Amplify Launches ETFs for Stablecoins And Tokenization

Digital asset manager Amplify has launched two exchange-traded funds tracking blockchain projects across stablecoins and tokenization.ย 

The company said on Tuesday that its Amplify Stablecoin Technology ETF (STBQ) and Amplify Tokenization Technology ETF (TKNQ) both went live on the NYSE Arca exchange.

Both funds track a diversified index of companies working on products or infrastructure, along with projects that generate revenue from tokenization and stablecoins.

โ€œThese new ETFs expand Amplifyโ€™s lineup at a time when the infrastructure behind stablecoins and the growth of tokenization are shaping the next phase of digital finance,โ€ the company said.

Source: Amplify ETFs

Stablecoins and tokenization have been among the most popular themes in crypto this year, with the US passing laws that have given institutions confidence to launch stablecoins, and regulators opening dialogue on how they should treat assets such as tokenized stocks.

Amplify said its stablecoin-focused ETF tracks shares of companies โ€œgenerating significant revenue from payments technology, digital asset infrastructure, and trading platforms.โ€

It holds shares in companies working on stablecoins such as Visa, Circle, Mastercard and PayPal, alongside crypto ETFs from Grayscale, iShares and Bitwise.

The firm pointed to regulatory developments in the US and EU, noting that the โ€œGENIUS Act in the US and MiCA in Europe are positioning stablecoins as the compliant backbone of digital finance.โ€

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Meanwhile, the tokenization fund includes exposure to BlackRock, JPMorgan, Figure Technology Solution, Citigroup and the Nasdaq, which all have made tokenization plays over the past few years as they seek opportunities to digitize traditional financial services.ย