InCore Bank and GenTwo Digital launch Switzerland's first digital asset representing a tracker on a Swiss blue chip. It gives digital asset investors access to traditional financial instruments. As a world first, "CRYSP" makes it possible to issue both AMCs and tokens.
InCore Bank and GenTwo Digital launched a new tokenized tracker. This tracker on Partners Group (SWX: PGHN) shares makes it possible for the first time to invest in a digital asset representing a Swiss blue chip. The token is based on the Tezos blockchain, which corresponds to the DAR-1 standard announced by the bank last year.
Enabeling hybrid financial instruments
Following the motto "create your structured products", InCore Bank's CRYSP solution allows asset managers and banks to easily offer innovative investment products under their own name, consisting of both digital and traditional assets.
"With CRYSP, we launched a solution for customized white label investment products last year. We are now specifically expanding CRYSP with today's launch of this digital investment product. For the first time, it is possible to issue both traditional Actively Managed Certificates (AMC) and tokens with the same financial vehicle. This hybrid model enables cost-saving capital raising by targeting traditional investors and digital asset investors simultaneously." - Mark Dambacher, CEO of Incore Bank
Not only the CEO of InCore, but also the CEO of GenTwo, Philippe Naegeli, was pleased with the launch. The tracker on Partners Group shares shows the potential of their securitization platforms, he said. Thanks to partnerships such as GenTwo Digital's with InCore Bank, they would jointly initiate solutions that meet the needs of many investors for new investment opportunities, in addition to bridging two worlds. Subscriptions for the tracker, which has a term of one year, will be accepted until April 8, 2022.
