ETF Securities (ETFS) has launched the ETF Securities Fintech and Blockchain ETF (FTEC) exclusively on stock exchange Chi-X Australia.
FTEC aimed to provide investors with access to global growth companies disrupting the finance sector and acted as a hedge against disruption to banks.
It tracked the Indxx Developed Markets Fintech & DeFi Index, which included developed markets with exposure to themes that included a cashless society, blockchain adoption, online wealth platforms, alternative credit, and cloud-based financial software.
Evan Metcalf, ETFS head of product, said: “This new product is set to be a real game changer for the industry, addressing the market’s unmet need for access to the next wave of financial market innovation.
“Recently, we have seen investors shift their focus to the technology underpinning these innovations, and we’re pleased to be able to partner with Chi-X to make exposure to decentralised finance, digital payments and other fintech categories, accessible for investors.”
Vic Jokovic, Chi-X Australia chief executive, said: “We are excited to be launching FTEC to give more investors access to the world’s most innovative fintechs and companies forging new paths with technology, such as blockchain.
“As an emerging fintech company ourselves, Chi-X Australia has consistently delivered innovation to the local Australian market via best-in-class technology and customer service.
“With Chi-X now part of Cboe Global Markets, we look forward to continuing our track record in fintech innovation by leveraging Cboe’s global resources in products and services, for the benefit of the Australian market.”