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
For more information, please contact:
Paulo Germann21Shares AGpress@21shares.com
About 21Shares21Shares 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
Legal Disclaimer
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,
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any applicable implementing measures in any Member State, the
"Prospectus Regulation") this communication is only addressed to
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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
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