- Valor’s first product listed on the LSE: Valor Digital Securities Limited marks a significant milestone with the launch of its first asset-backed Ethereum Physical Staking exchange-traded product (ETP), also known as an exchange traded note (ETN) on the London Stock Exchange, offering Professional investors direct access to Ethereum and staking rewards.
- Secure, unleveraged exposure to Ethereum with staking yield potential: The ETP provides unleveraged, physically-backed exposure to Ethereum, with the underlying assets held in cold storage by regulated custodians, ensuring a secure investment for institutional investors.
- Pioneer in the integration of traditional finance and DeFi: This launch highlights Valor’s role in bridging the gap between traditional finance and digital assets, enabling professional investors to participate in the growing DeFi space via regulated financial products.
TORONTO, September 30, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF), a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), is delighted to announce the introduction of its subsidiary, Valor Inc., and Valor Digital Securities Limited (together, “Valour”), a major issuer of exchange-traded products (“FTE“), its revolutionary Ethereum asset-backed exchange-traded products, also known as exchange-traded notes (“ETNs“) on the London Stock Exchange (the “LSE“).
The Valor Ethereum Physical Staking ETP (ticker: 1VET, ISIN: GB00BRBMZ190) is a passive, fully-backed, unleveraged investment product providing direct exposure to Ethereum (“ETH”) as the underlying crypto asset. The ETP is secured by the respective cryptocurrency kept in cold storage by regulated crypto custodians.
“We are delighted to introduce our innovative and physically backed Ethereum Staking ETP to the London Stock Exchange, marking a significant milestone for Valor and the UK market. This product provides professional investors with secure and regulated access to Ethereum and offers the unique benefit of rewarding staking, maximizing potential returns. Our Ethereum Staking ETP highlights Valor’s commitment to cutting-edge financial products that bridge traditional finance with the world of digital assets, allowing institutional and professional investors in the UK to gain exposure through their accounts. traditional investment”, said Olivier Roussy Newton, CEO of DeFi Technologies.
Elaine Buehler, head of product at Valour, further notes: “This product represents a crucial step in connecting traditional finance to digital assets. By offering the benefits of staking through an exchange-traded product, we are simplifying access to Ethereum for institutional investors, allowing them to participate in the growing decentralized finance space without the technical hurdles.
The Valor prospectus has received approval from the Financial Conduct Authority (“FCA”) and the London Stock Exchange (“LSE”). Earlier this year, the FCA announced that it would not oppose applications from financial institutions to list ETPs aimed at professional investors. The LSE said it would begin accepting applications for Bitcoin (“BTC”) and ETH products in Q2 2024. However, the FCA stipulated that these London-based ETPs would be restricted to professional investors only.
The launch follows LSE guidelines allowing the admission of certain crypto ETPs that meet specific criteria, including being physically supported, having reliable pricing sources and being regulated depositories in approved jurisdictions.
Valor Ethereum Physical Staking Features:
- Listed on the LSE, offering the unique advantage of rewarding staking.
- Exposure to ETH, physically backed and without leverage.
- The underlying crypto assets are held in cold storage by regulated custodians.
- Trading is reserved for professional and institutional investors only.
- Competitive management fees.
With a fixed yield, no set expiration and a 1.49% management fee, investors can earn passive returns while avoiding the technical complexities of staking. By investing in the Valor Ethereum Physical Staking ETP, investors are also actively contributing to the evolution of the DeFi landscape. Enhanced security features, such as insurance reduction and full guarantee, provide investors with additional transparency and protection.
Crypto staking is a fundamental part of blockchain dynamics, allowing participants to engage in the governance and consensus of Proof of Stake (PoS) blockchains while earning rewards for their contributions. Unlike proof-of-work systems, PoS networks rely on validators pledging assets to validate and create new blocks.
Partnering with institutional entities such as Copper Markets (Switzerland) AG for custody and industry stalwart Blockdaemon for staking services, Valor offers a non-custodial, systematically collateralized staking environment.
This approval in the UK comes after the US green light for Bitcoin exchange-traded funds, a development that builds on several years of similar products trading in various European countries. The products are available for trading on the dedicated “Professional Investors Only” segments of the LSE from today. Although access for retail investors remains restricted, the listing represents a significant development for the institutional adoption of crypto in the UK.
About DeFi technologies
DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing specifically on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor 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 DeFi Technologies on Linkedin And Twitterand for more details visit https://defi.tech/
About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues products traded on an exchange (“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 segment of DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).
In addition to their new physical-backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings in European stock exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valor Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Valor Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip FTE with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings and completely free. For more information about Valor, to subscribe, or to receive updates, visit value.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, without limitation, statements regarding the listing of the Valolur Ethereum Physical Staking ETP on the LSE; the regulatory environment with respect to the growth and adoption of decentralized finance and digital assets; 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; the growth and development of the decentralized finance and digital assets sector; rules and regulations regarding decentralized finance and digital assets; 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 DISCLAIMS ANY RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For more information, please contact:
Olivier Roussy-Newton
General manager
ir@defi.tech
(323) 537-7681
