DeFi
DeFi Technologies Subsidiary Valour Inc. Launches World’s First CORE ETP and Expands World’s First Hedera ETP to Shine a Light on the Stock Market
- Launch of the first ETPs on Spotlight Stock Market: Valor Inc., the subsidiary of DeFi Technologies, presents the world’s first BASIC FTE and enlarges 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 Valor CORE ETP provides exposure to the native Core blockchain token with its unique Satoshi Plus consensus mechanism, while the Valor Hedera ETP provides access to Hedera’s energy-efficient HBAR cryptocurrency, both enhancing the Valor’s product portfolio.
- Strengthening strategic collaborations: The launch signifies a deep collaboration with the Core Foundation and follows the successful introduction of the Valor Bitcoin Staking ETP, underscoring Valor’s commitment to delivering cutting-edge digital asset investment products.
TORONTO, June 28, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “DeFi Technologies”)Business” Or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a crypto-native technology company that is pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), proudly announces that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“AND P“) which offer simplified access to digital assets, has launched two new ETPs: the Valor CORE (CORE) ETP 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) provides investors with 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 (“delegated proof of work”).“Directed work project”) with the scalability and flexibility of Ethereum’s delegated proof of stake (“DPoS »). This innovative approach ensures a robust and efficient blockchain infrastructure. 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, underlining Valor’s commitment to offering a wide range of investment products in cutting-edge digital assets. Additionally, this launch signifies a deep collaboration with the Core Foundation.
In addition to the Valour CORE ETP, Valour is also expanding its offering with the world’s first ETP Valour Hedera (HBAR), which was initially launched on the Frankfurt Stock Exchange (certificate). The Valour Hedera (HBAR) ETP (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 move underlines our commitment to providing investors with innovative and accessible digital asset investment opportunities. Introducing these ETPs to 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 excited to launch our new ETP segment with Valor at Spotlight. Valor has proven to be a leading and innovative provider of digital assets, which is why we are extremely happy and proud to welcome Valor 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 system, implementing the Nasdaq INET Nordic system. , allows us to offer trading in different ETPs, which has been in demand from several companies for an extended period of time,” said Anders Kumlin, CEO of Spotlight Stock Market.
“We are delighted to introduce Valour Hedera (HBAR) and Valour CORE to the Nordics,” added Johanna Belitz, Head of Nordics. “Valour CORE (CORE) SEK stands out as the first ETP in the world to have 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: DEFTF) is a financial technology company that is pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing on cutting-edge Web3 technologies, DeFi Technologies aims to provide investors with widespread access to the future of finance. Supported by a team of esteemed 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 exchange-traded products (“AND P”) that 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 segment 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 1Valour Bitcoin Physical Carbon Neutral AND P, 1Valour Ethereum Physical StakingAnd Physical Staking of Internet Computers 1ValourValor 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), Cardan (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 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 underlying assets. For more information about Valour, to subscribe, or to receive updates and financial information, visit value.com.
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, the Valor Hedera ETP (HBAR); Hedera HBAR; Valor CORE ETP; listing of the ETPs on the Spotlight Stock Market; development of ETPs; future demand for ETPs; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the potential merits or returns of such 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 from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, acceptance of the ETPs by exchanges; the growth and development of the decentralized finance and cryptocurrency industry; rules and regulations regarding decentralized finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. 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 as 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. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information, except in accordance with applicable securities laws.
CBOE CANADA EXCHANGE DISCLAIMS ANY 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.
SOURCE DeFi Technologies Inc.