Pando Asset has announced the listing of its first crypto ETP tracking the Vinter Pando Crypto Basket 6 Index built by Swedish index provider Vinter.
The Pando6 ETP contains the six largest crypto assets by market capitalisation. The index is rebalanced quarterly and weighted to allow investors to diversify their portfolios, emphasising smaller, high-growth potential assets and preventing larger crypto assets from overpowering the basket. The Pando6 ETP is designed to provide investors with a fully collateralised product reinforced by safety measures, including multiple signature authorisation, whitelisting addresses, cold storage, and an audit trail.
Commenting on the launch of Pando6, Junfei Ren, Partner at Pando Asset, says: “Pando Asset’s mission is to allow investors to safely, easily, and efficiently participate in crypto assets without worrying about the storage of private key risks and systematic security issues. This builds trust and is the perfect gateway for both new investors and traditional institutional investors to become key players in this new age of crypto.”
Jacob Lindberg, CEO of Vinter, adds, “We are delighted that Pando Asset has recognised our excellent track record and indexing expertise, choosing Vinter to launch their first ETP. We hope that products such as the Pando6 ETP will continue to bridge the gap between crypto as an asset class and those institutions that seek to invest in it.”