nxtAssets GmbH has listed on SIX Swiss Exchange its first physically backed Exchange Traded Products (ETPs): nxtAssets Bitcoin direct (ISIN: DE000NXTA018) and nxtAssets Ethereum direct (ISIN: DE000NXTA026). The products are also traded on Deutsche Börse via Xetra.
The ETPs are fully backed by physical holdings of Bitcoin and Ethereum, with custody provided by Crypto Finance Deutschland GmbH. The launch enables Swiss investors to access the leading cryptocurrencies directly via their existing securities accounts.
nxtAssets is a newly established issuer of collateralized crypto ETPs and a joint venture of several financial institutions, including Bergos, Bank Vontobel, Interactive Brokers (via IBKR Financial Services AG), Deutsche Börse Group (via 360T AG), flatexDEGIRO and Börsenmedien AG.