The financial services giant has filed paperwork with the SEC to launch a debt instrument linked to 11 crypto-focused firms.
JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC.JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021) is described as an “unequally weighted basket consisting of 11 Reference Stocks of U.S.-listed companies” that operate businesses directly and indirectly related to cryptocurrencies.The instrument allocates 20% to MicroStrategy, the data analytics firm with 91,064 BTC on its balance sheet. It also provides direct exposure to Square (18%) and Riot Blockchain (15%), two companies with significant exposure to Bitcoin. Nvidia Corporation and PayPal Holdings each account for 15% of the basket. Advanced Micro Devices, Taiwan Semico
Why Polygon (MATIC) Prefers to Distrust Chains for AggLayer Security
[[{“value”:” Polygon unveils a novel solution to bolster the security of its interoperability layer. Continue reading at DailyCoin.…
