21Shares Launches USDY, the first in the world USD return ETP
The 21Shares USD Yield ETP offers investors a guaranteed dollar-denominated return at the rate of 5%.
Zürich– May 25, 2022 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange-traded products (ETPs), today announces the listing of the 21Shares USD Yield (USDY) ETP. The USDY offers a guaranteed return denominated in dollars at the rate of 5%. The USDY generates a return by accepting US dollars and lending them to counterparties against a minimum of 110% collateral in BTC and ETH priced daily at market price. Yield is generated by lending USD to well-known counterparties in the crypto space.
After more than a decade of historically low interest rates and high asset values combined with a highly inflationary environment, investors face extraordinary challenges in building liquidity portfolios. The 21Shares USDY ETP allows yield-seeking investors to participate directly in the profits of lending USD in the crypto space without taking any direct exposure to the price of the crypto. The returns generated are added directly to the Net Asset Value (NAV) of the ETP.
“We are in a negative real interest rate environment and we are really excited to offer a one-of-a-kind product that can deliver a meaningful risk-adjusted return. To do this, USDY taps into the crypto capital markets where rates are higher while providing liquidity,” said Ophelia Snyder, President and Co-Founder of 21Shares. “With USDY, we are introducing a financial product entirely dedicated to providing return – and minimizing risk while reaffirming the vision of 21Shares, to build bridges in the world of crypto.”
The 21Shares USDY ETP will be listed on the SIX Swiss Exchange from May 25, 2022 and is available to USD investors.
The launch of this product follows recent deployments by 21Shares of the first Bitcoin and Ethereum ETFs in Australia, the world’s first Bitcoin and Gold ETP on the SIX Swiss Exchange and their entry into the American markets with two crypto indformer funds. To learn more about the 21Shares USDY ETP or 21Shares, please visit www.21shares.com.
# # #
|Safety designation||21-Stock USD Yield ETP|
|Exchange list||SIX Swiss Stock Exchange|
|market maker||Flow traders|
Arielle Sobel, Head of Global Communications
21Shares takes innovation to the next level with the world’s largest suite of cryptocurrency exchange-traded products (ETPs). In 2018, she launched the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and she continues to propel her cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy. 21Shares aims to provide all investors with an easy, secure and regulated way to buy, sell and short cryptocurrency through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Switzerland with offices in Zurich and New York. For more information, please visit www.21shares.com.
This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment in any jurisdiction. This document constitutes an advertisement within the meaning of the Swiss law on financial services and not a prospectus. This document and the information it contains are not intended for distribution in or to (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which distribution or publication would illegal. This document does not constitute an offer to sell securities or a solicitation of an offer to buy in the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States States without registration. or an applicable exemption from the registration requirements of the Securities Act or in connection with a transaction not subject to them. There will be no public offering of securities in the United States. This document is only being distributed and is directed only to: (i) investment professionals falling within section 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom they may lawfully be disclosed, falling within section 49(2)(a) to (d) of the Order (all such persons being together referred to as “persons concerned” ); or (iii) persons falling within section 43(2) of the Order, including existing members and creditors of the Company or (iv) any other person to whom this document may lawfully be distributed in circumstances where the Article 21(1) of the FSMA does not apply. The Securities are accessible only to relevant persons and any invitation, offer or agreement to subscribe, purchase or acquire such securities will only be entered into with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In any EEA Member State (other than France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, the Netherlands, Norway, Poland, Romania, Slovakia, Spain, Lichtenstein) which implemented the Prospectus Regulation (EU) 2017/1129, as well as all the applicable in any Member State, the “Prospectus Regulation”, this communication is addressed and addressed only to qualified investors of this Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Liechtenstein the Prospectus Baseline 2021 (EU) is made available on the Issuer’s website under www.21Shares.com. The approval of the 2021 Base Prospectus (EU) should not be understood as an approval by the SFSA of the securities offered or admitted to trading on a regulated market. Prospective eligible investors should read the 2021 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with deciding to invest in the securities.
# # #