Today, the fifth new ETP issuer to join SIX Swiss Exchange so far this year lists its Pando Asset Crypto 6 ETP. It offers investors the opportunity to participate in the performance of a basket of digital assets consisting of largest smart contracts assets by market capitalization.

Currently, the following five digital assets are included in the underlying index: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL) and Cardano (ADA). According to Pando Asset, the weight per asset is proportional to the square root of its market capitalization.

Christian Reuss, Head SIX Swiss Exchange, expresses a warm welcome to Pando Asset newly offering their crypto basket ETP in Switzerland: “I’m delighted to see that our growing ETF and ETP market has attracted the fifth new crypto issuer this year.”

Thibaut Vidart, Product Manager, Global Market Data, SIX

I’m delighted to see that our growing market has attracted the fifth new crypto issuer this year.

Christian Reuss, Head SIX Swiss Exchange

Previously in 2022, InvescoFidelityHelveteq and Hashdex have joined SIX Swiss Exchange to list their ETPs, almost as many as in the entire 2021, when ETC Group, CoinShares, SEBA Bank, Iconic Funds, Van Eck and Ridgex listed their first products in Switzerland – including several world premieres on a regulated exchange.

Junfei Ren, Partner at Pando Asset commented: “Our company has the mission enable investors to participate in crypto assets without worrying about the risk of missing a private key or password, or facing any loss from hackers or systematic security issues.” 

Pando Asset is domiciled in Switzerland and built by a group of industry professionals from finance, blockchain technology and crypto asset space. It has partnered with the largest crypto asset custodian Coinbase and is 100% collateralized.

Best European Exchange for Listing Cryptocurrency ETPs

For its pioneering work in the field of investment products with cryptocurrencies as underlying assets, the Swiss stock exchange is awarded Best European Exchange for Listing cryptocurrency ETPs at the ETF Express European Awards. The crypto segment on the Swiss stock exchange has seen strong growth since its launch in 2018. Last year, trading turnover amounted to CHF 8.6 billion, a growth of 673% compared to 2020.

With today’s crypto ETP listing by Pando Asset, investors can choose between a total of 176 crypto ETPs from 13 different issuers. With these figures, SIX Swiss Exchange ranks among the world’s leading regulated trading venues for cryptocurrency-based assets.