DeFi
DeFi Technologies Subsidiary Valor Inc. Launches World’s Most Powerful Crypto Trading Platform
- Launch of the first ETPs on Spotlight Stock Market: DeFi Technologies subsidiary Valor Inc. presents the first Base FTE and extends the first in the world ETP Hedera (HBAR) at the Stock Market Spotlight, marking the first ETP offerings on this exchange.
- Innovative and diversified investment opportunities: The Valour CORE ETP provides exposure to the Core blockchain’s native token with its unique Satoshi Plus consensus mechanism, while the Valour Hedera ETP provides access to Hedera’s energy-efficient HBAR cryptocurrency, both enhancing Valour’s product portfolio.
- Strengthening strategic collaborations: The launch signifies an in-depth collaboration with the Core Foundation and follows the successful introduction of the Valor Bitcoin Staking ETP, highlighting Valor’s commitment to providing cutting-edge digital asset investment products.
TORONTO, June 28, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “DeFi Technologies”)Business” Or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a crypto-native technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), proudly announces that its subsidiary Valor Inc. (“Value“), a leading issuer of exchange-traded products (“AND P“) which offer simplified access to digital assets, has launched two new ETPs: the ETP Valor CORE and the Valor Hedera (HBAR) ETPon the Spotlight exchange in Sweden. These launches mark the first ETP offerings for Spotlight, as well as an important milestone in Valour’s mission to provide retail and institutional investors with simple and secure access to leading digital assets.
Valor CORE (CORE) SEK (ISIN: CH1213604593) offers investors exposure to the Core blockchain’s native token, CORE. Core Chain’s Satoshi Plus consensus mechanism uniquely combines the decentralization and security of Bitcoin’s delegated proof of work (“PoW”)DPoW”) with the scalability and flexibility of Ethereum’s delegated proof of stake (“DPoS“). This innovative approach ensures a robust and efficient blockchain infrastructure. The Valor CORE (CORE) SEK tracks the price of CORE, providing a transparent and simple investment opportunity. This expansion follows the successful launch of the Valor Bitcoin Staking ETP, highlighting Valor’s commitment to offering a broad range of cutting-edge digital asset investment products. Additionally, this launch signifies an in-depth collaboration with the Core Foundation.
In addition to the Valour CORE ETP, Valour is also expanding its offering with the world’s first Valour Hedera ETP (HBAR), which was initially launched on the Börse Frankfurt (Zertifikate). The Valour Hedera ETP (HBAR) (ISIN: CH1213604585) provides secure and simple access to Hedera’s native cryptocurrency, HBAR. Hedera is renowned for its energy-efficient public distributed ledger technology, which uses asynchronous and leaderless Byzantine fault tolerance (“aBFT“), hashgraph consensus algorithm. With a market capitalization of approximately US$3.7 billion, HBAR ranks among the top 30 digital assets in the world. This ETP aligns with Valor’s broader strategy to expand the availability of digital asset products on traditional exchanges.
“We are excited to launch the first ETP offerings on the Spotlight exchange with the Valor Core and Hedera ETPs,” said Olivier Roussy Newton, CEO of DeFi Technologies. “This initiative underlines our commitment to providing investors with innovative and accessible digital asset investment opportunities. Listing these ETPs on a new exchange not only expands our reach, but also strengthens our mission to bring traditional finance closer to the rapidly evolving world of decentralized finance. »
Founded in 1997, the Spotlight exchange aims to simplify, secure and make the listing process of growing companies more visible. With a focus on accessibility and visibility, Spotlight aims to become the leading marketplace in the Nordic region. The exchange supports innovative and high-growth companies, providing them with the visibility and security needed to attract investors. This ambition fits perfectly with Valor’s objectives to increase the availability and simplicity of investments in digital assets. The listing of Valor ETPs on the Spotlight exchange highlights the importance of this platform in supporting innovative financial products.
“We are delighted to launch our new ETP segment with Valour on Spotlight. Valour has proven to be a leading and innovative provider of digital assets, which is why we are extremely pleased and proud to welcome Valour to our exchange. Spotlight Stock Market’s long-term strategy is to expand our offering to investors and listed companies, both in terms of international trading and product range. Our recent trading exchange system, implementing the Nasdaq INET Nordic system, allows us to offer trading on various ETPs, which has been a request from several companies for an extended period,” said Anders Kumlin, CEO of Spotlight Stock Market.
“We are pleased to introduce Valor Hedera (HBAR) and Valor CORE in the Nordics,” added Johanna Belitz, Head of Nordics. “Valor CORE (CORE) SEK stands out as the world’s first ETP featuring CORE as an underlying asset, marking an important milestone in our offering. This addition not only enhances our product portfolio, but also reaffirms our commitment to offering innovative and diversified investment opportunities. Exciting times ahead!”
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFAULT) 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 retail 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 line of DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFAULT).
In addition to their new digital asset platform backed by physical media, which includes 1Valor Bitcoin Physical Carbon Neutral AND P, 1Valour Ethereum Physical StakingAnd 1Valor Internet Computer Physical StakingValor offers fully hedged digital asset ETPs with low to zero management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product range includes Valor Uniswap (United), Gimbal (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TONNE), computer Internet (PCI), Chain link (LINK), Heart (HEART), Enjin (ENJ), Valor Bitcoin Staking (Bitcoin), Bitcoin Carbon Neutral (BTCN), Hedera (HBAR), Valor 10 Digital Asset Basket (VDAB10) And 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour’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 valor.com.
Caution 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, Valor Hedera ETP (HBAR); Hedera HBAR; the Valor CORE ETP; the listing of ETPs on the Spotlight stock market; the development of ETPs; future demand for FTEs; the regulatory environment regarding the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its affiliates of commercial opportunities; and the merits or potential returns of these opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different. different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, the acceptance of ETPs by exchanges; the growth and development of the decentralized finance and cryptocurrencies sector; rules and regulations relating to decentralized finance and cryptocurrencies; 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 to differ materially from those anticipated, estimated or intended. 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 ACCEPT NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Disclaimer: The Hedera logo and brand are used to refer to the Hedera network and its native cryptocurrency, HBAR. Hedera is a registered trademark of Hedera Hashgraph, LLC, all rights reserved. Hedera nor any member of Hedera’s board of directors participated in the creation of this regulated ETP in Europe.
For more information, please contact:
Olivier Roussy-Newton
General manager
ir@defi.tech
(323) 537-7681