Benzinga | Jan 19, 2021 08:31AM EST

ZK International Subsidiary, xSigma Corporation, Announces ETF-Like Decentralized Fund And Platform

WENZHOU, China, Jan. 19, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (NASDAQ:ZKIN) ("ZKIN", "ZK International" or the "Company"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce its ETF-like decentralized fund and platform, which is the second DeFi project in xSigma's ecosystem. The project's website: https://xsigma-etf.com.

The announced ETF-like protocol will be a decentralized fund based on Ethereum blockchain, that will diversify between major crypto assets related to the DeFi space. In addition, it will provide a platform that will enable others to create indexes and it will be branded and known as xTF by xSigma.