Euroclear Sweden affiliates the world's first regulated security tracking the value of bitcoin
On 13 May for the first time in history, we affiliated a certificate based on the digital currency bitcoin.
Last Monday 18 May, the security was introduced for the very first time on the Nasdaq OMX Stockholm exchange. The security, Bitcoin Tracker One, is traded in Swedish crowns and was is issued by the Stockholm-based company XBT Provider. The certificate is registered like any other security, either on a securities account with Euroclear Sweden or on an account with a nominee (a bank or broker).
Bitcoin is a currency that´s not backed by any government or central bank and floats freely, fluctuating according to user demand.