Blockchain-based digital asset exchange Lykke and “new generation” securitization specialist GENTWO, today announced they have made Lykke’s utility tokens investable and bankable through a conventional Swiss-compliant tracker certificate complete with Swiss ISIN.
True innovation through purpose-oriented partnerships
Gentwo’s subsidiary GENTWO Digital has securitized Lykke’s utility tokens — known collectively as LyCI Service Tokens (ticker: LyCI). This unique expertise regarding digital assets has thus been prepared for conventional investments in the traditional financial markets.
The new securitized product is an open-end index tracker, a participation certificate based on the original utility token LyCI. Tracker certificates represent the simplest and best-known type in the product category of structured products. They reflect the price performance of an underlying asset on an almost one-to-one basis. The new Lykke index open-end tracker comes complete with a Swiss ISIN code, thus making it easily accessible for qualified (and also large-scale) investors, but still harnessing the power of the blockchain-based innovation.
Always be invested in the top 25 digital blockchain assets
The underlying LyCI is a utility token allowing the purchase of the world’s top 25 crypto assets based on index-weighted market capitalization, all in a single transaction. LyCI Service Token (ticker: LyCI) is priced in real-time and rebalanced on a minute-by-minute basis. LyCI is the first token of its kind and makes it easy for users to pick winners, diversify risk and simplify the management of the complex and rapidly-evolving universe of cryptos.
The new issuance combines outstanding expertise within the blockchain segment and unique issuance setup that transforms digital assets into a format that has been used in finance for decades. It has the potential to accelerate the blockchain revolution for qualified investors around the world — from family wealth funds through to fully-fledged institutionalized investors.
Joint development of innovative products means shaping market landscape together
Purpose-oriented partnerships among specialized service providers like the one from Lykke and GENTWO Digital are becoming increasingly important. They are forward-looking and show genuine innovative strength (made in Switzerland). The new cooperation between Lykke and GENTWO also shows the old world of traditional finance and the new world of blockchains will increasingly be bridged to create new value and potential of growth to the traditional and newly evolving financial market and its participants.
“With a simple, conventional product and one single transaction, it has become possible to invest in the exceptional Lykke token and thus in 25 promising digital assets at the same time. The traditional financial market has nothing more efficient to offer. Investors will quickly experience the added value our combined expertise will create. We are the bridge builders and we will continue to build more such bridges.”
“This new product is very exciting for us as it represents the link between what came before and what is coming next. Until today, many traditional investors found it difficult to define a pathway into digital assets and to reconcile this new innovative asset class with their own portfolios. This new product — made possible by the partnership between Lykke and Gentwo — will provide this pathway, finally bridging the two worlds of traditional finance and the blockchain-based future.”