TechFlow News, April 22: According to the Financial Times, UK-based startup Stratiphy will simultaneously offer cryptocurrency exchange-traded notes (ETNs) and the innovative financial Individual Savings Account (IF ISA), enabling investors to hold crypto assets within a capital gains tax-free account. Stratiphy offers three ETNs issued by 21Shares—the largest European crypto ETP issuer—which track Bitcoin, Ethereum, and a Bitcoin-and-gold combination product. The platform currently manages approximately £4 million in assets and serves around 2,000 clients.
In October last year, the UK’s Financial Conduct Authority lifted its four-year ban on retail investors purchasing exchange-traded notes (ETNs).
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