Swiss Stock Exchange Lists Cardano Staking ETF for Investors' Benefits
Swiss Stock Exchange Lists Cardano Staking ETF
The ETF is designed to track the market performance of the ADA token and the returns generated from staking the token. Staking involves participants actively engaging in transaction validation on a Proof-of-Stake blockchain, a process that earns them rewards on their holdings.
Florian Volery on Benefits
Florian Volery, co-founder of Liqwid Finance, highlighted that CASL bridges traditional finance with DeFi, offering stability and growth potential. The ETF provides investors with secure physical backing by ADA tokens in cold storage, enhancing security.
- CASL integrates Cardano, known for its reliability, offering a new avenue for investors.
- Introduction of an innovative financial instrument reflecting growing crypto integration into mainstream finance.
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