News
Deutsche Börse Welcomes Cardano Staking ETP from Liqwid (CASL), a Disruptive Crypto Product
issue.swiss AG
Frankfurt, 21 May 2024 – Liquid finance (“Liqwid”), an open source, algorithmic, non-custodial interest rate protocol created for lenders, borrowers and developers, is partnering with issuance.swiss AG (the ETP issuer) to introduce CASL, a revolutionary listed financial vehicle in the market realm of digital assets. CASL not only tracks the performance of its underlying Cardano token ADA, recognized for its extensive peer-reviewed academic research, but also generates staking rewards. Listed on the stock exchange as an Exchange Traded Product (ETP), the product is already available to investors on the Swiss stock exchange SIX and from 22 May on the regulated segment of the Deutsche Börse XETRA (WKN A4AFBK, German ticker CSLE, ISIN code CH1327686056).
More premiums, fewer management fees, greater profitability
Second the co-founder of Liqwid Finance, Florian Volery, “CASL combines the benefits of a traditional product with the staking rewards inherent to blockchain technology. It is accessible, convenient, simple and secure. With CASL, we aim to make a transformational leap, which will set a new standard for digital asset management resources.” Until now, most financial instruments in the cryptocurrency space have granted access to the development of the underlying assets (Bitcoin, Ethereum, ADA, etc.), but CASL offers more by redistributing staking rewards to investors.
This dual return on investment, combined with lower management fees (1.5%), offers investors unprecedented benefits. Finally, the fund is fully backed by physical supplies of ADA tokens held securely in an offline (“cold”) wallet. CASL ETP provides instant liquidity without any lock-in period, leveraging the flexibility of the Cardano blockchain.
Cardano, one of the most secure networks in the world
Liqwid, the company behind the innovative idea, stakes ETP ADA tokens on the Cardano network, which has remained operational without interruption for the past five years. In contrast, its major competitors, such as Solana, Ethereum, and Avalanche, all based on proof-of-stake consensus, have suffered outages. Cardano’s scientific technology is evidenced by a vibrant ecosystem of companies creating innovative applications and supported by over 4.5 million wallets. Its network is widely regarded as the most decentralized and secure in existence. The Cardano blockchain was adopted by the United Nations Refugee Agency (UNHCR) to help raise funds using staking to support people forced to flee.
The story continues
For Bruce Jackson, head of digital assets at Apex Group“There is strong interest among investors in easily accessible crypto assets like CASL. CASL’s first listing on the Swiss stock exchange SIX in March 2024 demonstrated appetite for a new generation of crypto ETPs, allowing investors to earn returns but also contributing to the decentralization of the network, a crucial aspect for blockchain to serve as a financial platform and create a more inclusive world.” Tim Brückmann, CASL partner and founder of IAMXhighlights blockchain’s potential to finance those without access to banking services once digital ID is integrated, potentially putting millions of individuals onto the Cardano blockchain.
Learn more: see the attached sheet
Press Contact: press@liqwid.ch or +41 79 269 53 31
About Liqwid Finance
Liqwid is a liquidity protocol for lending and borrowing assets native to Cardano. The Liqwid protocol is made up of decentralized and controlled smart contracts built on the Cardano blockchain. Smart contracts allow users to deposit liquidity in a money market, earn interest and open over-collateralized loans directly, without intermediaries and securely. The platform launched in February 2023 and currently holds over 65 million ADA tokens on its protocol. Liqwid’s mission is to build bridges between decentralized and traditional finance, with the aim of financing the real economy through blockchain technology.
About IAMX
IAMX is a Self-Sovereign Identity (SSI) service provider and identity management platform developer based in Zug, Switzerland. IAMX is at the forefront of the Web3 revolution, bringing the world’s most secure and easy-to-use SSI solution to the Internet. Their commitment is to help improve the world through the confidence and security of owning their own identity. Their mission is to protect every individual’s human right to own, control, and own their personal identity. From issue.swiss AG
issue.swiss AG is a special purpose vehicle (SPV), an ad hoc structure dedicated to the listing of financial products on regulated European stock markets. Headquartered in Zug, Switzerland, and affiliated with Apex Group Ltd, a global financial services provider, issue.swiss AG offers a turnkey solution for European and American clients to implement their simple and complex digital asset strategies on the regulated market in the form of a product traded on an exchange. Thanks to its autonomous structure, Issuance.Swiss AG enables these clients to manage compliance constraints surrounding digital asset management. Issuance.swiss AG integrates all necessary service providers for a rapid market launch and controls all operational costs.
About Apex Group Ltd.
Apex Group Ltd., founded in Bermuda in 2003, is a global financial services provider. With more than 13,000 employees worldwide, Apex Group provides services in 50 jurisdictions offering a broad range of services to asset managers, financial institutions, private clients and family offices. The Group has continuously improved and evolved its capabilities to offer a single source solution by creating the widest range of services in the industry; including fundraising solutions, fund administration, digital onboarding and bank accounts, custodian, custody, super ManCo, corporate services and a pioneering ESG rating and advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three key areas; the environment and climate change, women’s empowerment and economic independence, education and social mobility.
