Netz disclosed the product would be one-to-one with crypto markets and redeemable onchain, structured as a security so protocols can pay revenue back to holders.
- Igloo CEO Luca Netz claims his company has developed a financial instrument to list crypto tokens directly on major stock exchanges like Nasdaq and NYSE.
- This instrument is structured as a security, allowing protocols to distribute revenue directly to token holders, bridging traditional finance and crypto.
- The innovation aims to address limitations of existing vehicles like ETFs and digital asset treasury companies, though regulatory determination is pending.
Topics: Asset types, Institutional adoption, Legal regulatory, Equity, Asset manager initiatives, Securities law classification
Tags: #igloo #lucanetz #nasdaq #nyse #tokenizedsecurities #aave #ipo #ico #goldmansachs #morganstanley
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