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Swiss SIX Exchange Lists an ETP, Tied to Tezos With Staking Rewards

By Lorenzo - 2019-11-16

The Switzerland based exchange, Swiss, has recently announced the listing of the first Exchange Traded Product (ETP) Tezos. The new ETP will use the ticker symbol AXTZ and will be based on the Tezos token. This new product will allow investors to earn passive income through staking, although, investors themselves won’t have to stake the tokens.
The exchange will allow investors to buy the stock for a low value and the exchange will return the stake to them as a dividend without them having to actually stake it.
Swiss SIX picked Tezos because of its stability and they are not the only ones, recently Alliance investments used Tezos to tokenize real estate contracts amounting to almost $650 million.
“Tezos is quietly becoming a viable option for the issuance of tokenized securities. There’s a growing confidence among security token issuers that Tezos can provide the tools and security necessary to facilitate similar efforts,” Said Wilson Withiam, data provider Messari research analyst.
SIX also recently announced that Goldman Sachs Asset Management is joining them as a new ETF issuer.
With its product offering on the Swiss Stock Exchange, Goldman Sachs Asset Management provides investors a factor-based investment approach to emerging market equities
Tezos (XTZ) price hasn’t reacted to the news just yet and it’s still trading at $1.18 but could see a nice bounce from here up to $1.3.