According to PANews, asset management firm WisdomTree has introduced the 'WisdomTree Physical Stellar Lumens ETP' in Europe, marking the first physically-backed Stellar Lumens (XLM) exchange-traded product. The ETP carries a management fee of 0.50% and is now listed on the Swiss SIX Exchange, as well as the Paris and Amsterdam Euronext. It is set to debut on Germany's Xetra on October 15. WisdomTree claims this product is the most cost-effective XLM physical ETP in Europe, designed to provide institutions with a compliant investment channel for native assets of the Stellar network. Known for its efficient cross-border payments and tokenized asset issuance, the Stellar network has partnered with over 69 regulated financial institutions globally.