SIX launches an ETP based on Tezos in Switzerland

The biggest stock exchange from Switzerland, SIX has been making some changes in its listings and expanding their horizon as they list assets on the platform to update the list. In October, SIX collaborated with Binance to list the BNB token as an exchange-traded product (ETP) on its platform.

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The biggest stock exchange from Switzerland, SIX has been making some changes in its listings and expanding their horizon as they list assets on the platform to update the list. In October, SIX collaborated with Binance to list the BNB token as an exchange-traded product (ETP) on its platform. This partnership would help to increase the hold of Binance in the market even more.

Tezos-based ETP launch on SIX

The biggest Swiss stock exchange SIX recently listed a Tezos (XTZ) based exchange-traded product (ETP) on its platform. Amun AG did the listing, and Coinbase Custody will provide custody services. CEO of Amun AG, Hany Rashwan, believes that this would be the first product that gives the investors a chance to earn revenue by stacking.

The company has been part of the system and would allow baking of new XTZ coins on behalf of customers and pay dividends. Amun has an annual charge of 2.5% of the asset for the services of asset management provided by the platform. Both institutional and retail investors can use the products available to them.

Listed under the ticker AXTZ, Tezos-based ETP is the 9th crypto product that is listed on SIX. Other products listed by them are ETPs based on Bitcoin, Bitcoin Cash, Ethereum, and Binance Coin.

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Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

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