On Thursday, March 14, Liqwid Finance, a Switzerland-based protocol, in collaboration with Issuance.Swiss AG, has officially launched a financial product named CASL, an Exchange Traded Product (ETP) that harnesses the growth and staking rewards of the ADA token from the Cardano blockchain. Listed on the SIX Swiss Exchange, CASL uniquely blends the stability of traditional finance with the novel returns of decentralized finance (DeFi).
Cardano Staking ETP Launches In Switzerland
The product is designed to not only track the performance of the ADA token, but also to capture the returns generated from staking ADA. This approach provides investors with a two-fold advantage: exposure to the price appreciation of ADA and additional staking rewards, thereby enhancing the overall return on investment.
Florian Volery, Co-founder of Liqwid Finance, explained, “CASL offers all the advantages of traditional and decentralized finance. It’s a low-cost, liquid, institutional-quality
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