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Enigma Securities retained as Authorized Participant for Iconic Funds crypto-ETP

Nachrichtenagentur: news aktuell
22.04.2021, 19:30  |  213   |   |   

New York (ots/PRNewswire) - Enigma Securities Ltd. ("Enigma"), a full-service
crypto platform for institutional investors, executed an agreement with Iconic
Funds BTC ETN GmbH ("Iconic Funds") as an authorized participant for a newly
created Bitcoin Exchange Traded Product ("ETP"). The Bitcoin ETP is planned to
be listed for trading the week of April 26, 2021. Each fully
Bitcoin-collateralized Note of the ETP represents a claim on a specified amount
of Bitcoin, less applicable fees, and will trade under the ticker symbol XBTI
with an ISIN of DE000A3GK2N1.

Enigma will facilitate note share creation and redemption process for the newly
created ETP, leveraging its existing operational and regulatory infrastructure
in both traditional securities and cryptocurrency. "We are excited to work with
Iconic to bring their exchange traded product to our service platform as we
continue to expand our digital asset offerings and access products to meet the
needs of institutional demand," said Wilfred Daye, CEO of Enigma. "Iconic and
Enigma are like-mined pioneers in creating valuable access products, allowing
compliant and cost-effective access to cryptocurrency exposure," said Mr. Daye.

Patrick Lowry, CEO of Iconic Funds and publicly-traded Cryptology Asset Group,
said "Iconic's aim is to provide a seamless and trusted manner for institutions
and investors to gain exposure to crypto assets, which is why we have structured
the physically-backed Bitcoin ETP. Authorized Participants are a key component
of such a structure and we are ecstatic to partner with Enigma to facilitate the
creation and redemption process of Iconic Funds' ETP."

Iconic Funds is perpetually at the forefront of crypto asset adoption, investing
in the crypto space since 2017 and having issued one of the EU's first fully
licensed crypto asset index funds in early 2020. By issuing a physically backed
Bitcoin ETP - and one of the most cost effective of its kind - Iconic further
cements itself as one of the most innovative asset management groups in the
world.

The prospectus is available at
https://funds.iconicholding.com/xbti-iconic-funds-physical-bitcoin-etp/ .

About Enigma Securities Ltd. ( http://www.enigma-securities.io/ )

Enigma Securities Ltd. is a leading, regulated technology-driven financial
institution, dedicated to corporate client solutions for crypto assets.
Headquartered in London, the firm works with institutional and corporate clients
to provide a full suite of crypto services and bespoke liquidity solutions
through EnigmaXTM, a proprietary electronic platform with REST, Websocket and
FIX API supports.

In response to growing institutional demand for trusted digital asset trading,
Co-Founders Michael Halimi and Avi Bouhadana first established Enigma in 2017 as
the crypto arm of international brokerage firm Makor Group. Wilfred Daye is the
CEO of Enigma. Enigma is one of the first regulated brokerage firms to set up
banking relations and custody solutions to meet institutional standards.

Since its launch, the firm has expanded its capabilities targeting full-stack
institutional offerings and operating under a client-focused agency business
model. Enigma bridges the gap between traditional financial services and
cryptocurrency markets through fintech innovations. For more information about
Enigma, visit: https://www.enigma-securities.io/

About Iconic Funds BTC ETN GmbH:

Iconic Funds BTC ETN GmbH is a wholly owned subsidiary of Iconic Funds GmbH and
the issuer of a physically backed Bitcoin Exchange Traded Product ("ETP") (ISIN:
DE000A3GK2N1; Ticker: XBTI). Iconic Funds GmbH is the holding company of a
series of subsidiaries that manage and issue crypto asset investment products.
Collectively, Iconic Funds GmbH and its subsidiaries are branded as "Iconic
Funds." Iconic Funds is a joint venture between Iconic Holding GmbH and
Cryptology Asset Group p.l.c. (ISIN: MT0001770107; Ticker: CAP, formerly 4UD).
Iconic Holding is a portfolio company of FinLab AG (WKN 121806 / ISIN
DE0001218063 / Ticker: A7A), High-Tech Gründerfonds ("HTGF"), Cryptology Asset
Group p.l.c. and Titania Investment Group OÜ.

Contact Details
Joseph Edwards
+44 207 290 5797
info@enigma-securities.io

Additional content: http://presseportal.de/pm/145842/4896687
OTS: Enigma Securities
ICONIC FUNDS BTC ETN GMBH jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



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Disclaimer

Enigma Securities retained as Authorized Participant for Iconic Funds crypto-ETP Enigma Securities Ltd. ("Enigma"), a full-service crypto platform for institutional investors, executed an agreement with Iconic Funds BTC ETN GmbH ("Iconic Funds") as an authorized participant for a newly created Bitcoin Exchange Traded Product …

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