IPC, a secure trading + communications network for financial institutions worldwide, announced the launch of a cryptocurrency platform through which IPC customers can create their own cryptocurrency Exchange-Traded Funds (ETFs). Any of IPC’s network of 6,400+ financial institution customers around the world now have the ability to create crypto ETFs based on any allocation model and strategy to capture the value of a basket of cryptocurrencies without directly owning the underlying assets.
What’s more, IPC customers can white label their crypto ETFs for third parties, creating additional revenue streams. Among the features available, IPC’s financial customers can use and set automated rules for their cryptocurrency ETFs, including for rebalancing, reissuing, algorithmic trading and price calculations.
The launch is made possible by IPC’s partnership with the cryptocurrency trading platform ZoozBit starting from July. Together, the two companies have been working to build the same financial product offerings for cryptocurrencies that professional investors demand — and transact on IPC’s trading network — for traditional assets like stocks and bonds.