Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced that its FTSE Cardano Enhanced Yield Exchange-Traded Note (ETN) issued by its subsidiary Fineqia AG is benchmarked to FTSE Russell’s index.
The company said in a statement that the ETN offers institutional investors exposure to Cardano and decentralized finance (DeFi), leveraging FTSE Russell’s expertise in index management to ensure compliance with industry best practices and suitability for institutional use.
Owned by the London Stock Exchange Group (LSEG), the FTSE Russell is a leading global provider of indices, benchmarks, analytics, and data, offering expertise across various asset classes, investment styles, and strategies.
Fineqia International chairman Martin Graham said the launch sets the standard for the institutional quality products the company plans to introduce.
"FTSE Russell is a market leader, well-recognized globally among asset owners, asset managers, ETF and ETN providers, and investment banks,” Graham said.
Kristen Mierzwa, head of digital assets at FTSE Russell, added: “FTSE Russell is delighted to have been selected as Fineqia AG’s index partner in the launch of their first ETN listed in Europe and tracking an index from the FTSE Digital Asset Index Series.”
Mierzwa highlighted that the FTSE Russell offers digital asset index solutions covering the full spectrum of the investable market, from large-cap to micro-cap assets, including flagship indices focused on market capitalization, sectors, or individual assets.
“The modular FTSE Digital Asset Series is structured with investor flexibility and customization capabilities in mind,” Mierzwa said.
“All indexes utilize reference price data that is robustly vetted across exchanges, establishing high standards for sound custody and covering a wide range of fundamental and technical criteria.”