India to launch first bitcoin and ethereum futures ETF

time:2022-01-13 09:30 source:Internet

Torus Kling Blockchain IFSC, a joint venture between Cosmea Financial Holdings and Kling Trading India, has signed a Memorandum of Understanding (MoU) with India’s INX to launch the country’s first Bitcoin and Ethereum futures exchange-traded fund ( ETF), will be the first cryptocurrency-backed futures ETF outside the United States. The futures ETF is expected to launch under the International Financial Services Centres Authority (IFSCA) sandbox structure by the end of the fiscal year. Product launch is subject to IFSCA and other regulatory approvals. Under the MoU, India INX will be the trading platform, Cosmea Financial Holdings will be the distributor and Kling Trading will be the technology partner. Cosmea has applied for a Small Finance Bank (SFB) license from the Reserve Bank of India (RBI) and is awaiting regulatory approval. Torus Kling Blockchain IFSC will provide 24/7 liquidity through smart order routing, becoming a liquidity provider for INX in India.

  • Positive
  • Latest
  • {{item.nickname}} {{item.publish_time}} sofa bench floor {{item.floor}} floor
    {{item.parentinfo.nickname}} Posted on {{item.parentinfo.publish_time}} {{item.parentinfo.content}}
    {{item.content}}

    Disclaimer : The above empty space does not represent the position of this platform. If the content of the article is not logical or has irregularities, please submit feedback and we will delete or correct it, thank you!

    {{item.praise}} Like {{item.praise}} Like Reply
Come on and grab the couch~
Post a comment
Cancel Reply
Stock
Blockchain Quotes
  • {{items}}
  • {{items.symbol}}
    ${{(items.close)}}
    {{items.increase}}%