Fineqia International introduces first-ever ETN using digital assets in decentralized finance

Fineqia International Inc has introduced the world’s first exchange-traded note (ETN) that utilizes digital assets in decentralized finance (DeFi). This innovation marks a significant step in the world of blockchain technology and financial services.

DeFi refers to a range of financial activities like borrowing, lending, and trading that occur on blockchain platforms such as Cardano. These transactions are executed using smart contracts and do not require traditional financial intermediaries, offering a revolutionary approach to finance.

Fineqia’s European subsidiary, Fineqia AG, is the launchpad for the Fineqia FTSE Cardano Enhanced Yield ETN (AV: YADA), giving investors a novel opportunity to access digital assets and DeFi returns. This unique product enables investors to benefit from the price appreciation of Cardano’s ADA token while earning yield through DeFi protocols, independent of market fluctuations.

Unlike conventional exchange-traded funds (ETFs), this ETN is backed by Cardano and utilizes its ADA token on DeFi platforms to generate yield. This model combines the liquidity and security associated with stock exchange-listed financial instruments with the advantages of exposure to DeFi.

This groundbreaking launch follows Fineqia’s collaboration with FTSE Russell, a division of the London Stock Exchange Group (LSEG), which acts as the index provider for the ETN. The introduction of the YADA ETN on the Vienna Stock Exchange signals a significant achievement for Fineqia in its quest for digital asset innovation.

Fineqia CEO Bundeep Singh Rangar expressed his enthusiasm: “The trading today of our first ETN is an exciting moment for our company. Our YADA product is unique, innovative yet compliant.” This sentiment reflects the company’s commitment to creating cutting-edge financial products that adhere to regulatory standards while pushing the boundaries of innovation in the digital asset space.