Fineqia International Inc. , a digital asset and investment business, announces a partnership between its subsidiary Fineqia AG and Copper.co a leader in digital asset custody, collateral management, and prime services to provide custody solutions for its exchange-traded note business.
Custody is a component of the ETN issuing process, ensuring the safekeeping and security of the digital assets underlying the investment products. Copper is a leading institutional-grade digital asset custodian that will securely store the assets supporting Fineqia AG’s ETNs, protecting them from theft, loss, or unauthorized access. By providing this essential service, Copper helps establish the necessary trust and transparency that are pre-requisites to facilitating institutional investment in digital assets.
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“We are excited to develop a mutually beneficial relationship,” said Ross Budgen, client solutions director at Copper. “Copper’s advanced custody solutions are industry leading, making us a trusted partner for firms innovating in the digital asset investment industry.”
“Providing secure custody solutions for the digital assets backing our ETNs is a top priority,” said Matteo Greco, digital asset research analyst at Fineqia International Inc. “This collaboration underscores Fineqia AG’s commitment to offering reliable and transparent products.”
On January 24, Fineqia AG announced the issuance of the world’s first ETN to deploy underlying crypto assets in decentralized finance (DeFi). The Fineqia FTSE Cardano Enhanced Yield ETN (Ticker: YADA; ISIN: LI1408648106) is listed on the Vienna Stock Exchange.
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Exchange-traded products include exchange traded- funds and ETNs. ETNs, such as those issued by Fineqia AG, are debt instruments that track the performance of an underlying asset, including cryptographically encrypted digital ones. Together with ETFs, ETNs form a broader category of ETPs that provide investors with regulated and liquid access to a variety of asset classes.
The partnership agreement between Fineqia AG and Copper was signed on May 26, 2023. Under the terms of the agreement, Copper’s services will commence upon the seeding of the ETN, which took place on December 13, 2024.
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Source – PR Newswire
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