Fineqia International CEO Bundeep Singh Rangar

Stockhouse

The Market Online speaks with Fineqia International CEO Bundeep Singh Rangar, as Fineqia's Yield-Bearing Bitcoin ETP Garners $15.1 Mln; Total Co. AUM Reaches $41 Mln.

Transcript

00:00Welcome to the Watchlist. I'm Lindsay Melchick. As crypto markets evolve, so do investor demands

00:11and yield is quickly becoming the next frontier. Finnecchia is stepping into that space with a

00:17Bitcoin yield ETP that's already getting attention. And joining me now is Bandeep Singh Rangar,

00:22CEO of Finnecchia. Bandeep, what a strategic gap this is. And the Bitcoin yield ETP designed to

00:29fill in the broader Bitcoin investment. I mean, how are you for one? And tell us more about this

00:35for another. Great. No, thank you. Happy to be on board. Look, Bitcoin is one of those great assets

00:40that people are looking at as a digital gold, right? But if you look at gold, gold does not give

00:45you yield. And Bitcoin natively does not do that. But there are ways to get yield on Bitcoin. You can

00:50create RAP BTC and you can deploy them on blockchain protocols to get yield. And that's exactly what we

00:57do. That's where we deploy the assets. Now, we would do that because it gives passive income,

01:03but we would do that more so because investors want that. Like in the survey last year, 72% of all

01:09institutional investors said they'd like to get yield on their crypto assets and in particular BTC.

01:15And while something like 24, $27 billion has flowed into structured ETFs and ETPs in the world,

01:23in Bitcoin, you know, overall less than 10% of Bitcoin products have yield. So there's a huge

01:30gap there between the expectation set of investors who want yield, who want passive income and the

01:37actual deployment of Bitcoin for yield. And that's really the gap we're filling.

01:41Well, I mean, let's flip over here and actually just talk about that $36 million in AUM. I mean,

01:47does that reflect the appetite for the yield in crypto? And if so, I mean, what factors could

01:54drive even more growth with that? Yeah. I mean, out of that 36, about 15 just came in from our BTC

02:00product, right? The balances from our Cardano product, which I guess I said was higher, but

02:04it's dropped because of the value of Cardano. But getting in 15 million, like within a week of

02:08launching is pretty good. And I think that shows this kind of pent up demand, both for ETP products.

02:14Remember, Europe has about 60% of all listed crypto ETFs and ETNs, which comprise ETPs are all

02:20in Europe. So there's a national market there for such listed products. Now you add, you know,

02:25the hot thing right now is Bitcoin, because you look at all these Bitcoin treasury companies that

02:29are emulating strategy and institutional acceptance of Bitcoin is high. The US is talking about mortgages

02:35against Bitcoin holdings. So you can get, you know, look into the future and say, well, Bitcoin is here

02:40to stay. Now, how do I actually get yield on it? Because generally speaking, Bitcoin is a zero yield

02:45or very low yield product. So our product, I think, just hits the market at the right spot in terms of

02:51a good target yield of 6%. And it's a listed fundable product. So you can get in and get out whenever you

02:57want. It's a listed instrument in a regulated market like Europe. And by the way, it's, of course,

03:02it's tradable through its ISIN. So it's a, it's an internationally structured product.

03:07I mean, you guys have always so much going on and you are always so full of knowledge and wisdom.

03:14And I love chatting with you. Thank you again for joining us and definitely come back soon.

03:19Oh, it was a pleasure, Lindsay. I'm happy to come on again, whatever you like.

03:21Again, that was Bandeep Singh Rangar, CEO of Finekia. You can actually find more conversations

03:27with Bandeep and I over on the Contributors Corner podcast right here on Stockhouse. And to learn more

03:33about Finekia, make sure that you head to their website at finekia.com, F-I-N-E-Q-I-A.com.

03:42I'm Lindsay Melchick. We'll see you soon.

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