DeFi
DeFi Technologies Subsidiary Valour Inc. Announces Launch of World’s First Exchange-Traded Product for NEAR Protocol Token
- Launch of the world’s first NEAR protocol ETP: Valour has launched the world’s first ETP for the NEAR Protocol token on the Spotlight Exchange in Sweden, providing secure and diversified exposure to the NEAR ecosystem.
- Significant impact on the market: NEAR protocol supports decentralized 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 in the world.
- Expansion of product offering: Valour continues to drive innovation in digital assets, launching eleven ETPs in 2024, with plans to introduce more digital asset ETPs in the coming months to improve accessibility and convenience for retail and institutional investors.
TORONTO, July 17, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “DeFi Technologies”)Business” Or “DeFi Technologies“) (NEO: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that is pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), is pleased to announce that its subsidiary, Valour Inc.(“Value“), a leading issuer of exchange-traded products (“AND P“) which provides simplified access to digital assets, has launched an ETP for the NEAR Protocol token on the Spotlight exchange in Sweden.
The near valor (CLOSE) The ETP (ISIN: CH1213604577) offers retail and institutional investors reliable, secure and diversified exposure to the innovative and growing NEAR ecosystem, enabling participation in a decentralized web platform that aims to redefine the future of digital finance.
One of the best use cases for the NEAR protocol is supporting decentralized applications, especially in the DeFi and NFT sectors. Projects such as Burrow, a decentralized money market protocol, and Mintbase, an NFT creation and sales platform, are built on top of 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 and digital asset management services with improved performance and accessibility. With a market capitalization of approximately US$5.6 billion, NEAR ranks among the top 20 digital assets in the world.
“By launching the world’s first Valour NEAR ETP, we are offering investors an extraordinary opportunity to dive into the revolutionary NEAR protocol, known for its transformative impact on DeFi and NFTs. This ETP offers a safe and simple way to invest in a leading digital asset, seamlessly integrating the future of decentralized finance into their portfolios,” said Elaine Buehler, Chief Product Officer at Valour.
This is Valour’s third ETP to be listed on the Spotlight Exchange in Sweden in recent weeks, following the launch of the Core (CORE) and Hedera (HBAR) ETPs. The Spotlight Exchange is part of Spotlight Group AB, founded in 1997 and headquartered in Malmö, Sweden. It has recently been expanding its ETP segment, with Valour contributing to this effort with its unique offerings.
Valour continues to lead the way in digital asset innovation and expanding its product portfolio to meet the evolving needs of Nordic investors. With the addition of the Valour NEAR ETP, Valour has launched eleven ETPs in 2024. The company plans to launch a broad range of digital asset investment products in the coming months to further increase accessibility and convenience for both retail and institutional investors.
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFAULT) is a financial technology company 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. Backed 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 Valour
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 DeFi Technologies Inc.’s (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFAULT).
In addition to their new digital asset platform backed by physical media, which includes 1Valour Carbon Neutral Physical Bitcoin AND P, 1Valour Ethereum Physical StakingAnd 1Valor Internet Computer Physical StakingValour offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valour’s existing product range includes Valour Uniswap (United), Cardan (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TONNE), Internet computer (PCI), Chain link (LINK), Heart (HEART), Close (CLOSE), 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 (Bitcoin) and Ethereum (ETH) as underlyings that are completely free of fees. For more information about Valour, to subscribe, or to receive financial updates and 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, the Valour Near ETP (NEAR) and the NEar Protocol; the development and listing of the ETPs; future demand for the ETPs; the regulatory environment regarding the growth and adoption of decentralized finance; the Company’s and its subsidiaries’ pursuit 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, the acceptance of the ETPs by exchanges; the growth and development of the decentralized finance and digital asset industry; rules and regulations relating to decentralized finance and digital assets; 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 statements, other factors may cause results to differ 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. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, except in accordance with applicable securities laws.
CBOE CANADA EXCHANGE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE DeFi Technologies Inc.