GenTwo and issuance.swiss Join Forces to Develop Cutting-Edge ETPs and AMCs
Swiss fintech company GenTwo, specializing in Actively Managed Certificates (AMCs), and issuance.swiss, an exchange-traded products (ETPs) provider powered by Apex Group, have announced a strategic partnership on June 13.
This collaboration aims to combine the unique strengths of both companies to create innovative ETPs and AMCs, expanding the range of digital asset investment opportunities available to their clients.
Under this partnership, issuance.swiss will exclusively refer all AMC business to GenTwo, while GenTwo will direct its ETP business to issuance.swiss. This strategic move is expected to streamline the product-issuance process and boost operational efficiency for both parties.
Through this partnership, issuance.swiss clients will benefit from GenTwo’s expertise and cutting-edge technology, utilizing the GenTwo Pro platform to issue their AMCs seamlessly. On the other hand, GenTwo clients will gain access to issuance.swiss’s specialized teams and platform to quickly launch cryptocurrency ETPs into the market.
Notably, issuance.swiss’s infrastructure and European listing capabilities are backed by Apex Group, a global service provider and fund administrator managing assets worth USD 3.1 trillion.
Switzerland’s Thriving Crypto Market
In other news, a group of Bitcoin investors in Switzerland is pushing for the inclusion of Bitcoin in the reserves of the Swiss National Bank (SNB). They are planning to launch a petition for a referendum to amend the country’s constitution, requiring over 100,000 Swiss citizen signatures within 18 months. The group is currently finalizing the necessary documents for submission to the State Chancellery.
Meanwhile, the SNB is exploring the tokenization of financial assets. During a recent event in Basel, SNB Chairman Thomas Jordan discussed the bank’s investigation into alternatives to its wholesale central bank digital currency (CBDC). As part of Project Helvetia III, launched in December 2023, participating banks are using Swiss franc wholesale CBDC to settle transactions with tokenized bonds on the SIX Digital Exchange (SDX).
Switzerland has emerged as a key player in the crypto industry, with a growing number of crypto “unicorns” valued at $1 billion or more. The Swiss-Liechtenstein cryptocurrency ecosystem now represents 4.8% of all global blockchain investments, marking a 0.7% increase from the previous year.
Known as the “Crypto Valley,” Zug, along with the cantons of Geneva and Zurich, has attracted a significant portion of these investments, hosting numerous crypto start-up financing rounds. Other Swiss regions like Ticino, Vaud, Bern, Schwyz, Lucerne, and Neuchâtel, as well as Liechtenstein, are also witnessing a rise in the number of active crypto firms.
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