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Draft:Virtune

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Virtune AB (Publ)
Company typePrivate company
IndustryAsset Management
Founded2022; 2 years ago (2022)
FoundersChristopher Kock and Peter Arvidsson
Headquarters,
ProductsExchange Traded Products (ETPs)
AUM$90 million
Websitewww.virtune.com/en

Virtune is a Swedish digital asset management company that issues cryptocurrency exchange-traded products (ETPs). The company was established with the aim of facilitating the integration of traditional finance with the cryptocurrency market by enabling the trading of Crypto ETPs on established financial exchanges.[1][2]

Virtune's financial instruments are listed and traded on Nasdaq Stockholm, Börse Stuttgart, and Euronext.[3][4]

History

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Virtune was founded in 2022, in Stockholm. In 2023, Virtune obtained its European Union Base Prospectus, a key regulatory approval that allows the company to offer its financial products across the European Union. The EU Base Prospectus is a regulatory requirement for financial institutions seeking to issue securities or investment products within the EU and ensures compliance with the European Securities and Markets Authority (ESMA) regulations.

Following this approval, Virtune gained notable recognition in the Nordic region, particularly after launching the region’s first cryptocurrency index ETP.[5]

By September 2024, Virtune has launched 10 single asset crypto ETPs (including crypto assets such as Bitcoin, Ethereum, and Solana) and 2 crypto index ETPs.[6][7]

Products

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Virtune issues Crypto ETPs which are a fully backed by the underlying crypto assets on which the value of ETPs are based. Certain Virtune products which are based on crypto blockchains using a Proof of Stake (PoS) system, offer staking returns to investors.[8][9]

Investors can access Virtune's ETPs via different banks and brokers such as Avanza, Nordnet, Comdirect, Handelsbanken, Degiro, and Interactive Brokers.[10][11]

References

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  1. ^ "Virtune bryter ny mark med Nordens första kryptoindex-produkt på Nasdaq". www.privataaffarer.se (in Swedish). Retrieved 2024-09-30.
  2. ^ "XRP Is 'Ideal for International Transfers', Says Sweden-Based Digital Asset Manager". Crypto Globe. July 2, 2024.
  3. ^ "Krypto: Så kommer halveringen påverka Bitcoinpriset". www.di.se (in Swedish). 2024-04-15. Retrieved 2024-09-30.
  4. ^ "ETP listing Virtune on Euronext Amsterdam". www.euronext.com. Retrieved 2024-09-30.
  5. ^ "ESMA Prospectus III document register - Virtune". European Securities and Markets Authority. Retrieved October 24, 2024.
  6. ^ "Virtune AB (Publ) announces its expansion into France through the listing of Virtune Staked Solana ETP on Euronext Paris". The Manila Times. 2024-09-26. Retrieved 2024-09-30.
  7. ^ "Virtune unveils carbon-neutral bitcoin ETP". ETF Stream. September 14, 2023.
  8. ^ Redaktionen (2023-07-28). "Vad är en ETP? Virtunes VD Christopher Kock berättar om nordens första börshandlade index för kryptovalutor". Finanstid (in Swedish). Retrieved 2024-09-30.
  9. ^ "Virtune AB (Publ) expands to the Netherlands with the listing of Virtune Staked Solana ETP on Euronext Amsterdam | Placera". www.placera.se. Retrieved 2024-09-30.
  10. ^ "VIR10SEK Trackers på Nasdaq Stockholm AB". Nordnet (in Swedish). Retrieved 2024-09-30.
  11. ^ "Om certifikatet | Avanza". www.avanza.se (in Swedish). Retrieved 2024-09-30.