Homburger advised 21Shares AG in the listing of two new series of crypto-index-linked exchange traded products on the SIX Swiss Exchange

On September 29, 2021, 21Shares AG, a Zug-based special purpose issuance vehicle of the fintech group Amun and the Swiss market leader in crypto- linked exchange traded products (ETPs), successfully issued and listed two new series of crypto-index-linked ETPs on the SIX Swiss Exchange. The first series, 21Shares Crypto Basket Equal Weight ETP (HODLV), is linked to the «The Vinter 21Shares Crypto Basket Equal Weight Index» (consisting of Bitcoin, Ethereum, Cardano, Binance Coin and Ripple). The second series, 21Shares Crypto Basket 10 ETP (HODLX), is linked to «The Vinter 21Shares Crypto Basket 10 Index» (comprising Bitcoin, Ethereum, Binance Coin, Cardano, Ripple, Polkadot, Bitcoin Cash, Litecoin, Solana, and Stellar). The products are fully collateralized by the underlying components.

Homburger acted as Swiss legal counsel to 21Shares AG. The Homburger team was led by partner Benjamin Leisinger and included paralegal Ganna Schneuwly (both Capital Markets).