Deutsche Boerse launches Solana and Polkadot ETNs by VanEck

German stock market operator Deutsche Boerse continues diving into the cryptocurrency derivatives by listing three new crypto exchange-traded notes (ETN) by VanEck.

Deutsche Boerse officially announced on Tuesday that VanEck’s new ETNs on Polkadot’s DOT, Solana (SOL) and Tron (TRX) are now tradable on its digital stock exchange, Xetra, and the Frankfurt Stock Exchange.

The new listings expand Deutsche Boerse’s crypto ETN offerings as the company previously started offering similar products on cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC), the firm noted.

“All crypto ETNs tradable on Xetra are physically collateralized and listed on the Regulated Market of the Frankfurt Stock Exchange,” the announcement reads.

According to Deutsche Boerse, investors can purchase crypto ETNs similar to shares or exchange-traded funds (ETF) without needing to set up crypto wallets. “Through central clearing, institutional investors also benefit from significantly reduced risks in settlement of transactions,” the firm added.

Related: Deutsche Boerse-owned Eurex debuts Bitcoin futures trading

VanEck noted in its own announcement that the new products follow previous launches of exchange-traded products on Bitcoin and Ether. “Further ETNs are now following in order to open up the future market of cryptocurrencies for European investors. With this step, the accomplished ETF provider further expands its pioneering role for innovative and future-oriented investment solutions,” the firm wrote.

The news comes amid Deutsche Boerse actively expanding the range of supported crypto derivatives products across its operated exchanges. On Sept. 13, Deutsche Boerse’s derivatives exchange, Eurex, debuted crypto derivatives trading with ETC Group’s Bitcoin (BTC) ETN futures product. Earlier this year, Xetra debuted trading of Ether-based ETPs by ETC Group.