DeFi
DeFi Technologies subsidiary Valor Inc. launches global launch
- Launch of the world’s first yielding Bitcoin (BTC) ETP: Valor Inc. and Core Foundation collaborate to list the world’s first yield-producing Bitcoin (BTC) ETP on the Nordic Growth Market (NGM) exchange with a 1.9% management fee, providing investors with exposure to Bitcoin with a yield of 5.65%.
- Powering Valor Bitcoin Staking (BTC) SEK ETP with Core Blockchain: The Core blockchain network, powered by Bitcoin, forms the basis of Valor Bitcoin Staking (BTC) SEK ETP (ISIN: CH1213604536), providing Ethereum Virtual Machine (EVM) compatibility and innovation Satoshi Plus Consensus Mechanism to improve security and scalability.
- Investing made simple with Valor Bitcoin Staking (BTC) SEK ETP: Valor Bitcoin Staking (BTC) SEK ETP streamlines Bitcoin investing by delegating Bitcoins to core validators, yield is allocated daily to the net asset value (NAV). This innovative product ensures custodial control and security while providing investors with a substantial return without requiring them to sell or exchange their Bitcoin holdings.
TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF), a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), is pleased to announce that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“AND P“) which provide simplified access to digital assets, launched the world’s first yielding Bitcoin (BTC) ETP in collaboration with the Basic Foundation, an organization dedicated to the development of the Core blockchain network (“Core Chain”). This offering provides investors with exposure to Bitcoin with a yield of 5.65% on the Nordic Growth Market (NGM) exchange.
The Core blockchain network is a Bitcoin-powered layer one blockchain for EVM-enabled smart contracts. With 50% of Bitcoin mining hash power contributing to Core’s security in exchange for unlocking Bitcoin utility and rewards, Core Chain is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more) .
Trading Valor Bitcoin Staking (BTC) SEK ETP (ISIN: CH1213604536) debuted on May 10, 2024 with a management fee of 1.9%, marking a historic moment as the first yielding Bitcoin ETP of its kind in the world. This innovative offering allows investors to gain exposure to Bitcoin while benefiting from a remarkable yield of 5.65%, all without the need to sell or trade Bitcoin directly.
Valor Bitcoin Staking (BTC) SEK ETP simplifies investing in the world’s best-known digital asset, making it easier and safer for investors to participate in Bitcoin’s potential upside. Yield is allocated daily to net asset value (NAV), providing investors with yield without the need to sell or exchange their Bitcoin holdings.
Valor Bitcoin Staking (BTC) SEK ETP generates yield by delegating Bitcoins to a validator on the main chain via native, non-custodial Bitcoin staking. Bitcoins staked receive staking rewards in the form of CORE tokens, which are then reinvested in the product.
Core Chain, the underlying blockchain, is a Bitcoin-powered, decentralized, secure and scalable Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM). It is supported by Bitcoin’s Proof of Work (PoW) through a unique consensus mechanism known as “Satoshi Plus”. This mechanism allows Bitcoin miners to delegate their PoW (DPoW) to core validators without affecting their future Bitcoin rewards, unlocking the potential of Bitcoin-secured decentralized applications.
Despite Bitcoin staking, security remains uncompromised. Conservation control is maintained while yield is generated. Bitcoins are staked via a specific type of native Bitcoin transaction called a “stake transaction,” which includes a lock-up period and main-chain staking details such as the Core Validator and primary reward address . During the blocking period, Bitcoins cannot be transferred or reduced. Only the owner can transfer the Bitcoins once the blocking period has expired.
“We are excited to introduce the world’s first yielding Bitcoin ETP, providing investors with an unprecedented opportunity to gain exposure to Bitcoin while earning a substantial return,” said Olivier Roussy Newton, CEO of DeFi Technologies. “The Valor Bitcoin Staking (BTC) ETP embodies our commitment to innovation in digital assets, providing investors with a transparent and secure way to participate in the growth potential of Bitcoin while providing a new path to investment to engage in the world’s first cryptocurrency.
“Core Foundation is excited to collaborate with Valor Inc. to launch the world’s first yielding Bitcoin ETP. This revolutionary product allows BTCfi to reach a wider audience and deliver sustainable returns to Bitcoin holders. Investors can now earn yield while maintaining their exposure to Bitcoin. This is made possible by non-custodial Bitcoin staking which helps secure the Core blockchain. Core Foundation is proud to be the first and most trusted ecosystem to power these new offerings, underscoring Core Chain’s position as the most Bitcoin-aligned blockchain,” said Brendon Sedo, Lead Contributor.
About DeFi technologies
DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing specifically on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join the DeFi Technologies digital community on Linkedin And Twitterand for more details visit https://defi.tech/
About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues products traded on an exchange (“AND P “) which allow individual and institutional investors to access digital assets like Bitcoin simply and securely through their traditional bank account. Valor is part of the asset management business segment of DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).
In addition to their new physical-backed digital asset platform, which includes 1Valor Bitcoin Physical Carbon Neutral AND P, 1Valor Ethereum physical stakingAnd Physical Staking of 1Valour Internet Computers, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (United), Cardano (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TONNE), computer Internet (PCI), Chain link (LINK) Enjin (ENJ), Valor Bitcoin Staking (BTC), carbon-neutral Bitcoin (BTCN), Valor 10 Digital Asset Basket (VDAB10) And 1Valor STOXX Bitcoin Switzerland Blue Chip Digital Asset ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment products fully hedged with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings.
For more information about Valor, to subscribe, or to receive updates and financial information, visit value.com.
About reflexivity research
Reflexivity Research LLC is a leading research firm specializing in creating high-quality, in-depth research reports for the bitcoin and cryptocurrency industry, providing investors with valuable insights. For more information, please visit https://www.reflexivityresearch.com/
About the main channel
The Core blockchain network is a Bitcoin-powered layer one blockchain for EVM-enabled smart contracts. With 50% of the hashing power of Bitcoin mining Contributing to the security of Core in exchange for unlocking Bitcoin utility and rewards, Core is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more). This breakthrough brought together a massive community of 2.2 million Twitter followers and 250,000 Discord members, resulting in millions of lead adopters, over 15 million unique addresses, and 230 million transactions since the mainnet launched in January 2023.
Cautionary Note Regarding Forward-Looking Information: This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, future development and ETP enrollments; staking of Bitcoin within the Core Chain; development and management of a validator node on the Core Chain; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor ETPs by exchanges and regulatory authorities; the growth and development of the DeFi and cryptocurrency sector; rules and regulations regarding DeFi and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or planned. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DISCLAIMS ANY RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For more information, please contact:
Olivier Roussy-Newton
General manager
ir@defi.tech
(323) 537-7681
A photo accompanying this announcement is available on https://www.globenewswire.com/NewsRoom/AttachmentNg/64facd4a-52e3-4a74-8c5a-bd8ceeabac94
