ABNB

ABNB

21Shares Binance BNB ETP

The world's first physically backed Binance coin ETP

All documentation

Description

The 21Shares Binance Coin ETP (Ticker ABNB) seeks to track the investment results of Binance Coin (BNB).

Objective

The 21Shares Binance BNB ETP seeks to provide exposure to the performance of Binance coin.

Custody

Kingdom Trust is a privately-held independent qualified custodian established in 2010 after being granted a trust charter by the South Dakota Division of Banking and provides custody and escrow solutions for advisors, family offices, financial institutions, marketplace lending and individuals. As of February 2017, the firm had over 100,000 clients and U.S.$12 billion of assets under management.

Why ABNB

Number 1 Crypto Exchange

Number 1 Crypto Exchange: BNB is the native token of the Binance Exchange, the largest crypto currency exchange in terms of trading volume globally.

Utility Token

Utility Token: BNB is one of the three largest utility tokens with multiple use cases: reduced transaction fees on Binance, in-store purchases, and various other payments on crypto platforms.

Institutional Grade Security and Execution

Institutional Grade Security and Execution: The ETP is administrated via the Onyx Platform, which is integrated with the leading industry service providers to ensure the highest standard for custody and trading.

Collateralization

Collateralization: 21Shares holds the underlying crypto assets in cold storage equal to 100% of the value of the notes at all times.

Allocation   As of July 31 2020
CryptocurrencyWeightingQuantity per ETPReference Price
Binance Coin100.00%1.0770 ($22.24)$20.65
Trading Information
ExchangeBloomberg TickerListing Currency
SIX Swiss ExchangeABNB SE
USD
BX SwissABNB BW
CHF

ELEGANTLY CRAFTED IN SWITZERLAND

The material contained on this website is for informational purposes only and 21Shares AG, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. Additionally, the material accessible through this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Past performance is not an indication of any future performance. For the complete terms and condition, as well as the privacy policy, please see English version. In case of discrepancy, the English version shall prevail.

1) https://cointelegraph.com/news/bitcoin-is-worlds-best-performing-asset-class-over-past-10-years-says-pompliano

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