Fineqia AG, a Europe-focused
provider of exchange-traded notes (ETN) collateralized by cryptocurrencies, has announced its partnership
with London Stock Exchange Group (LSEG)-owned
FTSE Russell, which is a global index provider. The Liechtenstein-based subsidiary of
Fineqia International disclosed the deal in a statement shared with Finance
Magnates.
Fineqia Seeks to Boost ETP Liquidity
Fineqia International is a
Canada-listed operator of a debt and equity security issuance and management
platform. The company also builds and provides investments to early and
growth-stage technology firms.
In the statement, Fineqia noted
that the deal, which was signed last Friday, will enable its subsidiary to gain access to
FTSE Russell’s comprehensive indexing and analytics capabilities in order to
improve “the transparency, liquidity and accessibility” of itsexchange traded
products (ETPs).
“This collaboration will
allow us to provide top-quality opportunities that meet the highest standards
of transparency and security,” said Michael Coletta, Fineqia’s Chief Strategy
Officer.
Also commenting, Kristen Mierzwa, the Head of Digital Assets at FTSE Russell, expressed the LSEG’s subsidiary firm’s excitement at supporting Fineqia’s move to offer improved transparency
and accessibility to the crypto market.
A Global Index Leader
As a top global stock markets
indices provider, FTSE Russell currently boasts of approximately $16 trillion
benchmarked to its indices by asset owners and managers, exchange-traded fund
(ETF) providers and investment banks.
According to FTSE Russel, its
indices measure and benchmark markets and asset classes in over 70
countries, accounting for 98% of the global investable market.
“Fineqia’s use of FTSE Russell
indices is expected to significantly enhance the transparency and liquidity of
its digital asset investment products, enhancing the company’s position as a
leader in institutional quality investment solutions,” Fineqia said.
Meanwhile, earlier this year,
derivatives marketplace operator CME Group tapped CF Benchmarks, a cryptocurrency benchmark indices provider, to
launch three new Metaverse indices. Both firms fixed January 30 as the launch
date.
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This article was written by Solomon Oladipupo at www.financemagnates.com.
