London, UK. December 13, 2021 - ETC Group ( www.etc-group.com ), Europe’s leading specialist provider of institutional-grade, digital asset-backed securities confirms that its latest crypto ETP, XTZetc – ETC Group Physical Tezos under the primary ticker EXTZ has launched on Europe’s largest ETF trading venue.
The ETC (exchange traded commodity/cryptocurrency) is available to investors across 16 EU countries, providing regulated access to Tezos' network token Tez, or XTZ. Tezos is an energy-efficient and self-upgradable Proof of Stake blockchain with an average energy footprint of 17 global citizens, the smart contract protocol is focused on security and scale for large value transactions for use cases from institutional finance to the world of arts and culture.
EXTZ enables any investor to efficiently participate in the growth of the digital asset while using a secure, institutional-grade product traded on major stock exchanges, just like stocks or ETFs. “We have effectively given Tezos a German ISIN number.” says Maximilian Monteleone, Chief Product Officer at ETC Group.
From a technical point of view, EXTZ is structured very similarly to the popular physical gold ETC securities. However, instead of a certain underlying amount of gold, each unit is backed by a predefined amount of Tez.
“This institutional-grade product is a sign of confidence from the financial industry in Tezos. Scalable and energy efficient, the Tezos blockchain is genuinely aligned with the challenges of technological growth and sustainable finance.” says Thibaut Chessé, Adoption Manager - France, Nomadic Labs.
The launch of ETC Group’s EXTZ builds on a significant year of growth for the open-source Tezos ecosystem. Tezos, a pioneering Proof of Stake blockchain, has proven to be fast, secure, and energy-efficient and is the only blockchain network to successfully upgrade itself to increase efficiencies, adopt new features, and lower energy consumption. Deployments on Tezos are up 15,000% in 2021 and the network has eclipsed 50 million transactions. Most recently, Tezos was chosen by gaming giant Ubisoft to power in-game digital items and, as the leading protocol for NFTs, Tezos was the exclusive NFT Sponsor of Art Basel Miami Beach 2021, where tens of thousands of art aficionados from around the world opened their first crypto wallet and minted their first NFT at the interactive Tezos exhibition. Tezos is the blockchain of choice for open, energy-efficient web3 experiences.
ETC Group has pioneered the digital asset management industry by providing institutional quality, 100% collateralised digital asset backed securities. EXTZ joins its suite of institutional-grade crypto exchange traded products including Bitcoin, Ethereum and other popular digital assets ETCs that trade on Deutsche Börse XETRA.
Bradley Duke, founder and co-CEO of ETC Group comments “We’re responding to demand from institutional investors who’re looking to invest in Bitcoin and Ethereum challengers by adding the Tezos based ETC to our portfolio. Tezos has developed a solid reputation as a blockchain based platform used for the execution of smart contracts, cross-border payments, and decentralized apps. It’s on-chain governance model perhaps makes it one of the most democratic platforms in the crypto sector, and is increasingly popular amongst investors.”
Cryptocurrencies are highly volatile, and your capital is at risk. Disclaimer: https://bit.ly/etcdisc
- ENDS -
About ETC Group
ETC Group develops innovative digital asset-backed securities including BTCetc - ETC Group Physical Bitcoin (BTCE) and ETHetc - ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse. ETC Group launched the world’s first centrally cleared Bitcoin exchange traded product (ETP) in June 2020 on Deutsche Börse XETRA, Europe's largest ETF trading venue. ETC Group is continuously working on expanding its suite of institutional-grade cryptocurrency backed ETPs, providing investors the opportunity to gain exposure to Bitcoin, Bitcoin Cash, Ethereum and Litecoin based digital assets on major European stock exchanges. ETC Group’s securities are marketed by HANetf.
Media pack: https://bit.ly/ETCGroupMedia
About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com.
Login 
2021-12-14 03:02:56
