Deal Alert: Kellerhals Carrard Provides Advice to NxtAssets on Bitcoin and Ethereum ETPs Listing

nxtAssets GmbH is making waves in the investment world with the introduction of its inaugural physically-backed exchange-traded products (ETPs) focused on Bitcoin and Ethereum. These new offerings, namely nxtAssets Bitcoin direct (ISIN: DE000NXTA018) and nxtAssets Ethereum direct (ISIN: DE000NXTA026), are designed to provide Swiss investors with the opportunity to invest in the two dominant cryptocurrencies through their existing brokerage accounts. To ensure the security and trustworthiness of these products, nxtAssets’ ETPs are fully supported by physically stored Bitcoin and Ethereum assets, with custody being managed in Germany by Crypto Finance Deutschland GmbH. Investors can look forward to trading these products on reputable platforms such as Deutsche Börse’s Xetra and the SIX Swiss Exchange.

nxtAssets GmbH stands out as a dynamic player in the realm of collateralized crypto ETPs, thanks to its collaborative efforts with several prominent financial institutions, including Private Bank Bergos, Bank Vontobel, Interactive Brokers (via its subsidiary IBKR Financial Services AG), Deutsche Börse Group (through its subsidiary 360T AG), flatexDEGIRO, and Börsenmedien AG.

The listing of the ETPs on the SIX Swiss Exchange was a milestone achievement for nxtAssets, and the legal counsel provided by Luca Bianchi, Partner of Capital Markets at Kellerhals Carrard, played an instrumental role in making this happen. Joining forces with the Frankfurt office of Clifford Chance, where Partner Gregor Evenkamp and Senior Associate Werner Radziwill led the charge on German law matters, the team ensured a smooth and successful listing process for nxtAssets’ groundbreaking ETPs.

In conclusion, the launch of nxtAssets’ physically-backed ETPs presents a unique opportunity for investors to delve into the world of Bitcoin and Ethereum with the backing of established financial institutions and trusted legal expertise. With the ETPs set to trade on reputable exchanges, Swiss investors can benefit from a seamless and secure investment experience in the realm of cryptocurrencies.