White label issuer HANetf has launched a new platform enabling clients to manufacture and manage their crypto exchange-traded products (ETP), building on its existing marketing and distribution activities in the space.
With the new platform, HANetf can offer clients a ‘one-stop-shop’ solution for building crypto products, regulatory approvals, seed capital, exchange listing, fund management, trading networks and distribution.
The firm said its white-labelling service including the new platform will reduce clients’ launch timeline to two months, with a choice between a ‘full service’ or more basic model for managers with existing distribution networks.
Nik Bienkowksi, co-founder and co-CEO of HANetf, said: “It is a natural extension of our offering to expand into providing white label ETC and ETP solutions. We want to be a one-stop-shop across all asset classes and product structures.
“We also believe many mainstream asset managers and product providers like investment banks have regulatory, operational, and infrastructure challenges with crypto and an outsourced solution via HANetf makes a lot of sense.”
The firm already distributes ETC Group’s single coin crypto range and said it intends to continue doing so.
The launch of HANetf’s new ETP and ETC platform follows the appointment of Torsten Dueing as its head of ETC structuring from Nomura.
Dueing already oversaw the firm’s existing ETCs. He will also lead the development and growth of the new platform’s ETCs.
HANetf’s new service makes it only the second firm to offer full white labelling services on crypto ETPs in Europe, after Iconic Funds announced in June it would partner with incumbent financial institutions to launch crypto ETPs as part of its ‘ETPs-As-A-Service’ line.