according to the website - Cointelegraph
The Amplify digital asset manager launched two exchange-traded funds tracking blockchain projects through stablecoins and tokenization.
On Tuesday, the Amplify Stablecoin Technology ETF (STBQ) and the Amplify Tokenization Technology ETF (TKNQ) were launched on the NYSE Arca.
Both funds track a diversified index of companies working on products or infrastructure, as well as projects that generate income from tokenization and stablecoins.
'These new ETFs expand the Amplify lineup at a time when the infrastructure underlying stablecoins and the growth of tokenization are shaping the next phase of digital finance,' the company reported.
Stablecoins and tokenization were the most popular topics in the cryptocurrency community this year. When the US passed laws that gave institutions confidence in launching stablecoins, and regulators began a dialogue on how they should approach assets like tokenized stocks.
Amplify stated that its stablecoin-focused ETF tracks shares of companies that 'generate significant revenue from payment technologies, digital asset infrastructure, and trading platforms.'
He owns shares in companies that payment systems such as Visa, Circle, Mastercard, and PayPal work with, as well as crypto ETFs from grayscale, iShares, and Bitwise.
The firm pointed out changes in regulation in the US and EU, noting that the 'GENIUS Act in the US and MiCA in Europe position stablecoins as a compatible foundation for digital finance.'
Meanwhile, the tokenization fund includes participation from BlackRock, JPMorgan, Figure Technology Solution, Citigroup, and Nasdaq, which have been looking for opportunities to digitize traditional financial services over the past few years.
