WisDomtree has launched a physically backed exchange product tied to Stellar Lumens (XLM) throughout European areas, which sets the cost management ratio to 0.50%, according to a press release shared by the asset manager at CoinDesk on Tuesday.
Called the Wisdomtree physical stellar lumens etpThe product provides exposure to the price of the area of the lumens through a physically supported structure.
The ETP was listed in six Swiss Exchange and Euronext in Paris and Amsterdam launch, with a list of Deutsche Börse Xetra planned for October 15. WisDometree described a 0.50% fee as the lowest costs physically backed lumens ETP in Europe; CoinDesk is unable to unite to verify compete fees.
The firm is positioning the vehicle as a grade-institutional route to Stellar’s native asset and said it joined a lineup that began in 2019 with a physically backed bitcoin ETP.
On the network, WisDomtree recognizes Stellar as a high-functioning layer-1 aimed at modernizing cross-border payments and tokenization-asset issuance. The release features the Stellar Consensus Protocol-described as good energy and based on federated voting by the public recognizable validators-and the records of the wise contracts were introduced in 2024. The company also pointed to integration with more than 69 regulated financial institutions across 170+ countries for Fiat-Crypto Bridging.
“Stellar is one of the most established blockchains in the world, with a clear focus on solving real-world problems with the payments and finances of the lumens. In WisDomtree.
As for the press time, according to CoinDesk data, XLM exchanged around $ 0.3251, down 6.4% in the past 24 hours.
