Rize ETF unveils fund targeting 'structural transition' towards cashless economy

Digital wallets, payments and currencies

Rize ETF has unveiled a fund targeting the digital payments economy that seeks to provide investors exposure to businesses involved in the “structural transition” away from traditional cash payments.

The ETF will invest in companies expected to benefit from a "cross-generational" shift towards a cashless society through the use of digital wallets, digital payments and digital currencies. Rize ETF launches Environmental Impact ETF to tackle climate change Companies in the portfolio focus on areas such as card payment networks, biometric technology, facial recognition and payment infrastructure providers, as well as cryptocurrency "pioneers", the London-based firm said. According to research by Deutsche Bank, the number of digital wallet users worldwide is expected to increase fr...