Deutsche Börse Launches Cardano Staking ETP

Liqwid Finance announced the launch of its game-breaking Cardano (ADA) exchange-traded product (ETP) at the Deutsche Börse XETRA on May 22.
Investors can also trade the Cardano ADA Staking by Liqwid (CASL) ETP at the SIX Swiss Exchange.

Key Features of the Cardano ETP by Liqwid Finance

Liqwid Finance is a liquidity protocol built for lending and borrowing Cardano native assets. Previously, the platform launched the CASL ETP at the SIX Swiss Exchange. Recently, it announced the listing of the same financial instrument at the regulated segment of Deutsche Börse XETRA starting on May 22.

CASL ETP works like the exchange-traded funds (ETFs) we are accustomed to. It tracks the price of Cardano’s native token, ADA. However, in addition to that, it provides staking rewards for investors. This dual reward system highlighted by its litepaper definitely makes CASL stand out as an ETP.

CASL ETP is 100% physically backed by Cardano assets kept within a cold wallet. Copper Technologies (Switzerland) AG serves as the custodian of the product’s underlying asset. Liqwid named Flow Trades BV as an authorized participant for its ETP.

CASL ETP’s staking feature generates a 0.75% reward. Meanwhile, it charges a 1.5% management fee for the financial instrument. Switzerland-based issuance.swiss AG serves as the issuer of the ETP.

The new Cardano ETP offered by Liqwid removes the painstaking process that cryptocurrency investors often undergo, such as looking for a compatible wallet and setting it up for use. CASL ETP also gives them peace of mind with its regulated nature. Moreover, it leverages the reliability of the Cardano network, which hasn’t experienced any form of outage in the past five years.

Statement of Liqwid’s Co-Founder

Florian Volery, the co-founder of Liqwid Labs, said that CASL ETP combines the best of both worlds in traditional finance (TradFi) and digital ledger technology (DLT). The decentralized finance (DeFi) entrepreneur hyped the product as a “transformative leap” in forging a new standard for digital asset management.

In comparison to traditional assets, Volery noted that CASL ETP is more accessible, cost-effective, secure, and effortless. Meanwhile, the redistribution of its staking rewards also elevates it from standard crypto ETPs.

The Liqwid Labs co-founder further emphasized that CASL ETP has no lock-in period. Therefore, it offers instantaneous liquidity at any given time during its trading periods.

About Liqwid Finance

Liqwid is a decentralized and open-source protocol specially made for lending and borrowing Cardano’s native token, ADA. As of May 23, the platform’s total value locked (TVL) was $38,994,125.59. Its features include support for non-fungible token (NFT) staking via LiqwidDAO.

Giancarlo Perlas

Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines. In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013. Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO's core management team, contributing to strategic planning and business development endeavors.