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Swedish firm Virtune receives approval of its EU Base Prospectus for the issuance of crypto ETPs


Swedish digital asset manager, Virtune, a regulated Swedish digital asset manager, has announced that it has received approval from the Swedish Financial Supervisory Authority (FSA) on its EU Base Prospectus on 5th April. 

The firm writes that this achievement ‘gives Virtune the ability to admit to listing ETPs on regulated markets of stock exchanges throughout the European financial landscape’.

Virtune is Swedish fintech company headquartered in Stockholm and strategically located on Kungsgatan, in the heart of the city’s financial district. Virtune writes that since its inception, Virtune has been committed to enabling secure and seamless access to crypto investments available to everyone by lowering the barriers to entry.

The crypto market is still considered one of the fastest-growing asset class industries in the last decade, the firm writes, noting that it has also been prone to a number of incidents affecting investors. “As a result, Virtune has made a conscious effort to establish itself as a fully transparent and Swedish regulated entity in an industry where many players are still unregulated.

“Virtune is embracing the rapid expansion of the crypto space, as the industry continues to evolve. Virtune firmly believes that the most attractive and sought-after investment products within the crypto space is using diversified products that provide exposure to multiple cryptocurrencies, decentralized finance tools like “staking”, and rules-based investment strategies.”

Virtune’s management team brings together a team which comprises CEO and Co-founder Christopher Kock, CTO and Co-founder Peter Arvidsson, Client Director and Partner Henry M. Forelius, and CFO Daniel Lundberg. The firm writes that the team will drive Virtune’s mission of enabling secure and seamless access to the global crypto market.

“With the approval of the Base Prospectus, Virtune is able to build and deliver innovative and intelligent investment products such as single asset crypto ETPs, Basket crypto ETPs and particularly crypto Index ETPs. Decentralised finance tools such as staking will also become a reality for the Nordic investor community who have been demanding such products. Virtune’s ETPs are 100 per cent physically backed at all times and can be presented structurally as similarly to an ETF.”

Virtune is ready to launch its first ETP on the regulated market of Nasdaq Stockholm during the second quarter, designed to allow investors to gain access and exposure to cryptocurrencies, using a proven and well established financial instrument, through their banks, brokers and savings platforms in a safe and secure manner.

Christopher Kock, CEO of Virtune, says: “This approval marks the beginning of the next chapter in Virtune’s journey. We are thrilled to have become the first regulated crypto issuer in Sweden to be able to offer innovative and sought-after investment products to investors throughout the Nordic region and beyond. Our mission is clear: to pioneer and deliver innovative and accessible digital asset indices to help investors navigate the exciting, yet nascent but rapidly evolving world of crypto using our research and dedicated team. We are delighted to have finished the Swedish FSA application process in accordance with our timeplan. We recognise that the regulatory framework in Sweden has been supportive of such approved regulated investment companies, like Virtune, and we welcome its deliberation, a first in Sweden.”

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