Summary
- CoinShares announced that it has listed a new Sei (SEI)-based exchange-traded product (ETP) under the ticker 'CSEI' on the SIX Swiss Exchange.
- The product automatically distributes a 2% annual staking yield with no management fees, and is said to be 100% collateralized with physical SEI tokens.
- CoinShares stated that, having obtained a MiCA license in Europe, simultaneous sales across multiple countries are possible.
The virtual asset (cryptocurrency) management firm CoinShares has launched a new exchange-traded product (ETP) based on the Sei (SEI) token. This product automatically distributes an annual staking yield of 2% with no management fees.
According to the virtual asset media outlet CoinDesk on the 29th, CoinShares listed the product on the SIX Swiss Exchange under the ticker 'CSEI'. This is the first regulated investment product that enables investment in the SEI blockchain, designed so that institutional investors can access SEI without the need for complex custody or management procedures.
The product is 100% backed by physical SEI tokens. Holders are also provided with a 2% annual staking yield. CoinShares has obtained an official license under the European crypto asset framework 'MiCA'. Therefore, the product can be sold simultaneously in multiple countries through the European passporting system.
CoinShares currently manages over $8 billion in assets under management (AUM) and is one of Europe's leading crypto asset management firms.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
