21Shares Announces Listing of Polygon, Avalanche and Algorand crypto ETP on SIX Swiss Exchange
21Shares AG (“21Shares”), the world’s largest issuer of physically-backed crypto ETPs today announces the listing of 3 additional crypto ETPs on the SIX Swiss Exchange. The new product launch brings the total number of crypto ETP products issued to 20 on the Swiss market and a total of 80 listings on Swiss and European markets.
The 21Shares Polygon ETP, Ticker: POLY (ISIN CH1129538448) tracks the investment results of Polygon an Ethereum scaling platform onboarding millions to Web3. Hosting more than 3,000 applications, Polygon has become the most popular full-stack Ethereum scaling solution due to its high speed, low transaction cost, and network composability. Listing date: November 18.
The 21Shares Avalanche ETP, Ticker: AVAX (ISIN: CH1135202088) tracks the investment results of Avalanche, an Ethereum rival, which aims to unseat the most popular blockchain for smart contracts. Its key strength is the higher transaction output of up to 6’500 transactions per second, while not compromising scalability. Listing date: November 19.
The 21Shares ETP Algorand, Ticker: ALGO (ISIN: CH1146882316) tracks the investment results of Algorand, a layer 1 blockchain solution supporting the creation of decentralized applications. Algorand was founded by Silvio Micali, Professor at the MIT, and a recipient of the Turing Award in computer science, often referred to as the Nobel Prize of computing. Listing date: November 23.
Hany Rashwan, co-founder, and CEO of 21Shares, says, “Adding Polygon, Avalanche and Algorand to our already expansive suite of single-asset ETPs delivers another simple and easy option for investors to enter the crypto asset class, and allows us to continue fulfilling our mission to build the simplest and most transparent way to access this asset class.”
Michael Lie, Head of Digital Asset Trading at Flow Traders, continues, “We are excited to be supporting the launch of the new ETP and deepening our successful partnership with 21Shares. As the number one crypto ETP liquidity provider, Flow Traders is at the forefront of enabling this fast-growing crypto asset class. This listing is another clear indication of the increasing expectations of both investors and issuers striving for more innovative products.”
All 21Shares ETP are accessible to investors using a bank or broker that has access to the SIX Swiss Exchange – with no additional special set-up needed. The ETPs are fully backed by the underlying crypto asset and is held in institutional-grade security and custody solution, using state-of-the-art cold storage and safety measures, including multiple private keys, whitelisting, and audit trails.
As of November 2021, 21Shares manages almost $3bn in 20 cryptocurrency ETPs and 80 listings, including two new basket ETPs, featuring the eligible top five and top ten crypto assets. 21Shares’ crypto ETP products are listed on eight regulated European and Swiss trading exchanges.
More about the 21Shares crypto ETP product suite is available on our webpage: www.21shares.com/product
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21Shares takes innovation to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world. In 2018 it pioneered the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and it continues powering its cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy. 21Shares aims to provide all investors with an easy, secure, and regulated way to buy, sell, and short cryptocurrency through existing bank and brokerage accounts. The 21Shares issuance platform, Onyx, is used by both 21Shares and third parties to issue and operate cryptocurrency ETPs around the world. For more information, visit www.21shares.com
This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. This document constitutes advertisement within the meaning of the Swiss Financial Services Act and not a prospectus. This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities to sell or a solicitation of an offer to purchase in or into the United States, Canada, Australia, or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than the Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Slovakia, Spain and Sweden) that has implemented the Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in any Member State, the "Prospectus Regulation") this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Slovakia, Spain, and Sweden the 2020 Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com. The approval of the 2020 Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2020 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities.
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