VanEck has launched a new exchange-traded note (ETN) in Europe that tracks the Pyth Network's native token, PYTH, available on Euronext Amsterdam and Paris, reaching investors in 15 countries. The ETN aligns with the MarketVector Pyth Network VWAP Close Index and is fully collateralized with physical PYTH tokens held by Bank Frick. CEO Martijn Rozemuller highlighted the significance of oracle networks in enhancing blockchain-based smart contracts within the financial sector.
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