With its newly launched Exchange Traded Instrument (ETI), iMaps now offers a certificate that benefits from the high financing costs of the still relatively young asset class of cryptocurrencies.
Liechtenstein, December 14, 2021 – iMaps Capital Markets (iMaps), a brand of the European certificate issuer iMaps ETI AG, has launched a new investment product on the Stuttgart Stock Exchange: the Jolly Ledger Digital Assets Arbitrage ETI (ISIN: DE000A3GV3E5). Under its Jolly Ledger brand, the alternative asset management company AXOVISION Capital GmbH has launched the investment product in the form of an exchange-traded instrument together with iMaps. It has been traded since December 1 and is authorized for public distribution in Germany, Liechtenstein, Luxembourg and Austria.
The investment objective of the investment certificate is to identify and benefit from attractive risk-adjusted returns with low volatility and no correlation to the cryptocurrency markets. This gives private investors in particular the opportunity to participate in financial necessities without having to consider the risk potential associated with cryptocurrencies. They can rely on professional management of arbitrage strategies.
Thomas Kutschera, co-founder and portfolio manager of AXOVISION, explains the underlying principle: “Depending on the market situation, we choose one of two strategies: either we lend stablecoins, i.e. tokens pegged to the US dollar, to a regulated counterparty and hedge the US dollar risk against the euro. The second option is basis arbitrage: a token is bought and simultaneously sold via a future. Compared to a direct investment in cryptocurrencies, both strategies offer attractive but above all less volatile returns.”
“Put simply, market inefficiencies are exploited and, for example, a crypto token is bought today at the current price and sold via a futures exchange with a premium of several percent at a later delivery date. The difference is the arbitrage profit. A strategy that is so arbitraged on the commodity markets that it hardly yields any returns, but continues to deliver very attractive returns on the crypto markets,” summarizes iMaps ETI founder and CEO Andreas Wölfl.
In order to manage counterparty risk, both strategies are mainly processed via regulated intermediaries and not via the respective markets themselves.
About iMaps ETI AG
iMaps ETI AG is an issuer of Exchange Traded Products (ETP) in the Principality of Liechtenstein with a focus on asset manager certificates in the form of Actively Managed Certificates.
iMaps Capital Markets focuses on providing asset managers with a platform for issuing exchange-traded instruments (ETIs) as a white label solution in order to map the respective investment strategy. The spectrum includes ETIs on traditional investments such as equities, derivatives and funds as well as on digital assets as underlying assets. As a subgroup of exchange-traded products, they are an interesting, fast-growing and cost-effective alternative to funds. Thanks to the approved securities prospectus of iMaps ETI AG, it is also possible to offer ETIs publicly to private investors.
Further information is available at www.imaps-capital.com
About AXOVISION
AXOVISION is an alternative asset manager specializing in technology-based investment products. AXOVISION GmbH develops AI models for the stock market and supports professional investors with AI-generated trading signals. The subsidiary AXOVISION Capital GmbH is licensed to provide investment services in accordance with Section 15 WpIG and launches an AI investment fund. With the new Jolly Ledger product line, AXOVISION Capital is now also focusing on the still young asset class of cryptocurrencies.
Further information is available at www.axovision.com
Disclaimer: The securities base prospectus including supplements has been approved by the FMA Liechtenstein and notified to Germany, Austria, Italy, Luxembourg and Ireland. It has also been registered for the public offer in Switzerland. It is available on the website www.imaps-capital.com/etis downloadable free of charge.
