Crypto Assets available in the Wealth App

Currently there are 3 types of crypto assets could be bought or exchanged via the Wealth App:

BTC

Bitcoin is a digital asset used for secure transfers of value anywhere in the world. It is an open network which is managed by its users and not controlled or issued by any bank or government. The value of a bitcoin is not tied to the value of any other currency. Bitcoin is traded for dollars, euros, francs, and other currencies in real time 24/7, therefore, the price can fluctuate depending on the demand for buying or selling bitcoin. 

ETH

Ethereum tokens (ether or ETH) are the digital assets that exist on top of the Ethereum blockchain. It functions like cash but ether is not exactly a digital asset. It should rather be considered as “fuel” (gas) for the applications on the Ethereum network.

CHSB

The CHSB token, the official SwissBorg Token, is a multi-utility token used to participate in the SwissBorg ecosystem. It is the key to the SwissBorg platform.

USDC

USDC is a stablecoin which is pegged to the US dollar. It is managed by Circle and Coinbase. USD coin is backed by fully reserved assets, you can redeem 1 USDC for US$1.00.

PAX Gold

PAX Gold is backed by actual gold vaults in London, which render it redeemable for physical LBMA accredited gold (London Good Delivery gold bar, stored in Brink’s gold vaults).

ENJ

Enjin is building a holistic ecosystem of blockchain products that allow game developers and studios to utilize tokenized digital assets as part of their acquisition, retention, engagement and monetization strategies. Enjin’s ecosystem is fueled by ENJ, a utility token used to directly back the value of Enjin-powered blockchain assets.