100% physically backed, this ETC gives you seamless exposure to Polygon’s 'MATIC' token. Polygon is an Ethereum sidechain network that aims to provide multiple tools to improve, amongst other things, the speed of and reduce the cost of transactions on the Ethereum blockchain network.
Buy and sell like any stock or ETF through your regular broker or bank. No new account needed, just enter the ticker or ISIN on your trading platform.
The MATIC is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk.
You are legally entitled to the underlying MATIC and you can redeem the ETC for the сryptocurrency, alternatively to selling on exchange.
Issued in Germany under German regulatory oversight, the ETC’s primary listing is on SIX Swiss Exchange, one of the major exchanges in Europe.
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Coinbase Custody Trust Comany was founded in 2018 and is a custodian for digital assets. The company offers a secure, institutional-grade offline storage solution.
Coinbase Custody is an independent qualified custodian and is a fiduciary under New York state banking laws. Coinbase custody is also the first crypto custodian to be issued both the SOC 1 Type 2 and SOC 2 Type 2 reports.
All ETC assets are kept in cold wallets. Cold wallets mean that the digital wallets are not connected to the internet. This protects the wallets from hacks, unauthorized access, and other vulnerabilities.
Coinbase Custody has developed its own first-class key generation protocol to generate cold storage addresses for custody wallets.
Coinbase industry leading insurance policy protects both online and offline assets across all of Coinbase's products.