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Trading of Bitcoin Zero and Ethereum Zero begin October 19, 2021 with the Solana, Cardano and Polkadot ETP’s to begin trading shortly thereafter
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The Frankfurt Stock Exchange is the world’s 12th largest stock exchange by market capitalisation and is the largest of the seven regional securities exchanges in Germany
TORONTO, Oct. 19, 2021 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, today announced that its subsidiary Valour Inc. (“Valour“), an issuer of digital asset exchange traded products (“ETPs“), began trading its Bitcoin Zero and Ethereum Zero products on the Boerse Frankfurt Zertifikate AG this week. The listing of Valour’s Cardano, Polkadot, and Solana ETPs will follow shortly.
“We are pleased to announce today that ETPs created by our subsidiary Valour are now trading on the Frankfurt Stock Exchange, a major milestone for both our shareholders and Valour,” said Russell Starr, Chief Executive Officer of DeFi Technologies. “This new market is key as Valour expands its international presence and of particular interest given Germany’s crypto-friendly regulatory environment. We believe as our products list on larger and more liquid global exchanges, Valour’s underlying AUM should grow substantially. We will also continue to list new and innovative ETP’s, evolving with this tremendously exciting new financial ecosystem.”
“Listing in Germany is a significant achievement for us. From a retail investor point of view, it was always our next target market and we’re thrilled that, after months of work and preparation, we have achieved our goal,” said Diana Biggs, Chief Executive Officer of Valour and incoming Chief Strategy Officer of DeFi Technologies. “For institutional investors, we’re seeing some potentially seismic changes occur – such as the Fund Location Act for Spezialfonds, which are providing a clear mandate for institutions to invest in crypto and have the potential to open the industry for mass adoption. With its proactive encouragement, Germany is fast becoming a leading market for digital asset investing.”
The listing in Germany marks the next step in Valour’s growth plans and intention to push into new markets. Since Valour first launched its Bitcoin ETP in December 2020 on the Nordic Growth Exchange, it has introduced ETPs on Ethereum, Cardano, Polkadot, and Solana, and announced the appointment of a new Chief Operating Officer, Frances Edwards, who arrived from Blackrock.
As of October 14, 2021, Valour had surpassed US$250 million in assets under management (“AUM”) trading on the Nordic Growth Market Stock Exchange (“NGM”). This achievement marks an exceptional first ten months of 2021, which has seen AUM grow more than 2560% since the start of 2021.
Valour’s Bitcoin Zero and Ethereum Zero products…
Read More: Valour Inc., a Subsidiary of DeFi Technologies, Lists Its Exchange