Ripple & Certificate - an interesting symbiosis

Ripple & Certificate - an interesting symbiosis

19 July 2019Reading time: 3 minutes

Vontobel offers investors access to the crypto currency "Ripple" via an open-end tracker certificate. The listed certificate enables investors to participate simply and transparently in the price performance of Ripple.

For many investors, the market for crypto currencies has been an interesting and novel investment alternative for years. Vontobel was the first issuer in the German-speaking world to make the simple and transparent investment in popular crypto currencies available to all capital market investors in the form of tracker certificates on Bitcoin, Bitcoin Cash and Ether. With the issue of the tracker certificate in the crypto currency "Ripple", investors are offered a further alternative to participate in the development of the crypto market in the classic securities portfolio.

The Ripple Tracker Certificate: How it works

With the Vontobel tracker certificate, investors participate in the price performance of Ripple (XRP) without having to have access to the Ripple network or a "Ripple Wallet" themselves. Accordingly, investors do not bear the risk of losing Ripple due to hacker attacks, technical problems, improper handling or the failure of the Ripple depositary.

Product Details

Vontobel is now offering the first participation certificate on Ripple with an unlimited term - an open-end participation certificate. The product enables unlimited* participation of almost 1:1 in price gains and losses of the XRP - taking into account the subscription ratio. The well-known virtual marketplaces CoinBase Prime, BitStamp and Kraken serve as "reference exchanges" for the participation certificate in the crypto currency "Ripple" in US dollars. The certificate is tradable since 6 June. Investors can trade the certificate in the secondary market via their commercial bank or online broker and buy or sell it at the respective bid/ask price.

The Underlying

Ripple is not a national currency, but a virtual currency in the form of a so-called payment token within the Ripple network developed by RippleLaps Inc. Ripple is a distributed financial technology system that offers transactions in its own blockchain infrastructure. For a transaction in the Ripple network, an input currency must be exchanged for Ripple and transmitted over the Ripple network. When the transaction is completed, Ripple is exchanged back into the outgoing currency.

Ripple exists only virtually in a computer network and has no intrinsic value. Ripple is traded decentrally on the Internet and does not have to be traded via intermediaries such as the state, central banks or commercial banks.

*The term is virtuially unlimited, subject to termination by the issuer or exercise by the investor.



Important Notice:

This information is neither an investment advice nor an investment or investment strategy recommendation, but advertisement. The complete information on the securities, in particular the structure and risks associated with an investment, are described in the base prospectus, together with any supplements, as well as the final terms. The base prospectus and final terms constitute the sole binding sales documents for the securities. It is recommended that potential investors read these documents before making any investment decision in order to fully understand the potential risks and rewards of deciding to invest in the securities. The documents and the key information document are published on the website of the issuer on and are available from the issuer free of charge. The approval of the prospectus should not be understood as an endorsement of the securities. The securities are products that are not simple and may be difficult to understand. This information contains an indication of past performance. Past performance is not a reliable indicator of future results.

This document and the information contained in it may only be distributed or published in countries where such distribution or publication is permitted by applicable law. As stated in the relevant base prospectus, the distribution of the securities mentioned in this information is subject to restrictions in certain jurisdictions. This advertisement may not be reproduced or redistributed without Vontobel’s permission.

28/09/2022 18:32:12


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