DeFi Technologies' Subsidiary Valour Inc. Announces Launch of
World’s first Exchange Traded Product for the NEAR Protocol Token
- World’s First NEAR Protocol ETP Launched:
Valour Inc., a subsidiary of DeFi Technologies, has launched the
world's first Exchange Traded Product (ETP) for the NEAR Protocol
token on the Spotlight Stock Market in Sweden, providing secure and
diversified exposure to the NEAR ecosystem.
- Significant Market Impact: The NEAR Protocol
supports decentralised applications in the DeFi and NFT sectors
with high scalability, low transaction fees, and interoperability.
With a market capitalization of approximately US$5.6 billion, NEAR
ranks among the top 20 digital assets globally.
- Expansion of Product Offerings: Valour
continues to drive innovation in digital assets, launching eleven
ETPs in 2024. The company plans to introduce more digital asset
investment products in the coming months to enhance accessibility
and convenience for retail and institutional investors.
TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies
Inc. (the “Company” or “DeFi
Technologies”) (NEO: DEFI) (GR: R9B) (OTC: DEFTF), a
financial technology company that pioneers the convergence of
traditional capital markets with the world of decentralised finance
(“DeFi”), is pleased to announce that its
subsidiary, Valour Inc., and Valour Digital Securities Limited
(together, "Valour"), a leading issuer of exchange
traded products ("ETPs") that provide simplified
access to digital assets, has launched an ETP for the NEAR Protocol
token on the Spotlight Stock Market in Sweden.
The Valour Near (NEAR) ETP (ISIN: CH1213604577) provides retail
and institutional investors with trusted, secure, and diversified
exposure to the innovative and fast-growing NEAR ecosystem,
enabling participation in a decentralised web platform that aims to
redefine the future of digital finance.
One of the NEAR Protocol’s best use cases is in supporting
decentralised applications, particularly in the DeFi and NFT
sectors. Projects such as Burrow, a decentralised money market
protocol, and Mintbase, a platform for creating and selling NFTs,
are built on NEAR, NEAR’s high scalability, low transaction fees,
interoperability, and user-friendly features make it an ideal
platform for these applications, enabling a wide range of financial
services and digital asset management with enhanced performance and
accessibility. With a market capitalisation of approximately US$5.6
billion, NEAR ranks among the top 20 digital assets globally.
"By launching the world's first Valour NEAR ETP, we’re giving
investors an extraordinary chance to dive into the revolutionary
NEAR Protocol, known for its transformative impact on DeFi and
NFTs. This ETP offers a secure and straightforward way to invest in
a leading digital asset, seamlessly bringing the future of
decentralised finance into their portfolios," says Elaine Buehler,
Head of Product.
This is Valour’s third ETP listed on the Spotlight Stock Market
in Sweden in recent weeks, following the launches of Core (CORE)
and Hedera (HBAR) ETPs. The Spotlight Stock Market is part of
Spotlight Group AB, founded in 1997 and is headquartered in Malmo,
Sweden, and has recently developed its ETP segment, with Valour
contributing to this effort through its unique offerings.
Valour continues to lead the way in driving innovation in
digital assets and expanding its product portfolio to meet the
evolving needs of investors in the Nordics. With the addition of
the Valour NEAR ETP, Valour has launched eleven ETPs in 2024. The
Company plans to introduce a wide range of digital asset investment
products in the coming months to further increase accessibility and
convenience for retail and institutional investors.
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a
financial technology company that pioneers the convergence of
traditional capital markets with the world of decentralized finance
(DeFi). With a dedicated focus on industry-leading Web3
technologies, DeFi Technologies aims to provide widespread investor
access to the future of finance. Backed by an esteemed team of
experts with extensive experience in financial markets and digital
assets, we are committed to revolutionising the way individuals and
institutions interact with the evolving financial ecosystem. Join
DeFi Technologies’ digital community on Linkedin and Twitter, and
for more details, visit https://defi.tech/
About Valour
Valour Inc. and Valour Digital Securities Limited (together,
“Valour”) issues exchange traded products
(“ETPs”) that enable retail and institutional
investors to access digital assets like Bitcoin in a simple and
secure way via their traditional bank account. Valour is part of
the asset management business line of DeFi Technologies Inc. (CBOE
CA: DEFI) (GR: R9B) (OTC: DEFTF).
In addition to their novel physical backed
digital asset platform, which includes 1Valour Bitcoin Physical
Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour
Internet Computer Physical Staking, Valour offers fully hedged
digital asset ETPs with low to zero management fees, with product
listings across European exchanges, banks and broker platforms.
Valour's existing product range includes Valour Uniswap (UNI),
Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX),
Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet
Computer (ICP), Chainlink (LINK), Core (CORE), Enjin (ENJ), Valour
Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Hedera
(HBAR), Valour Digital Asset Basket 10 (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 fully hedged, passive investment products with
Bitcoin (BTC) and Ethereum (ETH) as underlyings which are
completely fee free. For more information on Valour, to subscribe,
or to receive updates and financial information, visit
valour.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
Offering; growth of AUM; breakdown of AUM holdings; development of
ETPs; future demand for ETP’s; the regulatory environment with
respect to the growth and adoption of decentralized finance; the
pursuit by DeFi and its subsidiaries of business opportunities; and
the merits or potential returns of any 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 is not limited the
acceptance of Valour exchange traded products by exchanges; growth
and development of decentralised finance and cryptocurrency sector;
rules and regulations with respect to decentralised 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 does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE
For further information, please
contact:
Olivier Roussy Newton
Chief Executive Officer
ir@defi.tech
(323) 537-7681
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