Kleinwort Hambros has launched a blockchain note to give investors exposure to companies most likely to benefit from the adoption of distributed ledger technology.
The new Luxembourg-listed, actively managed exchange-traded note (ETN) will be available exclusively to existing and prospective clients for a minimum inestment of £1000.
The initial basket of stocks will include companies selected to benefit from the potential growth of blockchain, either through the sale of software services, or through the improvement in margins that the installation of the technology may produce.
The portfolio of stocks will initially comprise of 20 names diversified across industries and countries, and will be drawn from sectors including technology, shipping, oil and gas, custody banking and industrials.
John Birdwood, portfolio manager at Kleinwort Hambros, says: “We have seen increasing interest from clients in the area of blockchain. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers."