Pando Asset Listed First Crypto ETP on SIX Swiss Exchange

ZURICH, 3 August 2022 /PRNewswire/ — As the fifth new crypto ETP issuer to join the SIX Swiss Exchange this year, Pando Asset has attracted a lot of attention in the market since its July 27 listing. Being the first crypto ETP listed on the SIX Swiss Exchange of Pando Asset, as of 3 AugustPando Asset crypto 6 ETP closed at $21.66up to 9.78% growth compared to the issue price of $19.73traded under the Bloomberg symbol “PNDS”.

Pando Asset is domiciled in Switzerland and is built by a group of industry professionals from finance, blockchain technology and cryptoassets, such as Huobi Group, 21 Shares AG and Deutsche Boerse AG. Pando Asset has partnered with the largest crypto asset custodian Coinbase and is 100% fully secured. Highlighted by Junfei RenPartner at Pando Asset, said: “Pando Asset’s mission is to allow investors to safely, easily and effectively participate in crypto-assets without worrying about storing private key risks and systematic security issues. This builds trust and is the perfect gateway for both new investors and traditional institutional investors to become key players in this new crypto era.”

The Pando Asset Crypto 6 ETP mainly tracks the Winter Pando crypto basket 6 index, which gives investors the opportunity to participate in the performance of a basket of digital assets made up of the largest smart contracts by market capitalization. Investors can buy or redeem ETPs at the same real-time price as Coinmarketcap through their brokerage accounts during regular business hours on the SIX Swiss Exchange.

Currently, the index contains the six largest cryptoassets by market capitalization. The index is rebalanced quarterly and weighted to allow investors to diversify, highlight and prevent the two largest assets from outperforming the curve. The digital assets are held in cold storage at the institutional graded and regulated custodian. Along with other security measures such as multi-signature authorization, whitelist addresses and audit trail, Pando6 ETP is designed to provide investors with a product with complete security to invest.

With the merger of Pando Asset, Christian ReussHead of SIX Swiss Exchange, highlighted: “I am pleased to see that our growing ETF and ETP market has attracted the fifth new crypto issuer this year. A warm welcome to Pando Asset which recently offers its crypto basket ETP on our exchange. “

SOURCE Pando Asset AG