- Introduction of the Valor Sui ETP (SUI): Valor, the subsidiary of DeFi Technologies, has launched the Valor Sui (SUI) ETP on the Swedish Spotlight stock market, 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 (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, 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 billion, Sui 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 carries a management fee of 1.9%, 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.
“Meeting demand for Sui in Sweden 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 Sweden with the Valor Sui ETP reinforces our commitment to dominate the digital asset market in Europe,” added Olivier Roussy Newton, CEO of DeFi 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 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), 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 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; 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
