Fineqia FTSE Cardano Enhanced Yield ETN is the world’s first exchange-traded debt note (ETN) providing direct exposure to Cardano as an underlying asset

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Fineqia FTSE Cardano Enhanced Yield ETN is the world’s first exchange-traded debt note (ETN) providing direct exposure to Cardano as an underlying asset

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Digital asset business Fineqia AG has partnered with crypto custodian Copper to provide custody solutions for its exchange-traded note (ETN) business — a move the company says will bolster the reliability and transparency of its products. Under the new agreement, Copper will safeguard the underlying assets held in Fineqia’s ETNs, which include the Fineqia FTSE Cardano Enhanced Yield ETN, a product that provides direct exposure to Cardano (ADA). The product had more than $45 million in assets under management as of Jan. 29.

On January 24, Fineqia AG announced the issuance of the world’s first ETN to deploy underlying crypto assets in decentralized finance (DeFi). The Fineqia FTSE Cardano Enhanced Yield ETN (Ticker: YADA; ISIN: LI1408648106) is listed on the Vienna Stock Exchange.

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Crypto news