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Swiss ETP Issuer Pando Asset AG to Launch Pando 6 (PNDS) in June 2022

NEW YORK, NY / ACCESSWIRE / May 30, 2022 / Swiss ETP issuer Pando Asset AG is planning to launch its TOP6 digital asset index product, Pando 6 (PNDS), in June 2022. The Pando Crypto Basket 6 Index contains the six largest crypto assets. The weight per asset is proportional to the square root of its market capitalization. The purpose of the ETP is to provide a diversified portfolio where the two largest assets are not overpowering the basket. This product is focusing on letting investors enjoy diversification while benefiting from the higher growth potential of relatively small market cap crypto assets. The index is rebalanced quarterly. As of today, the index contains ADA, BTC, ETH, BNB and SOL. The Pando6 crypto product (PNDS) is the only largely covered ETP on the market that did not take the dramatic hit from Luna's incident.

The Pando6 product has partnered with the largest custodian Coinbase and is 100% fully collateralized, providing investors with institutional grade security using a variety of safety measures including multiple signature authorization, whitelisting addresses, cold storage, and audit trails.

Pando Asset is domiciled in Switzerland and is built by a group of industry professionals from finance, blockchain technology, and crypto asset space, such as Huobi Group, 21 Shares AG, and Deutsche Boerse AG. The company has the mission to let investors be able to participate in crypto assets without worrying about the risk of missing a private key or password, or facing any loss from hackers or system security issues.

Pando Asset has obtained the ETP issuer qualification from the SIX exchange, the largest exchange in Switzerland, and is obtaining the EU passport to market through the rest of Europe and America, e.g. Deutsche Boerse, Euronext Amsterdam, Euronext Paris, Boerse Duesseldorf, Nasdaq, etc.

More information of the index can be found at https://methodology.vinter.co/pando/vinter-pando-crypto-indexes

Media Contact:

Contact Person: Jen You
Email: yoyo@pandoasset.com
Website: www.pandoasset.com

SOURCE: Pando Asset AG



View source version on accesswire.com:
https://www.accesswire.com/703212/Swiss-ETP-Issuer-Pando-Asset-AG-to-Launch-Pando-6-PNDS-in-June-2022

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