Froriep in the launch of Iconic Funds Physical Bitcoin ETP
Froriep acted as legal counsel for Iconic Funds in the launch of its Iconic Funds Physical Bitcoin ETP at SIX, effective May 28, 2021. In particular, the law firm advised Iconic Funds on the entire listing process. This includes the admission of the new issuer Iconic Funds BTC ETN and the listing of the Iconic Funds Physical Bitcoin ETP in USD and CHF.
The Iconic Funds Physical Bitcoin ETP tracks the price of Bitcoin (BTC) and is 100% physically backed by Bitcoins stored in cold storages of regulated crypto custodians with additional third party insurance.
The Froriep team working on the matter consisted of partners Mark Montanari (pictured left) and Ronald Kogens (picture right).
Iconic Funds is a joint-venture of Iconic Holding and publicly-listed Cryptology Asset Group. Launched in 2019, Iconic Funds’ mission is to drive the adoption of crypto assets.
