WisdomTree Launches Physically Backed Bitcoin ETP on SIX Swiss Exchange
A new bitcoin exchange traded product has just listed on the Swiss stock exchange SIX, and it's physically backed by the underlying crypto.
Regulated crypto banks SEBA and Sygnum each issued tokenized securities to mark the occasion.
FiCAS has listed the world's first actively managed bitcoin ETP on Switzerland's SIX exchange.
The company’s application to list a bitcoin ETF in the U.S. is currently being reviewed by the SEC.
Tim Grant, formerly the CEO of ConsenSys-backed DrumG Technologies, is to become head of business at SDX.
SIX said the partnership will provide an important gateway into the digital asset space.