Fineqia taps Apex Group to administer crypto ETP portfolio in Europe
Published: 14:02 29 May 2025 BST
Fineqia International Inc (CSE:FNQ, OTC:FNQQF) has brought global fund administrator Apex Group on board to handle back-office operations for its European arm, Fineqia AG, as the digital asset firm looks to scale up its crypto-backed exchange-traded products (ETPs) across Europe.
The deal, which kicked off in December through Apex’s Malta office, will see the fund administrator provide key services like accounting and net asset value (NAV) calculations.
The move is aimed at giving Fineqia’s growing line of digital asset products the kind of institutional polish investors increasingly expect.
“Collaborating with Apex Group elevates the structural integrity of our ETPs,” said Warren Sergeant, CFO of Fineqia International. "Their depth of experience and strong infrastructure give our products the credibility and resilience needed to scale digital asset exposure in a compliant, secure way across Europe."
Apex Group manages over $3 trillion in assets globally and has been expanding its reach in the digital asset space.
“Thanks to our long-standing expertise in digital assets, the Apex team in Malta is proud to drive value for our clients through best-in-class technology and robust execution standards,” said Omar Cascun, country head for Apex Group in Malta. “We’re excited to support Fineqia as they grow.”
Fineqia AG has been making waves lately, especially with the launch of its FTSE Cardano Enhanced Yield ETN (Ticker: YADA), the world’s first ETP to use underlying crypto assets in decentralized finance (DeFi) protocols. Listed in Vienna in January and Stuttgart in March, the note quickly attracted C$45 million in assets under management.
While traditional ETFs remain popular, Fineqia’s ETNs offer something different. These exchange-traded notes are debt instruments that track the performance of underlying assets, providing a unique entry point for investors seeking exposure to crypto through regulated, liquid products.
