The Deutsche Börse welcomes Cardano Staking ETP by Liqwid (CASL) a disruptive crypto product

Frankfurt, 21 May 2024 - Liqwid Finance (“Liqwid”), an open source, algorithmic and non-custodial interest rate protocol built for lenders, borrowers and developers, is collaborating with issuance.swiss AG (the issuer of ETP) to introduce CASL, a groundbreaking financial listed vehicle in the digital asset realm. CASL not only tracks the performance of its underlying Cardano token ADA, recognised for its extensive academic peer-reviewed research, but also generates staking rewards. Admitted to the exchange as an Exchange Traded Product (ETP), the product is already available to investors on the Swiss SIX exchange and as of 22 May on the regulated segment of Deutsche Börse XETRA (WKN A4AFBK, German ticker CSLE, ISIN code CH1327686056).

More rewards, less management fee, higher profitability

According to the co-founder of Liqwid Finance, Florian Volery, "CASL combines the advantages of a traditional product with the staking rewards inherent in blockchain technology. It's accessible, cost-effective, effortless and secure. With CASL, we aim to take a transformative leap, one that will establish a new standard for digital asset management." Until now, most financial instruments in the crypto sphere have granted access to underlying asset developments (Bitcoin, Ethereum, ADA, etc.), but CASL offers more by redistributing staking rewards to investors. 
This dual return on investment, coupled with lower management fees (1.5%) provides investors with unparalleled benefits. Finally, the fund is fully backed by physical stocks of ADA tokens securely held in an offline ("cold") wallet. CASL ETP provides instantaneous liquidity without any lock-in period, leveraging the flexibility of Cardano's blockchain.

Cardano, one of the safest networks worldwide

Liqwid, the company behind the innovative idea, carries out the staking of ETP's ADA tokens on the Cardano network, which has remained operational without any outages over the past five years. In contrast, its major competitors, such as Solana, Ethereum, and Avalanche, all based on proof-of-stake consensus, have experienced interruptions. Cardano's scientific-based technology is evidenced by a vibrant ecosystem of companies building innovative applications and supported by over 4.5 million wallets. Its network is widely regarded as the most decentralised and secure in existence. The Cardano blockchain has been adopted by the Refugees Agency of the United Nations (UNHCR) to help raise funds using staking to support people forced to flee.