Froriep with VanEck in the launch of its VanEck Vectors ETP Program at SIX

Froriep acted as legal counsel to VanEck ETP and VanEck (Europe) in the launch of the VanEck Vectors Exchange Traded Notes Program at SIX. Froriep advised VanEck on the entire listing process for the multicurrency listing of the VanEck Vectors Bitcoin ETN and the VanEck Vectors Ethereum ETN at SIX, including the admission of VanEck ETP as new issuer of exchange traded products.

The legal team

The Froriep team consisted of partners Mark Montanari (pictured right) and Ronald Kogens (pictured left).

VanEck

The VanEck ETP’s provide investors with exposure to the price of Bitcoin and Ethereum without having to buy the crypto currencies themselves. In order to ensure the security of the cryptocurrencies in the ETNs, VanEck and Bank Frick are relying on a depository regulated in the EEA country of Liechtenstein, where the purchased cryptocurrencies are kept in so-called cold storage.

The New York-based investment management firm VanEck lists four crypto currency ETPs at SIX. VanEck was one of the first asset managers to offer investors access to gold investing in 1968, emerging markets in 1993, and Exchange Traded Funds in 2006.