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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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CoinShares launches new physically-backed Ether ETP

Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange.

Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP.

Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch.

The news comes shortly after CoinShares launched its first cryptocurrency ETP, CoinShares Physical Bitcoin (BITC), in January 2021. Similar to BITC, the new ETH ETP will be initially listed on SIX Swiss Exchange. The new product intends to provide investors with passive exposure to Ethereum’s native asset at a base fee of 1.25%.

According to an announcement by Bloomberg, Nomura Holdings-backed digital asset custodian Komainu will serve as custodian for the new CoinShares’ product. Established in partnership with CoinShares, the custodian has already been servicing BITC as well.

ETHE is now listed on Bloomberg with an opening price of $47.30.

Source: Bloomberg

SIX Swiss Exchange is one of the world’s biggest exchanges providing its trading platform for various cryptocurrency ETPs, including 12 diversified crypto-asset ETPs by Swiss crypto ETP issuer 21Shares. The company is the first exchange in the world to receive regulatory permission to approve cryptocurrencies as underlying instruments for derivatives.

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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