Litecoin & Certificate - an interesting symbiosis

Litecoin & Certificate - an interesting symbiosis

22 July 2019

Vontobel now offers investors access to the crypto currency "Litecoin" via a tracker certificate. The certificate is listed on the stock exchange and enables investors to participate easily and transparently in the price development of Litecoin.

For many investors, the market for crypto currencies has been an interesting and novel investment alternative for years. Vontobel was one of the first issuer in Sweden to make the simple and transparent investment in popular crypto currencies available to all investors via tracker certificates on Bitcoin, Ether and Ripple (XRP). With the issue of the tracker certificate in the crypto currency «Litecoin», investors in Sweden are offered a further alternative to participate in the development of the crypto market.

Tracker Certificate on Litecoin: How it works

With the Vontobel tracker certificate, investors participate in the price performance of Litecoin (LTC) without having to have access to the Litecoin network or a «Litecoin Wallet» themselves. Accordingly, investors do not bear the risk of losing Litecoin due to hacker attacks, technical problems, improper handling or the failure of the Litecoin depositary. However, as with most tracker certificates offered, investors bear the risk of the issuer's insolvency in addition to the market price risk of the underlying asset and the currency risk (Litecoin is determined in USD while the certificate is denominated in SEK).

Product details

Vontobel is now offering the tracker certificate on Litecoin with no maturity date - a so-called tracker certificate open-end (Symbol: TRACK LITECOIN VON; ISIN: SE0012827582). The product enables unlimited* participation of almost 1:1 in price gains and losses of the Litecoin. The well-known virtual marketplaces CoinBase Prime, BitStamp and Kraken serve as «reference agents» for the tracker certificate in the crypto currency «Litecoin» in US dollars. The first trading day of the new Open End Certificate on the stock exchange was on Monday, 1st July 2019. From this date, investors are able to trade the certificate in the secondary market via their bank or broker and purchase or sell it at the respective bid/ask price.  

Information about the underlying

Litecoin (symbol: Ł or LTC) is a digital currency that enables peer-to-peer money transfers in real time and almost free of charge. It is a worldwide and decentralized open source payment network without a central authority with many similarities to Bitcoin. Litecoin was introduced in 2011 and it is the oldest crypto currency after Bitcoin. Compared to its "big brother" Bitcoin, Litecoin offers faster transaction times (2.5 minutes compared to 10 minutes in the Bitcoin network) and improved storage capacity. It is therefore the perfect supplement to the most popular crypto currency.

In order to make it easier for investors and interested parties to enter the Ripple universe, a special series on the functioning, background and development possibilities of Ripple will be published in the coming weeks.


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

Important legal information

Legal notice

The products are not capitalprotected, in the worst case a total loss of the invested capital is possible. In the event of insolvency of the issuer and the guarantor, the investor bears the risk of a total loss of his investment. In any case, investors should note that past performance and / or analysts' opinions are no adequate indicator of future performance. The performance of the underlyings depends on a variety of economic, entrepreneurial and political factors that should be taken into account in the formation of a market expectation.

27/11/2020 10:02:41


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