- Two new exchange products ("ETPs"), Valour Cardano (ADA) SEK and Valour Polkadot (DOT) SEK, will enable institutions and individuals to invest in these tokens as easily as buying shares from their bank or broker
- Trading in Valour Cardano (ADA) SEK will begin on Nordic Growth Market stock exchange on May 18, 2021 , with Valour Polkadot (DOT) SEK anticipated to follow later in the month
ZUG, Switzerland, May 18, 2021 /CNW/ - Valour Structured Products Inc. ("Valour"), a subsidiary of DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF) and issuer of investment products focused on digital assets, has announced the launch of its Cardano (ADA) ETP (VALOUR CARDANO SEK - CH1114178796) on the Nordic Growth Market (NGM) stock exchange on May 18, 2021. Valour is also anticipating the launch of Valour's Polkadot ETP (VALOUR POLKADOT SEK - CH1114178770) on the NGM exchange later in the month. Both products enable investors to gain exposure to the popular digital assets simply and securely, via their bank or broker.
Cardano is an open-source, proof-of-stake blockchain platform which facilitates decentralised applications and peer-to-peer transactions via its native token, ADA. With a research driven approach and focus on the security, scalability and programmability, Cardano's development has been propelled in the past year. This and increasing interest in the efficiency of proof-of-stake blockchains has seen its ADA token move to the fourth largest digital asset by market capitalization in the past week1.
Polkadot is a next generation blockchain protocol that enables interoperability and scalability for multiple blockchains. An open-source project founded by the Web3 Foundation, Polkadot's native token, DOT, carries out three essential functions: providing governance for the network, operating the network via staking, and supporting the creation of parachains, specialized blockchains that connect to Polkadot.
Both are among the top ten cryptocurrencies in the world by capitalization2, with Cardano currently at USD $65 billion and Polkadot at USD $37 billion.
By gaining exposure to digital assets via Valour, investors benefit from the standardisation, risk reduction and operational efficiency of a centrally-cleared product listed on a regulated stock exchange. For each exchange traded product of Valour that is bought and sold on the stock exchange, Valour purchases the equivalent amount of the underlying digital assets, meaning the products are fully backed at all times.
"Following the success of our Bitcoin and Ethereum ETPs, we've had growing investor demand for further digital asset products," said Valour CEO Diana Biggs. "With the increasing development and understanding of these technologies, we're thrilled to bring investors the most cost-effective and secure way to access investment in innovative protocols like Cardano and Polkadot."
"It's great to see the progress Diana Biggs, CEO of Valour, and the team is making to launch another innovative product to the public markets. Cardano is a leading player in the crypto space with its blockchain that is focused on change-makers. It's novel in that it differentiates itself and has found a niche that it controls. However, for investors, it is sometimes hard to get access to these opportunities because of regulatory constraints for difficulty in navigating the crypto landscape," said Wouter Witvoet, CEO of DeFi Technologies. "Valour, part of DeFi, removes such constraints by providing easy access to crypto assets through your regular brokerage accounts. We're excited to see the market adoption and response to yet another great product coming out of the family."
About the new Valour ETPs
Valour Cardano SEK (ISIN: CH1114178796) and Valour Polkadot SEK (ISIN: CH1114178770) are the fully-hedged, passive investment product with Cardano's native token, ADA, and Polkadot's native token, DOT, as its underlying assets. The new Valour ETPs, available in Swedish krona, will be traded on the Nordic Growth Market (NGM), a regulated stock exchange in Stockholm, Sweden, under local tickers VALOUR CARDANO SEK and VALOUR POLKADOT SEK. Available for purchase via banks or brokers in the same way as any other security, the ETPs remove the mystery, complexity and costs of ADA and DOT investment and custody that have thus far impeded mainstream adoption of digital assets and decentralised finance.
Valour Structured Products Inc. issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO:DEFI). For more information on Valour, visit www.valour.com.
About DeFi Technologies
DeFi Technologies Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector. For more information visit https://defi.tech/
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, statements with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies of business opportunities; the offering and trading of Valour's Cardano ETP and Polkadot ETP on the NGM; and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". 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. 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 NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
About Nordic Growth Market
Nordic Growth Markets is one of the leading Nordic stock exchanges with more than 30 years of experience as a dedicated partner for growth companies. Through our marketplaces in Sweden, Denmark, Finland and Norway, we provide trading in more than 20,000 instruments such as equities, bonds, AIFs and derivatives. The exchange is a wholly-owned subsidiary of Börse Stuttgart, the leading retail exchange in Germany. For more information about Nordic Growth Market, visit www.ngm.se.
The Valour ETP fact sheets, Key Information Documents (KIDs), Final Terms, and prospectus are available, subject to applicable securities laws, via the Issuer's website: www.valour.com.
Investment in exchange-traded products is subject to risk. Emerging asset classes such as digital assets may be more sensitive and subject to volatility than traditional asset classes and investors should be fully aware of the potential risks. This material is distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. For more information, please refer to the relevant product documentation at www.valour.com.
Notes to Editors
- Valour is founded by an acclaimed and pioneering team with decades of experience in both investment banking and emerging technologies. They include:
- Johan Wattenström, who created and listed the world's first digital asset ETP on Nasdaq Nordic, in 2015
- Olivier Roussy Newton, who founded and was first to list a digital asset mining company - HIVE Blockchain Technologies Ltd. - on the Toronto Stock Exchange, in 2017
- Creating digital asset based ETPs is fiendishly complicated, due to regulations, the need to obtain clearing and stock exchange approval, as well as programming requirements. That's why there are only a handful of other companies in Europe that offer ETPs based on digital assets (one of which was created by Johan (see above)).
- Valour's uniqueness is offering digital asset ETPs with the most competitive management fees, narrower buy/sell spreads, 100% backing, and unrivalled experience in market-making.
SOURCE Valour Structured Products Inc.
For further information: Investor Relations, Dave Gentry, RedChip Companies Inc., 1-800-RED-CHIP (733-2447), 407-491-4498, [email protected]; Public Relations, Veronica Welch, VEW Media, [email protected]