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Coinshares: Europe’s Biggest Digital Asset Manager To List Tezos Within 6 Months

Daniel Masters executive chairman and Tezos Foundation non-executive council member has stated that Tezos will be listed on Coinshares within the next 6 months. Coinshares are second in investor capital only to Grayscale and are Europe’s biggest Digital Asset Manager.

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Coinshares

Daniel Masters, formerly of JP Morgan and now the Executive Chairman of Coinshares and a non-executive council member of the Tezos Foundation has announced on Tezos Commons Teztalks that Tezos will be listed on Coinshares within 6 months.

Coinshares is Europe’s largest digital asset manager, operating in the USA, UK, Sweden, Channel Islands, Switzerland and Asia.

Coinshares have several aspects to their business including Exchange Traded Note programs that offer investors that don’t have access to crypto markets, or are more traditional investors, a way to get exposure to cryptocurrency, through things like pension structures.

Coinshares operate two entities, XBT Digital Provider and Coinshares Digital Securities. Coinshares have over $4 billion invested in those two vehicles making Coinshares second only to Grayscale in investor capital and holding half a % of all the cryptocurrency in the world.

Coinshares are also market makers, doing around $10 billion in market making in 2020 and they expect this to mirror in 2021.

They are also venture capitalists and own stakes in around 20 companies. They are owners of a Gold stablecoin called DGLD (Digital Gold) and a wrapped version on Ethereum called (WDGLD).

Coinshares And Tezos

When asked on the TezTalks Podcast episode here whether Coinshares would launch an ETP product for Tezos Daniel Masters stated:

“The answer is yes. I think we’ve already published that prospectus. The Coinshares ETP program is mostly out of Sweden and we’ve had a lot of regulatory pushback there. Our business has become a victim of it’s own success. When we had $15 million in the Bitcoin ETP in 2015 nobody cared. Now you have $4 billion, you become a very big dog in that dog park.

We’ve had to raise our game a lot in Sweden, where most of that stuff is issued, but we’ve had a lot of success in Switzerland. I believe the Coinshares Digital Securities prospectus, which is public already, has Tezos as an ETP.

There is a macro document that governs all the cryptos that we want to issue. Then each of those cryptos has set final times, like a timesheet, short one, that then goes. Whatever is on our prospectus and I believe Tezos is on it, we will roll them all out over the next 6 months”.

XTZ News did a little bit of digging and found the prospectus here.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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