SIX introduces new crypto ETP rules

With a six-month grace period, the revised guidelines on crypto assets-linked derivatives and exchange traded products (ETPs) listed on the SIX Swiss Exchange will require ‘prudentially supervised’ custodians. The most impactful requirement is the one mandating that crypto-asset collateral is kept with a prudentially supervised custodian - Silvan Thoma, PwC Issuers of crypto assets-linked derivatives and ETPs are urged to assess the changes required in relation to their issuance