* Launch of World's First Yield-Bearing Bitcoin (BTC) ETP: Valour Inc. and
Core Foundation collaborate to introduce the world's first yield-bearing
Bitcoin (BTC) ETP on the Nordic Growth Market (NGM) exchange with a 1.9%
management fee, offering investors exposure to Bitcoin with a 5.65% yield.
* Powering Valour Bitcoin Staking (BTC) SEK ETP with Core Blockchain: The Core
blockchain network, powered by Bitcoin, forms the foundation for Valour
Bitcoin Staking (BTC) SEK ETP (ISIN: CH1213604536), providing Ethereum
Virtual Machine (EVM) compatibility and the innovative Satoshi Plus
consensus mechanism (https://docs.coredao.org/core-white-paper-
v1.0.7/satoshi-plus-consensus) to enhance security and scalability.
* Simplified Investment with Valour Bitcoin Staking (BTC) SEK ETP: Valour
Bitcoin Staking (BTC) SEK ETP streamlines Bitcoin investment by delegating
Bitcoins to Core validators, the yield is attributed to the Net Asset Value
(NAV) on a daily basis. This innovative product ensures custodial control
and security while offering investors substantial yield without requiring
them to sell or trade their Bitcoin holdings.
TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the "Company"
or "DeFi Technologies") (CBOE CA: DEFI (https://www.neo.inc/en/live/security-
activity/DEFI#!/market-depth)) (GR: R9B (https://www.boerse-
frankfurt.de/equity/defi-technologies-inc-1)) (OTC: DEFTF
(https://finance.yahoo.com/quote/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. ("Valour"), a leading issuer of exchange traded products ("ETPs")
that provide simplified access to digital assets, has launched the world's first
yield-bearing Bitcoin (BTC) ETP in collaboration with the Core Foundation
(https://coredaofoundation.org/), an organization dedicated to the development
of the Core blockchain network ("Core Chain"). This offering provides investors
exposure to Bitcoin with a 5.65% yield on the Nordic Growth Market (NGM)
exchange.
The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-
Compatible smart contracts. With 50% of Bitcoin mining hash power contributing
to Core's security in exchange for unlocking Bitcoin utility and rewards, Core
Chain is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and
more).
Trading of the Valour Bitcoin Staking (BTC (https://valour.com/products/bitcoin-
staking)) SEK ETP (ISIN: CH1213604536) commenced on May 10, 2024 with a 1.9%
management fee, marking a historic moment as the world's first-of-its-kind Yield
Bearing Bitcoin ETP. This innovative offering allows investors to gain exposure
to Bitcoin while receiving a remarkable 5.65% yield, all without the need to
sell or trade Bitcoin directly.
Valour Bitcoin Staking (BTC) SEK ETP simplifies investment in the world's best-
known digital asset, making it easier and more secure for investors to
participate in Bitcoin's potential upside. The yield is attributed to the Net
Asset Value (NAV) on a daily basis, providing investors with yield without
needing to sell or trade their Bitcoin holdings.
Valour Bitcoin Staking (BTC) SEK ETP generates yield by delegating Bitcoins to a
validator on the Core Chain through non-custodial, native Bitcoin staking.
Staked Bitcoins receive staking rewards in the form of CORE tokens, which are
then reinvested into the product.
Core Chain, the underlying blockchain, is a Bitcoin-powered, decentralized,
secure, and scalable layer 1 blockchain compatible with the Ethereum Virtual
Machine (EVM). It is supported by Bitcoin's Proof of Work (PoW) through a unique
consensus mechanism known as 'Satoshi Plus'. This mechanism enables Bitcoin
miners to delegate their PoW (DPoW) to Core validators without impacting their
future Bitcoin rewards, thereby unlocking the potential of Bitcoin-secured
decentralized applications.
Despite engaging in Bitcoin staking, security remains uncompromised. Custodial
control is maintained while yield is generated. Bitcoins are staked through a
specific type of native Bitcoin transaction called a 'stake transaction', which
includes a lockup period and Core Chain staking details such as the Core
Validator and the Core reward address. During the lockup period, the Bitcoins
cannot be transferred or slashed. Only the owner can transfer the Bitcoins once
the lockup period expires.
"We are thrilled to introduce the world's first Yield Bearing Bitcoin ETP,
offering investors an unprecedented opportunity to gain exposure to Bitcoin
while earning a substantial yield," said Olivier Roussy Newton, CEO of DeFi
Technologies. "Valour Bitcoin Staking (BTC) ETP embodies our commitment to
innovation in the digital asset space, providing investors with a seamless and
secure way to participate in Bitcoin's growth potential while offering a novel
investment avenue for engaging with the world's premier cryptocurrency."
"Core Foundation is excited to collaborate with Valour Inc. to launch the
world's first yield-bearing Bitcoin ETP. This groundbreaking product brings
BTCfi to a wider audience, and sustainable yield to Bitcoin holders. Investors
can now earn yield while maintaining exposure to Bitcoin. This is enabled by
non-custodial Bitcoin staking which helps secure the Core blockchain. Core
Foundation is proud to be the first and most reliable ecosystem to power these
new offerings, underscoring Core Chain's position as the most Bitcoin-aligned
blockchain," said Core contributor Brendon Sedo.
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI (https://www.neo.inc/en/live/security-
activity/DEFI#!/market-depth)) (GR: R9B (https://www.boerse-
frankfurt.de/equity/defi-technologies-inc-1)) (OTC: DEFTF
(https://finance.yahoo.com/quote/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
revolutionizing the way individuals and institutions interact with the evolving
financial ecosystem. Join DeFi Technologies' digital community on Linkedin
(https://www.linkedin.com/company/defitechglobal/) and Twitter
(https://twitter.com/defitechglobal), 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 (https://www.neo.inc/en/live/security-
activity/DEFI#!/market-depth)) (GR: R9B (https://www.boerse-
frankfurt.de/equity/defi-technologies-inc-1)) (OTC: DEFTF
(https://finance.yahoo.com/quote/DEFTF/)).
In addition to their novel physical backed digital asset platform, which
includes 1Valour Bitcoin Physical Carbon Neutral
(https://valour.com/products/valour-bitcoin-carbon-neutral) ETP, 1Valour
Ethereum Physical Staking (https://valour.com/products/valour-ethereum-staking),
and 1Valour Internet Computer Physical Staking
(https://valour.com/products/valour-internet-computer-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
(https://valour.com/products/uniswap)), Cardano (ADA
(https://valour.com/products/cardano)), Polkadot (DOT
(https://valour.com/products/polkadot)), Solana (SOL
(https://valour.com/products/solana)), Avalanche (AVAX
(https://valour.com/products/avalanche)), Cosmos (ATOM
(https://valour.com/products/cosmos)), Binance (BNB
(https://valour.com/products/binance)), Ripple (XRP
(https://valour.com/products/valour-ripple)), Toncoin (TON
(https://valour.com/products/toncoin)), Internet Computer (ICP
(https://valour.com/products/valour-internet-computer)), Chainlink (LINK
(https://valour.com/products/valour-chainlink-link)) Enjin (ENJ
(https://valour.com/products/enjin)), Valour Bitcoin Staking (BTC
(https://valour.com/products/bitcoin-staking)), Bitcoin Carbon Neutral (BTCN
(https://valour.com/products/valour-bitcoin-carbon-neutral)), Valour Digital
Asset Basket 10 (VDAB10 (https://valour.com/products/valour-digital-asset-
basket)) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip
(https://valour.com/products/valour-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 (https://valour.com/products/valour-bitcoin)) and Ethereum (ETH
(https://valour.com/products/ethereum-zero)) as underlyings which are completely
fee free.
For more information on Valour, to subscribe, or to receive updates and
financial information, visit valour.com (https://valour.com/).
About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation
of high-quality, in-depth research reports for the bitcoin and cryptocurrency
industry, empowering investors with valuable insights. For more information
please visit https://www.reflexivityresearch.com/
About Core Chain
The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-
Compatible smart contracts. With 50% of Bitcoin mining hash power
(https://stake.coredao.org/)contributing to Core's security in exchange for
unlocking Bitcoin utility and rewards, Core is the most Bitcoin-aligned EVM
blockchain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a
massive community of 2.2M Twitter followers and 250k Discord members which has
translated into millions of Core adopters, over 15M unique addresses, and 230M
transactions since its mainnet launch in January 2023.
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 future development and listings of ETPs; staking of Bitcoin within the Core
Chain; development and management of a validator node on the Core Chain; 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 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 ETPs by exchanges and regulatory authorities; growth and
development of DeFi and cryptocurrency sector; rules and regulations with
respect to DeFi 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 (mailto:ir@defi.tech)
(323) 537-7681
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/64facd4a-52e3-4a74-8c5a-
bd8ceeabac94
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