Firm's First European Product to be Traded on
the SIX Swiss Exchange
ZURICH and NEW
YORK and RIO DE
JANEIRO, April 28, 2022 /PRNewswire/
-- Hashdex, a leading global crypto-focused asset manager,
today announced the upcoming launch of the Hashdex Nasdaq Crypto
Index Europe exchange-traded product ("ETP") ISIN CH1184151731. The
firm's first European product will be available on the SIX Swiss
Exchange under the ticker symbol SIX: HASH SW starting Monday, May 2, 2022.
The Hashdex Nasdaq Crypto Index Europe ETP (SIX: HASH SW) tracks
the Nasdaq Crypto Index Europe™ (NCIE™),
an index designed to measure the performance of the overall digital
asset market while remaining reflective of the ETP listing
standards at specified European exchanges. The NCIE was
specifically designed to be dynamic in nature, broadly
representative of the market, and readily trackable by both
institutional and retail investors.
"The launch of HASH SW is a major milestone for Hashdex as we
continue to deliver on our mission of providing global investors
with access to the crypto asset class," said Marcelo Sampaio, Co-Founder & CEO of
Hashdex. "With our strong European team led by European ETP and ETF
expert Laurent Kssis, coupled with our experienced global team and
our deep international relationship with Nasdaq, we are
well-positioned to offer investors worldwide simple, secure, and
regulated products that allow them to gain diversified exposure to
the crypto ecosystem."
"Capturing the performance in the crypto assets using a
financial instrument like an ETP can be highly challenging for
institutional investors as many existing products have been based
on single assets crypto exposure and that does not answer their
investment objectives in a conventional portfolio allocation," said
Laurent Kssis, Managing Director and Head of Europe of Hashdex. "We believe with this index
and subsequently delivering this institutional-grade ETP, we have
represented exactly what investors have been demanding by offering
a product with diversified exposure that mitigates risk in crypto
assets. With the support of Nasdaq, Hashdex is incredibly
well-positioned to service the needs of investors with efficient
strategies."
Digital assets are eligible for inclusion in the NCIE if they
satisfy specific criteria in line with current qualified
requirements, including meeting a minimum standard of liquidity and
trading volume, as well as being supported by digital asset
exchanges and custodians approved by Nasdaq. The NCIE currently
includes the following assets:
- Avalanche
- Bitcoin
- Cardano
- Ethereum
- Litecoin
- Polkadot
- Polygon
- Solana
"NCIE is an adaptable, rules-based industry benchmark that can
accurately represent the investable cryptocurrency market and
continue to evolve with the digital assets landscape," said
Jake Rapaport, Head of Digital Asset
Index Research, Nasdaq. "We are pleased to work with Hashdex
offering European investors the ability to efficiently and securely
incorporate crypto into their investment strategies."
Providing Thematic Crypto Exposure Globally
Hashdex and Nasdaq have a deep and long-standing relationship as
partners in the crypto space, having previously co-developed the
Nasdaq Crypto Index™ (NCI™), which
benchmarks the institutionally investable crypto market. The NCIE
is an extension of the effective methodology established by the
NCI, and has been refined in line with European eligibility
requirements at SIX and XETRA. This product launch is an important
milestone in Hashdex's commitment to building a family of NCI
products that will provide investors with access to a full spectrum
of digital assets tailored to the regulatory requirements of their
respective regions.
Mr. Kssis added: "Having recently begun establishing our
presence in Europe, the launch of
SIX: HASH SW is a natural next step in Hashdex's commitment to
serving the region. We are excited to offer this innovative new
product to European investors, who will benefit from Hashdex's
expertise as a basket specialist and provider of thematic
exposure."
About Hashdex
Hashdex is a global pioneer in crypto
asset management. Hashdex's simple and secure financial products
invite innovative investors to join the emerging crypto economy.
Hashdex's mission is to provide educational resources and
best-in-class products that advance its efforts to build pathways
to prosperity by opening the crypto ecosystem to the world. The
firm co-developed the Nasdaq Crypto Index™
(NCI™) with Nasdaq to provide global investors with a
reliable benchmark for the crypto asset class. In 2021, Hashdex
introduced the world's first crypto ETFs, enabling over 260,000
investors to simply and securely add crypto to their portfolios.
For more information visit www.hashdex.com.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
Media Contacts:
Kendal
Till/Josh Gerth
Dukas Linden Public Relations
Hashdex@DLPR.com
Jack S. Song
Hashdex
jack.song@hashdex.com
Disclaimer:
This document qualifies as advertisement within the meaning of
article 68 of the Swiss Financial Services Act and/or article 95 of
the Swiss Financial Services Ordinance and is not a prospectus,
basic information sheet (BIB) or a key information document (KID).
Any prospectus (in connection with an offer to the public or
admission to trading) and/or any BIB or KID (for a product which
was meant to be offered to retail clients), in each case if
applicable and/or available, of financial instruments described in
herein, from the date of its publication (which may be before, on
or after the date of this document) and subject to applicable
securities laws, is available from Hashdex AG.
Nasdaq® is a registered trademark of Nasdaq, Inc. The
information contained above is provided for informational and
educational purposes only, and nothing contained herein should be
construed as investment advice, either on behalf of a particular
security, digital asset or an overall investment strategy. Neither
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Statements regarding Nasdaq-listed companies or Nasdaq proprietary
indexes are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
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before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
© 2022. Nasdaq, Inc. All Rights Reserved.
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SOURCE Hashdex