Allen & Overy advises Invesco on physically-backed Bitcoin ETN
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Harald Klett
PR & Communications Manager
Frankfurt am Main
07 December 2021
Allen & Overy is advising Invesco, in connection with the issuance of a physically-backed Bitcoin Exchange Traded Notes (Bitcoin ETN) that are listed for trading on the Frankfurt Stock Exchange (Invesco Physical Bitcoin; ISIN: XS2376095068). Invesco Digital Markets plc, based in Jersey, is the issuer of the ETN.
This is the first issuance of a physically-backed ETN linked to a cryptocurrency of the Invesco Group, one of the world's leading independent investment management companies.
The Allen & Overy team is led by partner Martin Scharnke and comprises furthermore counsel Christian Klöpfer, senior associate Valeska Karcher, associates Faria Fagirzai and Sascha Fröhlig as well as senior transaction officer Corinna Dreyer (all International Capital Markets, all Frankfurt).