GenTwo and issuance.swiss Join Forces to Develop Cutting-Edge ETPs and AMCs
GenTwo, a leading Swiss fintech specializing in Actively Managed Certificates (AMCs), and issuance.swiss, a provider of exchange-traded products (ETPs) powered by Apex Group, have announced a strategic partnership on June 13.
This collaboration aims to capitalize on the strengths of both companies to create innovative ETPs and AMCs, expanding the range of digital asset investment opportunities available to their clients.
The partnership will involve issuance.swiss referring all AMC business to GenTwo, while GenTwo will direct its ETP business to issuance.swiss. This strategic alignment will enable issuance.swiss clients to benefit from GenTwo’s expertise and cutting-edge technology through its market-leading GenTwo Pro platform for issuing AMCs, streamlining the product issuance process and enhancing operational efficiency. In return, GenTwo clients will have access to issuance.swiss’s specialized teams and platform to swiftly launch cryptocurrency ETPs in the market.
Notably, issuance.swiss’s infrastructure and European listing capabilities are backed by Apex Group, a global service provider and fund administrator managing USD 3.1 trillion in assets.
Switzerland’s Thriving Crypto Market
In Switzerland, a group of Bitcoin investors has launched a campaign to persuade the Swiss National Bank (SNB) to include Bitcoin in its reserves. They are planning 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 opportunities to tokenize financial assets. SNB Chairman Thomas Jordan discussed the bank’s research into alternatives to its wholesale central bank digital currency (CBDC) at a Basel event. 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 leading hub for crypto “unicorns,” with 13 token-related firms now valued at $1 billion or more, up from nine in 2022. The Swiss-Liechtenstein cryptocurrency ecosystem now represents 4.8% of all global blockchain investments, a 0.7% increase from the previous year.
The “Crypto Valley” in Zug, along with the cantons of Geneva and Zurich, has attracted a significant portion of these investments, hosting numerous crypto start-up financing rounds. Zug houses 512 crypto firms, followed by Zurich and Geneva with 289 and 115 companies, respectively. Other Swiss regions like Ticino, Vaud, Bern, Schwyz, Lucerne, and Neuchâtel have also seen an influx of crypto companies. Additionally, Liechtenstein is gaining momentum with 66 active crypto firms.
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