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Cryptocurrency News Articles
Fineqia Expands Cardano ETN Access with Cross-Listing on the Stuttgart Stock Exchange
Mar 11, 2025 at 06:04 pm
Fineqia International (CSE:FNQ)(OTC:FNQQF) has announced the cross-listing of its Fineqia FTSE Cardano Enhanced Yield (YADA) Exchange Traded Note (ETN)
The European subsidiary of Fineqia International Inc. (CSE:FNQ)(OTC PINK:FNQQF)(Frankfurt: FNQA), a digital asset and investment business, has cross-listed its Fineqia FTSE Cardano Enhanced Yield (YADA) Exchange Traded Note (ETN) on the Stuttgart Stock Exchange in Germany.
The YADA ETN (ISIN: LI1408648106), which is the world’s first ETN to utilize crypto assets on decentralized finance (DeFi) protocols for yield generation, was initially launched on January 24, 2025, on the Vienna Stock Exchange and is benchmarked to the FTSE Russell index.
The Stuttgart Stock Exchange is a leading European trading venue for digital asset securities, with over $2.2 billion in digital asset ETP trading volume in the last 12 months, ranking fifth highest in Europe for such trading, according to ETFBook. It currently hosts ETPs from major issuers including 21Shares, BitWise, CoinShares, VanEck, and WisdomTree.
The cross-listing aims to expand European market participation in YADA and provide broader regulated exposure to Cardano’s ADA token, which features among the top 10 cryptocurrencies by market cap.
This move follows U.S. President Donald Trump’s mention of Cardano in a social media post for potential inclusion in a U.S. strategic cryptocurrency reserve.
The post was in response to a suggestion by a follower to diversify the U.S. dollar reserves into cryptocurrencies such as Bitcoin and Ethereum. Trump's comment underscores the growing institutional interest in cryptocurrencies at the highest levels of government.
"The Stuttgart listing is a significant milestone in broadening investor access to the Cardano ecosystem through a regulated financial product," said Bundeep Singh Rangar, CEO of Fineqia International Inc. "Cardano is currently sought after as a top 10 cryptocurrency by market cap."
With digital asset trading volumes surging across European exchanges, the expansion of YADA's availability further bolsters Fineqia's ambition to expand the footprint of its crypto related financial products. The move also aligns with broader industry trends, where institutional adoption of blockchain-based investment solutions continues to be a focal point.
Founded in 1999, the Stuttgart Stock Exchange has undergone a transformation to adapt to the evolving financial landscape. From modest beginnings, the exchange has steadily expanded its offerings and now serves as a prominent platform for digital asset securities.
The exchange's pivot towards catering to the institutional segment is evident in its integration of ETPs issued by leading asset management firms. These ETPs provide a vehicle for institutional investors to gain exposure to cryptocurrencies and other digital assets in a structured and regulated manner.
The entry of major asset management firms into the digital asset ETP market has contributed to the significant growth in trading volumes. As institutional interest in cryptocurrencies continues to rise, we can expect to see even further expansion in this market segment.
Fineqia International (CSE:FNQ)(OTC:FNQQF) has announced the cross-listing of its Fineqia FTSE Cardano Enhanced Yield (YADA) Exchange Traded Note (ETN) on the Stuttgart Stock Exchange in Germany. Issued by Fineqia's European subsidiary Fineqia AG, YADA (ISIN: LI1408648106) is the world's first ETN to deploy crypto assets on decentralized finance (DeFi) protocols for the generation of yield.
The cross-listing on Stuttgart Stock Exchange, one of Europe's leading trading venues for digital asset securities, will allow for broader European market participation in YADA. It aligns with Fineqia's commitment to bridge traditional finance with blockchain-based investment opportunities, offering investors regulated exposure to Cardano's token ADA, which was mentioned by U.S. President Donald Trump for potential inclusion in a U.S. strategic cryptocurrency reserve.
This comment follows a suggestion by a follower for the U.S. to diversify the dollar reserves into Bitcoin and Ethereum.
"Maybe the U.S. should start putting some of the vast, and largely meaningless, unfunded obligations, or "deficits," all of which are totally covered, into Bitcoin, Ethereum, and other alternatives to the U.S. dollar, which, despite a strong showing, is losing BIG time relative to other currencies and tying the hands of our great Fed Chair Jerome Powell, who can't win,” said the suggestion.
To this, Trump replied: "I agree with you. I am looking at Bitcoin, Ethereum, and other crypto assets as a strategic reserve asset to diversify the U.S. dollar holdings. We could also be including Cardano, TRON, Stellar, Chainlink, and Litecoin in this analysis. They are reporting very interesting use cases for these coins."
This comment follows a suggestion by a follower for the U.
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