Leonteq Securities AG announced today that it has launched the world’s first reverse convertible on Bitcoin listed on SIX Swiss Exchange.
From today, investors can trade a reverse convertible on Bitcoin on SIX Swiss Exchange for the first time. Reverse convertibles are very popular yield enhancement products and are typically linked to single stocks, stock baskets or equity indices. Leonteq is the first issuer worldwide to extend the reverse convertible concept to cryptocurrency as underlying securities.
Leonteq established itself as a leading innovator of investment solutions linked to cryptocurrencies and was the first issuer globally to list a short tracker certificate on Bitcoin as well as tracker certificates and actively managed certificates (AMCs) on Ether, Bitcoin Cash, Litecoin and Ripple on SIX Swiss Exchange. With this latest investment solution, Leonteq is continuing to expand what is already today the largest offering of crypto currency related structured products.
Leonteq is the leading issuer of yield enhancement products listed on SIX Swiss Exchange with a market share of approximately 30% (measured in terms of the turnover of products issued by Leonteq and its issuance partners).
David Schmid, Head of Investment Solutions at Leonteq, stated: “Leonteq is once again asserting itself as an innovative provider of structured products. We are very excited to launch another world first for our clients in the area of cryptocurrencies, demonstrating our ambition to become the leading marketplace for structured investment solutions.”
Learn more about the reverse convertible on Bitcoin.
LEONTEQ
Leonteq AG is a Swiss company active in the finance and technology sector with a focus on the structured products segment. Based on proprietary, modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. The company has offices and subsidiaries in 10 countries, through which it serves over 50 markets. Leonteq generated turnover of CHF 28.8 billion and posted total operating income of CHF 282.4 million in 2018. As of 31 December 2018, Leonteq's common equity tier 1 ratio (CET1) was 21.9%. Leonteq AG is listed on the SIX Swiss Exchange (SIX: LEON).Leonteq Securities AG is the main operating subsidiary of Leonteq AG. The company is a securities dealer regulated by the Swiss Financial Market Authority FINMA and is a member of the Swiss Structured Product Association.