🌎 Fineqia Launches First Cardano-Based ETN

Fineqia Launches First Cardano-Based Exchange-Traded Note for Decentralized Finance Yield

Fineqia AG, a European subsidiary of Fineqia International, has introduced the world’s first exchange-traded note (ETN) that utilizes Cardano assets to generate yield in decentralized finance (DeFi). The Fineqia FTSE Cardano Enhanced Yield ETN, listed on the Vienna Stock Exchange under the ticker YADA, offers investors a unique opportunity to benefit from Cardano price appreciation while earning yield, regardless of the underlying asset’s price movement.

Exchange-traded notes (ETNs) are debt instruments that collateralize an exchange-traded product’s underlying asset, including cryptocurrencies. The Cardano ETN provides access to yield by deploying ADA across yield-bearing DeFi protocols. This innovative product taps into the growing global DeFi market, which currently holds over $155 billion in total value locked across various protocols.

Market Growth and Adoption

According to research, the global DeFi ecosystem could see its revenue grow to $542 billion by 2025. The launch of the Cardano ETN follows Fineqia AG’s base prospectus approval from the Liechtenstein Financial Market Authority, enabling the company to issue crypto-backed exchange-traded notes across the European Union.

The crypto ETN market in the EU is expanding, with YADA adding to the growing list of products. There are currently over 220 crypto ETPs globally, accounting for more than $216 billion in assets under management. Among these ETPs are U.S. spot Bitcoin ETFs, which have recorded over $121 billion in AUM since their debut in January 2024.

Investor Sentiment and Market Trends

Experts attribute the positive market sentiment to broader optimism surrounding the market. Spot Bitcoin ETFs have seen over $4.2 billion in net inflows year-to-date, reflecting the growing interest in digital assets as investment vehicles.