WisdomTree Launches Europe’s First Physically-Backed XLM ETP

Huoxun Finance reported on October 14th that asset management company WisdomTree has launched the "WisdomTree Physical Stellar Lumens ETP" in Europe, the first physically-backed Stellar (XLM) exchange-traded product with a management fee of 0.50%. The ETP is already listed on the SIX Swiss Exchange and Euronext Paris and Amsterdam, and will be listed on Xetra Germany on October 15th. WisdomTree claims this product is the lowest-cost physical XLM ETP in Europe, designed to provide institutions with regulated access to the Stellar network's native assets. The Stellar network, renowned for its efficient cross-border payments and tokenized asset issuance, currently partners with over 69 regulated financial institutions globally.