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Fineqia launches world’s first DeFi yield Cardano ETN

Author: Content Editor
Fineqia AG, the European subsidiary of Fineqia International, has launched the first-ever exchange-traded note (ETN) that utilizes Cardano assets for decentralized finance yield bearing. The Fineqia FTSE Cardano Enhanced Yield ETN, traded as YADA, allows investors to earn yield from Cardano (ADA) regardless of the asset's price movement. The ETN collaterizes ADA to provide access to yield through DeFi protocols. Fineqia's collaboration with FTSE Russell, the index provider, and approval from the Liechtenstein Financial Market Authority enables the company to issue crypto-backed ETNs across the European Union. The launch of YADA adds to the growing crypto ETN market, with over 220 crypto ETPs globally and $216 billion in assets under management. The positive market sentiment has been attributed to the increasing adoption of digital assets as investment vehicles.

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