Plusplus Frankencoin Certificate
A Swiss tracker certificate providing exposure to ZCHF, a Swiss franc-denominated stablecoin from the Frankencoin protocol that seeks to maintain a value close to CHF.
Historical performance
Product in subscription period. Track record not yet available.
Investment strategy · Passive
Provide regulated access to ZCHF exposure through standard securities infrastructure
The objective is to track the performance of the Underlying as closely as possible. The product provides passive, rule-based exposure. The Issuer appoints Plusplus AG as Transaction Manager to execute conversions strictly in accordance with predefined, rule-based instructions. No discretion is exercised at any stage of the conversion process. The product may reflect protocol-defined mechanisms at the Frankencoin protocol level, which may result in variable, non-guaranteed distributions.
- Total return structure with reinvestment in NAV; no distributions guaranteed.
- ZCHF is not legal tender, is not issued or guaranteed by any central bank, and does not represent a claim for redemption at par in Swiss francs.
- Subscriptions and redemptions process daily on Business Days (Monday to Friday); the Issuer may limit or suspend redemptions where ZCHF liquidity or conversion processes are constrained.
Security and investor protection
The underlying crypto assets are held in segregated wallet custody on behalf of Helveteq AG. The collateral is pledged in favour of an independent Security Agent for the benefit of investors, with the pledge perfected through an Account Control Agreement under Swiss law (Art. 25 FISA). In an issuer default, the Security Agent may enforce the collateral in accordance with the transaction documents. Collateralisation mitigates issuer credit risk but does not eliminate it. The product offers no capital protection. Enforcement and recoveries may take time and amounts recovered may be lower than the outstanding investment.
About the strategy originator
Plusplus AG · Zug, Switzerland
Plusplus AG, Zug, acts as Originator and Transaction Manager for the Plusplus Frankencoin Certificate. The firm executes the conversion between CHF and ZCHF on a strictly non-discretionary, rule-based basis, supporting the operational infrastructure of the product.
KEY DATA
Up to 100,000 Securities (with reopening clause)
The Issuer reserves the right to increase the issue size. Any additional issuance will be at the Issuer's discretion and priced by the Calculation Agent. Investors will be informed in accordance with applicable regulations.The Issuer limits or suspends redemptions on liquidity constraints
The Issuer limits or suspends redemptions on an Investor Redemption Date where liquidity constraints relating to ZCHF or conversion processes make the orderly execution of redemptions temporarily impracticable.
The Issuer will also temporarily suspend redemptions in the event of exceptional market or operational conditions.
Documentation
Subscribe through your own bank.
You don't buy from Helveteq. You instruct your own bank or broker to buy the ISIN, like any other security. The steps for this product are laid out for you.
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Investor protection
- Fully collateralised tracker certificate
- Collateral pledged in favour of investors
- Independent Security Agent
- Pledge perfected through Account Control Agreement
- Issuer credit risk mitigated but not eliminated
Regulatory framework
- Base Prospectus approved by SIX Exchange Regulation Ltd., Reviewing Body within the meaning of FinSA
- Annual independent audit; financial statements prepared under IFRS standards
- Not a collective investment scheme under CISA
- Issuer not subject to FINMA supervision
Transparency
- Issued from Helveteq AG balance sheet
- Collateral held in segregated accounts for the benefit of investors
- Total return structure with reinvestment in NAV; no distributions
- Fully Swiss setup, issuer and instruments