Annual staking rewards:

4%

Polkadot logo

The protocol that connect blockchains

Polkadot is an innovative blockchain technology designed to connect multiple specialized blockchains into a single, unified network. It aims to achieve true interoperability and scalability by enabling different blockchains to communicate, share data, and process transactions seamlessly. This approach enhances the functionality and efficiency of individual blockchains while maintaining high security and decentralization. Polkadot represents a significant advancement in blockchain technology, addressing the limitations of earlier networks and paving the way for a more interconnected and scalable future.

Polkadot Key Features:

Bridging Blockchains

Polkadot is an innovative, multi-chain blockchain platform that enables diverse blockchains to transfer messages and value in a trust-free fashion. Developed by Web3 Foundation, Polkadot aims to enable a completely decentralized web where users are in control. It facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.

Enhanced Flexibility and Scalability

Polkadot's unique feature is its ability to support multiple chains within a single network, known as parachains. These parachains can have their own tokens and be optimized for specific use cases, yet they benefit from the shared security of the Polkadot network. This makes Polkadot highly flexible and scalable, accommodating a variety of blockchains with different characteristics.

Polkadot 2.0

Polkadot 2.0 is an upcoming major upgrade to the Polkadot blockchain network, introducing a more flexible, market-driven system for allocating network resources such as blockspace and computational power. This enables the system to better manage its computational resources based on actual demand, optimizing efficiency. Polkadot 2.0 marks a shift from a chain-focused ecosystem to an application-focused one, opening new horizons for decentralized applications. This makes it simpler, safer, and more economical to scale projects as needed.

Symbol

Benefits of Staking

Rewards:
Just like a bank gives you interest for keeping your money with them, staking gives you rewards in the form of additional cryptocurrency.

Passive Income:
Once you've staked your cryptocurrency, you can earn rewards without doing anything. This can be seen as a form of passive income.

Network Participation:
Staking plays a vital role in the network in order for a blockchain to work. The more people that participate in staking, the more secure the network become.

How does staking work in our product?

Polkadot is staked directly from cold-storage at our custodian Coinbase.

Staking rewards are continuously paid out in the form of new Polkadot.

New Polkadot is continually added to the product, resulting in the additional staking yield being reflected in the ETP's daily price.

This leads to Virtune Staked Polkadot ETP providing exposure to Polkadot with enhanced yield through staking.

Safety measures for you as an investor

Non-custodial staking

We utilize non-custodial staking, which means that we only stake directly from cold storage. This implies that under no circumstances do we transfer cryptocurrencies to any third party outside our control.

Collateral Agent

Virtune employs a Collateral Agent whose purpose is to protect and represent investors in our products. The cryptocurrencies held in cold storage (offline) at Coinbase are separate from Virtune's balance sheet.

Liquidity

We stake a maximum of 40% of the Polkadot holdings while 60% remains unstaked. This results in the product being freely tradeable without any lock-in period.

Physically backed

Our product is 100% physically backed, meaning that we always store Polkadot with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.

Secure

Virtune Staked Polkadot ETP provides exposure to Polkadot through a 100% physically backed and regulated investment product listed on Nasdaq Stockholm. Coinbase, the global leader in institutional custody solutions, serves as the custodian for securely storing Polkadot in cold-storage.

Traded directly

This product allows you to expose yourself to Polkadot in as straightforward a manner as trading a stock through your online broker. Your investment in Polkadot is managed alongside your other securities investments. Additionally, the product can be held in your ISK (Investeringssparkonto) or capital insurance, potentially providing tax advantages.

Historical Performance

Last updated: 2024-06-17

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VIRDOT

Disclosed Polkadot holdings for increased transparency

Virtune has, as part of its effort to be fully transparent, published our Polkadot holdings and our public wallet address. This allows investors to independently verify on the blockchain that our product is always 100% backed by Polkadots.

Last updated: 2024-06-17

How to invest

Our products can be traded through a regular account with several online brokers.

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Key information and documents

Product information
1.49%
VIRDOT SS
SE0021148129
Virtune AB (Publ)
N/A
Product Statistics

Last updated : 2024-06-17

$1 725 196
2759284
$0.63
2024-01-10
0.10109027
Partners
Coinbase Custody Trust Company, LLC
Flow Traders B.V.
Flow Traders B.V
The Law Debenture Trust Corporation PLC
Formidium Corp.
Relevant documents
Exchange information
ExchangeExchange codeMarket MakerListing dateBloomberg code
Nasdaq StockholmVIRDOTFlow Traders B.V.2024-01-10VIRDOT
Historical Performance

Last updated : 2024-06-17

YearQ1Q2Q3Q4YTD
2024 -27.26% -10.68%

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Frequently asked questions

Swedish company

Virtune is a Swedish company with Swedish owners and with its seat on Kungsgatan 26, Stockholm.

Trusted partners

Virtune cooperates with international and market-leading partners to create secure and innovative investment products.

Financial institution

Virtune is a financial institution registered with the Swedish FSA to manage and trade cryptocurrencies.

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Virtune logo

We are Virtune

Our name, Virtune, is a combination of the words ”virtual” and ”fortune”. We strongly believe that the future of the crypto market holds exciting potential. Through traditional financial products traded on stock exchanges, we provide both institutional and retail investors with access to the world of crypto. This is the Virtune way.