Copper to Provide Custody Services for Fineqia Crypto ETN

Odaily News Digital asset firm Fineqia AG has partnered with cryptocurrency custodian Copper to provide custody solutions for its exchange-traded notes (ETN) business, aiming to enhance the reliability and transparency of its products.
Under the new agreement, Copper will safeguard the underlying assets held in Fineqia ETNs, including the Fineqia FTSE Cardano Enhanced Yield ETN, a product that provides direct investment in ADA and has over $45 million in assets under management as of January 29.
The Cardano ETN began trading on the Vienna Stock Exchange about 10 months after Fineqia AG initially received approval. The company’s prospectus allows its ETN to hold other cryptocurrencies, including BTC, ETH, AVAX, and TRX. (Cointelegraph)