DeFi Technologies Launches Sui ETP in Swedish Market, Expands Access to Crypto

• Introduction of the Valor Sui ETP (SUI): Challenge Valor, a subsidiary of Technologies, launched the Valor Sui (SUI) ETP on SuedeSpotlight Stock Market from , expanding its portfolio of innovative digital asset products.
• Investment Opportunities in Layer 1 Blockchain Technology: The Valor Sui (SUI) ETP provides exposure to the native token of the Sui blockchain. Known for its high-speed transaction throughput and instant finality, Sui is a cutting-edge Layer 1 blockchain optimized for low-latency transfers, ideal for real-time applications such as gaming, finance, and more.
• Strategic Product Expansion: The new Valor Sui ETP highlights Valor’s commitment to providing innovative digital asset investment products. This launch on the Spotlight Stock Market improves investor access to digital assets, marking another important milestone in Valour’s expansion strategy.

TORONTO, October 10, 2024 /PRNewswire/ – Challenge Technologies Inc. (the “Business” Or “Challenge Technologies“) (CBOE CA: CHALLENGE) (GR: RB9) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance (“Challenge“), proudly announces that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“FTE“) offering simplified access to digital assets, has listed the Valor Sui ETP (SUI) on the Spotlight Stock Market. The Valor Sui ETP (SUI) offers investors a safe and simple way to gain exposure to Sui, a rapidly growing layer-1 blockchain optimized for on-chain use cases thanks to its unique consensus mechanism and object-centric data model With a market capitalization of. $5.37 billionSui ranks among the top 20 digital assets in the world.

The Valor Sui (SUI) SEK ETP (ISIN: CH1213604601) is the latest addition to Valour’s growing suite of digital asset products. This ETP allows investors to access Sui’s native token, leveraging the horizontal scaling capabilities of the blockchain to enable high throughput via transaction parallelization. Focused on instant finality and efficiency, Sui’s design is ideal for applications requiring real-time transactions, such as gaming and finance. The ETP includes a 1.9% management fees, providing investors with seamless and transparent access to this innovative digital asset.

Unlike traditional blockchain models, Sui uses an object-centric approach that enables independent validation of transactions via fault-tolerant Byzantine proof-of-stake (“Proof of Stake”).Point of sale ») consensus mechanism. This new structure eliminates the need for sequential transaction validation, improving transaction scalability and speed.

“Respond to Sui’s request by Suede reflects our continued commitment to offering diverse and innovative products,” said Johanna Belitz, Head of Nordics at Valour. “We are delighted to offer this new opportunity to investors, tailored to their needs and interests. Valor takes great pride in its ability to quickly assess investor preferences and deliver products that meet market demands. »

“Our expansion into Suede with the Valor Sui ETP reinforces our commitment to dominate the digital asset market in Europe“, added Olivier Roussy Newton, CEO of Challenge Technologies. “Sui’s advanced technology and innovative consensus mechanism make it an exciting addition to our product line, and we are excited to introduce it to a new audience on the Spotlight Stock Market. »

About Challenge Technologies
Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (Challenge). With a focus on cutting-edge Web3 technologies, Challenge The technologies aim to provide investors with widespread access to the future of finance. Supported 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. Follow Challenge Technologies on Linkedin and Twitterand for more details visit https://challenge.technology/

About Valor

Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues exchange-traded products (“FTE”) which allow individual and institutional investors to access digital assets simply and securely via their traditional bank account. Valor is part of the asset management business of Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).

In addition to their new digital asset platform backed by physical media, which includes 1Valour Bitcoin Carbon neutral physical ETP, 1Valor Ethereum Physical Staking and 1Valor Internet Computer Physical Staking, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (UNI), Cardano (ADA), Peas (POINT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valor Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valor Digital Asset Basket 10 (VDAB10) and 1Valor STOXX Bitcoin Swiss Digital Asset Blue Chip ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment product fully covered with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings. For more information about Valor, to subscribe or to receive updates, visit valour.com.

Caution 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 listing of Valor Sui (SUI) ETP; the development of the Sui blockchain; investor confidence in Valor’s ETPs; investor interest and confidence in digital assets; the regulatory environment as it relates 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 such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which 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. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor exchange-traded products by exchanges; growth and development of decentralized finance and cryptocurrency sector; rules and regulations regarding decentralized finance and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. 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 materially different from those contained in forward-looking information. those anticipated, estimated or hoped for. 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. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation 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 VERSION

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SOURCE DeFi Technologies Inc.