bitcoin Set To Smash $150,000 Mark, Says Trading Guru – Here’s When

Join our free newsletter for daily crypto updates!