Global X ETFs Europe has launched a stablecoin & tokenisation Ucits ETF on the London Stock Exchange and Deutsche Börse Xetra, with listings on Borsa Italiana and the Swiss exchange Six to follow in the coming weeks.
TKNX will join the firm’s thematic suite of products, aiming to expose European investors to a range of companies involved in the development, adoption and enablement of tokenisation and stablecoin-related technologies.
“Stablecoins and tokenisation are developing into core components of digital financial infrastructure,” said Andrew Ye, Thematic Investment Strategist at Global X ETFs Europe.
“As regulatory frameworks become clearer and major financial institutions continue to test and implement these technologies, the market is increasingly moving toward more practical, institutional use cases. TKNX provides investors with a way to access the companies and platforms supporting this shift, reflecting the growing role these technologies may play in the future of capital markets and payment systems.”
The ETF will carry a total expense ratio of 0.50% and will track the Mirae Asset Stablecoins and Tokenisation Ucits Index.
Global X is a part of Mirae Asset Financial Group, which has more than $803bn in assets under management worldwide.
