Annual staking rewards:

3%

Polygon-logo

Instant transaction verification

Polygon (formerly known as Matic Network) aims to address some of the most common issues with traditional blockchains like Ethereum, including scalability, transaction speed, and cost. By providing a multi-layered architecture supporting the development of diverse dApps, Polygon enables developers to create scalable and user-friendly applications without compromising on security. The core of Polygon's solution is its sidechains, running in parallel with the Ethereum main chain, enabling high-performance and cost-effective transactions.

Key Features of Polygon:

Enhancing Ethereum's Efficiency

Polygon MATIC optimizes Ethereum by increasing transaction speed and reducing costs through its Layer 2 solutions, making Ethereum scalable and more user-friendly.

Commitment to Eco-Friendliness

Polygon uses a Proof of Stake (PoS) mechanism which significantly cuts energy consumption compared to traditional Proof of Work (PoW) networks, promoting a greener blockchain ecosystem.

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?

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

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

New Polygon is continually added to the product, resulting in the extra yield generated from staking being reflected in the ETP's price daily.

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

Safety measures for you as an investor

Collateral Agent

Virtune employs a Collateral Agent whose purpose is to safeguard and represent investors in our products. The cryptocurrencies held in Cold Storage (offline) at Coinbase are segregated from Virtune's balance sheet.

Physically backed

Our product is 100% physically backed, meaning we always store Polygon at our custodian Coinbase at a value equivalent to at least 100% of the value of all our ETPs.

Liquidity

We stake a maximum of 70% of the Polygon holdings while 30% 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 Polygon with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.

Secure

Virtune Staked Polygon ETP provides exposure to Polygon 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 Polygon in cold-storage.

Traded directly

This product allows you to expose yourself to Polygon in as straightforward a manner as trading a stock through your online broker. Your investment in Polygon 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

No data available between the given time interval

Compare performance:

VIRPOLY

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
1.95%
VIRPOLY SS
SE0021630217
Virtune AB (Publ)
N/A
Product Statistics

Last updated : 2024-06-17

$507 668
850000
$0.60
2024-04-10
1.00009397
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 StockholmVIRPOLYFlow Traders B.V.2024-04-10VIRPOLY
Historical Performance

Last updated : 2024-06-17

YearQ1Q2Q3Q4YTD
2024 -35.18%

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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.

Trade with your ISK on

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.