CoinShares lists staked Solana and staked Cardano ETPs on SIX Swiss Exchange
Niederer Kraft Frey advised CoinShares, Europe’s largest digital asset investment firm with over USD 1.6 billion in AUM, in connection with the listing of CoinShares’ physically-backed Solana and Cardano exchange traded products (ETPs) on SIX Swiss Exchange. The cross-listing of CoinShares physical staked Solana and Cardano demonstrates CoinShares commitment to providing European investors with access to digital asset markets through regulated means.
CoinShares’ staked ETPs are designed to provide simple exposure to proof-of-stake protocols and the rewards for participating in their security. They are built to allow the issuer to share staking rewards with investors by reducing the management fee and by increasing the coin entitlement of the ETP each day, as staking awards accrue.
The NKF team was led by Capital Markets/Finance partner Philip Spoerlé, working with partner Andrea Giger and junior associate Carlotta Ulmer (both Capital Markets).