- Introduction of Valor Dogecoin (DOGE) SEK ETP: Valor Inc., a subsidiary of DeFi Technologies, has listed the Valor Dogecoin (DOGE) ETP (ISIN: CH1108679320) on the Swedish Spotlight stock market, marking the first Dogecoin ETP available in the Nordics. This launch expands Valour’s digital asset product line, providing investors with exposure to Dogecoin, which currently holds a market capitalization of approximately $59.5 billion, ranking it as the 7th largest digital asset in the world.
- Understanding Dogecoin (DOGE): Dogecoin is an open source peer-to-peer digital currency that originated as a lightweight alternative to Bitcoin. Created in December 2013 by software engineers Billy Markus and Jackson Palmer, it features the Shiba Inu dog from the “Doge” meme as its logo. Despite its humorous beginnings, Dogecoin has developed a strong community and gained popularity in the cryptocurrency market. It operates on a decentralized network, using blockchain technology to facilitate secure and fast transactions. Similar to Bitcoin, the Dogecoin blockchain uses a proof-of-work consensus mechanism, requiring miners to solve complex mathematical problems to validate transactions and secure the network. Miners are rewarded by Dogecoin for their efforts, contributing to the circulation and security of the coin. Dogecoin is often used to tip online content creators and has been used in various charitable initiatives, reflecting its community ethos.
- Strategic Product Expansion: The launch of the Valor Dogecoin ETP highlights Valor’s commitment to providing innovative digital asset investment opportunities in a rapidly evolving financial landscape. By listing this ETP on the Spotlight exchange, Valor is providing Nordic investors with access to Dogecoin, a cryptocurrency that gained popularity following the US presidential election. New momentum, fueled by high-profile endorsements and increased public interest, reflects Dogecoin’s growing appeal. This initiative aligns with Valour’s strategy to expand access to a diverse range of digital assets, meeting the evolving preferences of investors in the region.
TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (CBOE CA: CHALLENGE) (GR: R9B) (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, listed the Valor Dogecoin (DOGE) ETP in the Nordics on the Spotlight Stock Market. This marks the launch of the first Dogecoin (DOGE) ETP in the region, providing investors with a way simple and secure to expose yourself to DOGE.
This launch provides investors with seamless access to Dogecoin, a leading cryptocurrency known for its active community and widespread adoption. With a market capitalization of approximately $59.6 billion, Dogecoin ranks as the 7th largest digital asset in the world.
The Valor Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320) is the latest addition to Valour’s growing portfolio of digital asset products. This ETP allows investors to gain exposure to the performance of Dogecoin without the complexities of owning cryptocurrency directly. With a competitive management fee of 1.9%, the ETP offers investors a simplified and secure way to participate in the cryptocurrency market.
“The introduction of the world’s first Dogecoin ETP in the Nordics represents an important milestone in our mission to democratize access to digital assets,” commented Elaine Buehler, Head of Product at Valour. “We are excited to provide investors with a regulated product that captures the essence of Dogecoin’s dynamic presence in the market.”
Dogecoin (DOGE) is an open source peer-to-peer cryptocurrency introduced in 2013 as a humorous alternative to Bitcoin. Originating as a parody of the cryptocurrency boom, Dogecoin features the iconic Shiba Inu dog from the viral “Doge” meme as its logo. Despite its light beginnings, Dogecoin has become a widely recognized and used digital currency with a vibrant community and a strong presence in the cryptocurrency market.
Dogecoin uses the Scrypt algorithm, allowing for fast and inexpensive transactions. Its inflationary design, with no maximum supply, allows for regular issuance of coins, making it suitable for microtransactions and everyday use. Dogecoin is commonly used for tipping content creators, charitable donations, crowdfunding initiatives, and payments with merchants like SpaceX and the Dallas Mavericks.
Driven by an active and loyal community, Dogecoin has maintained its relevance through continued development and widespread adoption. Its blend of accessibility, humor, and usefulness continues to contribute to its role as an important and enduring player in the cryptocurrency ecosystem.
“In light of the recent results of the US presidential election and the subsequent increase in demand for Dogecoin, the launch of the Valor Dogecoin ETP on the Spotlight exchange aligns with our mission to provide investors rapid access to in-demand digital assets,” said Johanna Belitz, Head of Nordics at Valour. “The growing popularity of Dogecoin, supported by influential figures like Elon Musk, highlights our commitment to providing innovative and diverse investment opportunities in the Nordics.”
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
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 through 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), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valor Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valor Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP 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, but is not limited to, the list of Valor Dogecoin (DOGE) ETP the development of the DOGE token; 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; the growth and development of the 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 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
