Launching an ETP (EU jurisdiction) for ATOM

Conversation
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Hello there Cosmos Hub, I’d like to discuss the possibility of launching an ETP for ATOM.

Here are a few details for context:
My team’s currently working with FiCAS and its sister company, Bitcoin Capital. FiCAS is a Swiss-based, FINMA-licensed crypto asset manager, well known for launching the world’s first actively managed crypto ETP back in 2020. Bitcoin Capital, in turn, is one of the very few issuers backed by a regulated asset manager as its parent company.

We’ve been considering the possibility of discussing with your governance community the launch of a physically backed ETP for ATOM, including fund structuring and a subsequent listing on the SIX Swiss Exchange, one of the oldest and most reputable exchanges in Europe.

If this idea interests you, even just for initial consideration, I’d be glad to share a detailed proposal and the rationale for such a financial product for Cosmos.

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4

Thank you for reaching out and for sharing this exciting proposal.
The idea of launching a physically backed ETP for ATOM — especially with an issuer backed by a FINMA-licensed asset manager like FiCAS — is indeed of strong interest for the Cosmos ecosystem.

We’d be glad to review your detailed proposal and better understand the fund structure, custody model, and governance touchpoints you have in mind.
Please feel free to share the full rationale and any supporting materials. Once reviewed, we can help facilitate the next steps with the appropriate Cosmos Hub contributors and governance channels.

Also, since I’m based in Switzerland, I’d be happy to meet in person for a coffee or a meeting to discuss this initiative in more detail.

Looking forward to hearing more about your vision for this project.

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Hello,

Thank you for your feedback, and it’s nice to meet you.

We mostly operate through Telegram, or I can introduce you to the FiCAS and BC team via email. Whichever’s more convenient for you.

@arsenii_coinsetters is my Telegram.

arsenii@coinsetters.io is also my email.

They’ll be able to give you a more complete offer regarding the launch steps, fund structure, and so on. Moreover, if you live in Switzerland, I think they’d be more than happy to meet with you offline. Their office is located in Zug.

Please let me know which option suits you best, and rest assured that I’ll prepare a board for discussion.

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