GenTwo and issuance.swiss Partner to Develop Innovative ETPs and AMCs

GenTwo, a Swiss fintech in Actively Managed Certificates (AMCs) and issuance.swiss, an exchange-traded products (ETPs) provider powered by Apex Group, announced their partnership on June 13.

The collaboration would leverage both companies’ strengths to develop ETPs and AMCs, enhancing the range of digital asset investment options available to their clients.

GenTwo and issuance.swiss Partner to Expand Digital Asset Investment Vehicles

The partnership will result in issuance.swiss referring all AMC business to GenTwo, and GenTwo directing its ETP business to issuance.swiss.

According to the press release, issuance.swiss clients will now be able to leverage GenTwo’s expertise and the technology of its market-leading GenTwo Pro platform to issue all their AMCs. This will streamline the product-issuance process and increase operational efficiency. In return, GenTwo clients will be able to swiftly issue cryptocurrency ETPs to the market by utilizing issuance.swiss’s specialist teams and platform.

Notably, issuance.swiss’s infrastructure and European listing capabilities are supported by Apex Group, a global service provider and fund administrator that manages USD 3.1 trillion in assets.

Switzerland’s Growing Crypto Market

Recently, a group of Bitcoin investors in Switzerland has renewed efforts to convince the Swiss National Bank (SNB) to include Bitcoin in its reserves. They plan to launch a petition for a referendum to amend the country’s constitution, which will require over 100,000 Swiss citizen signatures within 18 months. The group is finalizing the necessary documents for submission to the State Chancellery.

The SNB is also exploring ways to tokenize financial assets. During a Basel event, SNB Chairman Thomas Jordan discussed the bank’s investigation into alternatives to its wholesale central bank digital currency (CBDC). As part of Project Helvetia III, launched in December 2023, participating banks use Swiss franc wholesale CBDC to settle transactions with tokenized bonds on the SIX Digital Exchange (SDX).

Jordan highlighted the project’s goal to make tokenized central bank money available on third-party platforms, addressing current financial market infrastructure barriers while acknowledging the challenges of tokenization.

Switzerland has been among the leading crypto countries. According to a report early this year, Switzerland is emerging as a hub for crypto “unicorns ,” with 13 token-related firms now valued at $1 billion or more, up from nine in 2022.

The report highlights that the Swiss-Liechtenstein cryptocurrency ecosystem now represents 4.8% of all global blockchain investments, a 0.7% increase since the previous year.

The “Crypto Valley” in Zug and the cantons of Geneva and Zurich have attracted most of these investments, hosting many of the 35 crypto start-up financing rounds.

Zug houses 512 crypto firms, followed by Zurich and Geneva, with 289 and 115 companies, respectively. Other Swiss regions like Ticino, Vaud, Bern, Schwyz, Lucerne, and Neuchâtel also saw an influx of crypto companies. Liechtenstein is also gaining traction with 66 active crypto firms.