Cardano Staking ETP Launched in Switzerland
On Thursday, March 14, Liqwid Finance, a Switzerland-based protocol, in collaboration with Issuance.Swiss AG, launched a financial product named CASL. CASL is an Exchange Traded Product (ETP) that allows investors to harness the growth and staking rewards of the ADA token from the Cardano blockchain. The product is listed on the SIX Swiss Exchange and offers a unique combination of traditional finance stability and decentralized finance (DeFi) returns.
Advantages of CASL
- CASL tracks the performance of the ADA token and captures the returns generated from staking ADA.
- Investors benefit from exposure to ADA price appreciation and additional staking rewards, enhancing their overall return on investment.
Florian Volery, Co-founder of Liqwid Finance, highlighted that CASL offers advantages of both traditional and decentralized finance. It is a low-cost, liquid, institutional-quality product that bridges the gap between traditional finance and digital assets. CASL is innovative because it provides investors with exposure to ADA’s market performance as well as rewards from staking the token. This sets CASL apart from other crypto investment products that only offer exposure to asset price movements.
Competitive Features
- CASL has a competitive management fee of 1.5%, lower than many similar products in Europe.
- The ETP has a controlled risk profile as it is fully backed by physically held ADA tokens stored securely offline, reducing the risk of online threats.
- Liqwid carries out the staking of the ETP on the Cardano network.
Bruce Jackson, Head of Digital Assets at Apex Group, emphasized the significance of CASL for the broader finance ecosystem. He stated that CASL simplifies investment in cryptocurrencies while promoting the decentralization of finance. This product has the potential to offer financial participation opportunities to millions who are currently outside the traditional banking system.
Johnny Sachs, a contributor to Liqwid, announced the launch of CASL on the Swiss SIX exchange with enthusiasm. The Cardano Staking ETP provides investors with a groundbreaking development and is expected to be a successful listing.
Liquidity and Pricing
- The CASL ETP offers instant liquidity, allowing investors to access their funds without any lock-in periods, unlike typical on-chain staking arrangements.
- The involvement of Swiss entities throughout the value chain of CASL ensures security and reliability.
- The ETP is priced at $25 at launch and is also available in CHF and EUR, providing direct exposure to ADA with a valuation based on the current market price.
As of press time, ADA traded at $0.70, down 13.3% in the last 24 hours.
Hot Take: Enhancing Investment Opportunities with CASL
The launch of CASL brings new opportunities for investors interested in Cardano and its staking rewards. By combining traditional finance stability with decentralized finance returns, CASL offers a unique investment product in the market. With its competitive features such as low management fees and controlled risk profile, CASL provides a cost-effective option for investors looking to enter the crypto space.
CASL’s instant liquidity feature sets it apart from other staking arrangements by allowing investors to access their funds without any lock-in periods. This flexibility makes CASL more attractive for investors seeking liquidity in their investments.
The involvement of Swiss entities in the creation and management of CASL ensures security and reliability, providing investors with peace of mind. The product’s listing on the SIX Swiss Exchange further adds to its credibility and accessibility.
Overall, CASL opens up new avenues for investors to participate in the growth and staking rewards of the ADA token. With its innovative approach and competitive features, CASL is poised to make a significant impact in the crypto investment landscape.
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