* Launch of First ETPs on Spotlight Stock Market: DeFi Technologies'
subsidiary Valour Inc. introduces the world's first CORE ETP
(https://valour.com/products/valour-core) and expands the world's first
Hedera (HBAR) ETP (https://valour.com/products/hedera) to the Spotlight
Stock Market, marking the first ETP offerings on this exchange.
* Innovative and Diverse Investment Opportunities: The Valour CORE ETP offers
exposure to the Core blockchain's native token with its unique Satoshi Plus
consensus mechanism, while the Valour Hedera ETP provides access to Hedera's
energy-efficient HBAR cryptocurrency, both enhancing Valour's product
portfolio.
* Strengthening Strategic Collaborations: The launch signifies a deepening
collaboration with the Core Foundation and follows the successful
introduction of the Valour Bitcoin Staking ETP, underscoring Valour's
commitment to providing cutting-edge digital asset investment products.
TORONTO, June 28, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the
"Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a
crypto native technology company that pioneers the convergence of traditional
capital markets with the world of decentralised finance ("DeFi"), proudly
announces that its subsidiary Valour Inc. ("Valour"), a leading issuer of
exchange traded products ("ETPs") that provide simplified access to digital
assets, has launched two new ETPs: the Valour CORE ETP
(https://valour.com/products/valour-core) and the Valour Hedera (HBAR) ETP
(https://valour.com/products/hedera), on the Spotlight Stock Market in Sweden.
These launches mark the first ETP offerings for Spotlight, as well as a
significant milestone in Valour's mission to provide retail and institutional
investors with secure and simple access to leading digital assets.
The Valour CORE (CORE) SEK (ISIN: CH1213604593) offers investors exposure to the
native token of the Core blockchain, CORE. Core Chain's Satoshi Plus consensus
mechanism uniquely combines the decentralization and security of Bitcoin's
Delegated Proof of Work ("DPoW") with the scalability and flexibility of
Ethereum's Delegated Proof of Stake ("DPoS"). This innovative approach ensures a
robust and efficient blockchain infrastructure. The Valour CORE (CORE) SEK
tracks the price of CORE, providing a seamless and straightforward investment
opportunity. This expansion follows the successful launch of the Valour Bitcoin
Staking ETP, underscoring Valour's commitment to offering a broad range of
cutting-edge digital asset investment products. Additionally, this launch
signifies a deepening collaboration with the Core Foundation.
In addition to the Valour CORE ETP, Valour is also expanding its offering of the
world's first Valour Hedera (HBAR) ETP, initially introduced on Börse Frankfurt
(Zertifikate). The Valour Hedera (HBAR) ETP (ISIN: CH1213604585) provides secure
and straightforward access to Hedera's native cryptocurrency, HBAR. Hedera is
renowned for its energy-efficient public distributed ledger technology, which
utilizes the leaderless, asynchronous 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 globally. This ETP
aligns with Valour's broader strategy to expand the availability of digital
asset products on traditional exchanges.
"We are thrilled to launch the first ETP offerings on the Spotlight Stock Market
with the Valour Core and Hedera ETPs," said Olivier Roussy Newton, CEO of DeFi
Technologies. "This move underscores our commitment to providing investors with
innovative and accessible digital asset investment opportunities. The
introduction of these ETPs to a new exchange not only broadens our reach but
also reinforces our mission to bridge traditional finance with the rapidly
evolving world of decentralized finance."
The Spotlight Stock Market, founded in 1997, is committed to making the listing
process easier, safer, and more visible for growth companies. By focusing on
accessibility and visibility, Spotlight aims to become the premier marketplace
in the Nordic region. The market supports innovative and high-growth companies,
providing them with the visibility and security needed to attract investors.
This ambition aligns perfectly with Valour's goals of increasing the
availability and simplicity of digital asset investments. The listing of Valour
ETPs on the Spotlight Stock Market underscores the significance of this platform
in supporting innovative financial products.
"We are excited to launch our new ETP segment with Valour at Spotlight. Valour
has proven to be a leading and innovative provider of digital assets, which is
why we are extremely happy and proud to welcome Valour to our exchange. The
long-term strategy of Spotlight Stock Market is to extend our offer to investors
and listed companies, both in terms of international trade and the range of
products. Our recent exchange of trade systems, implementing the Nasdaq INET
Nordic system, enables us to offer trade in different ETPs, which has been a
request from several companies for an extended period," said Spotlight Stock
Market CEO Anders Kumlin.
"We're pleased 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 world's first ETP featuring CORE as its underlying asset, marking a
significant milestone in our offerings. This addition not only enhances our
product portfolio but also reaffirms our commitment to providing innovative and
diverse investment opportunities. Exciting times ahead!"
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
revolutionising 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)), Core (CORE
(https://valour.com/products/valour-core)), 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)), Hedera (HBAR
(https://valour.com/products/hedera)), 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/).
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 Valour Hedera (HBAR) ETP; Hedera HBAR;
Valour CORE ETP; listing of ETPs on the Spotlight Stock Market; development of
ETPs; future demand for ETP's; the regulatory environment with respect to the
growth and adoption of decentralised 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 ETPs 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
Disclaimer: The Hedera logo and Trademark 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 of the Hedera
governing council members have participated in the creation of this regulated
ETP in Europe.
For further information, please contact:
Olivier Roussy Newton
Chief Executive Officer
ir@defi.tech (mailto:ir@defi.tech)
(323) 537-7681
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