DeFi Technologies' Subsidiary Valour Strengthens Nordic Market Strategy with Transfer of Crypto ETPs to Spotlight Stock Market
18 Oktober 2024 - 2:12PM
UK Regulatory
DeFi Technologies' Subsidiary Valour Strengthens Nordic Market
Strategy with Transfer of Crypto ETPs to Spotlight Stock Market
- Strategic Move in Nordic Market: Valour Inc.,
a subsidiary of DeFi Technologies, will transfer 19 of its ETPs
from the Nordic Growth Market to the Spotlight Stock Market in
Stockholm, aiming to enhance its position in the Nordic ETP market
and support growth in crypto-related instruments.
- Increased Liquidity and
Market Expansion: With this move, Valour’s ETPs, which
generated approximately SEK 14.3 billion (US$1.3 billion) in
trading volume over the past year, will increase to 23 listings on
Spotlight, positioning the company for greater liquidity and market
expansion.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- DeFi
Technologies Inc. (the “Company” or “DeFi
Technologies”) (CBOE CA: DEFI) (GR: RB9) (OTC: DEFTF), a
crypto-native technology company at the forefront of merging
traditional capital markets with decentralized finance
("DeFi"), is pleased to announce that its
subsidiary Valour Inc. ("Valour"), a leading
issuer of exchange-traded products ("ETPs")
providing simplified access to digital assets, will delist 19 ETPs
from the Nordic Growth Market (“NGM”) on exchange
business close on 18 October 2024, and relist them to the Spotlight
Stock Market (“Spotlight”) in Stockholm, Sweden on
21 October 2024. This decision represents a significant step in
Valour’s growth strategy within the Nordic market and strengthens
its position in the ETP segment, particularly for digital
asset-related instruments.
Over the past twelve months, Valour's ETPs have generated a
trading volume of approximately SEK 14.3 billion (US$1.3 Billion),
and the move to Spotlight is anticipated to support continued
strong growth and increased liquidity. With this transition, Valour
will have a total of 23 instruments listed on Spotlight,
establishing Valour as a significant player on this
marketplace.
“The collaboration with Spotlight Stock Market allows us to
accelerate the pace of launching new instruments in the market.
While we will initially have 23 instruments listed on Spotlight,
our goal is to double that number. Together with Spotlight, we aim
to become Europe’s leading platform for crypto ETPs,” says Johanna
Belitz, Head of Nordics at Valour.
“We are very proud and pleased with our collaboration with
Valour, which has given our ETP segment a strong start since its
launch as recently as June of this year. By transferring all of its
ETPs to the Spotlight Stock Market, Valour is advancing a
relationship that holds high expectations, particularly for
increasing the number of high-quality instruments traded in a
secure environment. Additionally, Valour’s ETPs will now be traded
on a platform with substantial potential for increased
international trading,” comments Spotlight Stock Market CEO Anders
Kumlin.
Among the ETPs being transferred are popular products based on
Bitcoin, Ethereum, and Solana as underlying assets. Valour
emphasizes that holders of these instruments will not need to take
any action regarding the listing change, which is expected to
proceed smoothly with the first trading day on Spotlight scheduled
for October 21, 2024.
This transition marks a new phase in Valour’s partnership with
Spotlight and is a key part of its long-term goal to expand and
strengthen its presence in the international market for digital
asset ETPs.
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. Follow
DeFi Technologies 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 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), Hedera (HBAR), Core (CORE), Enjin
(ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN),
Sui (SUI), 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 about Valour, to
subscribe, or to receive updates, 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 the
transfer of ETPs to Spotlight; Valour’s growth strategy in the
Nordics; investor confidence in Valour’s ETPs; investor interest
and confidence in digital assets; the regulatory environment with
respect to the growth and adoption of decentralized finance; the
pursuit by the Company 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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