- The Top 10 Digital Assets and Top 5 DeFi-specific Digital Assets will be available through a regulated exchange-traded product (“ETP”).
- Democratizes access for traditional financial investors to gain diversified exposure to a fast-growing asset class.
TORONTO, December 16, 2021 /PRNewswire/ – DeFi Technologies Inc. (the “Company” Where “DeFi Technologies“) (NEO:DEFI) (GR:RMJR) (OTC:DEFTF), a technology company that bridges the gap between traditional capital markets and decentralized finance, today announced that its wholly owned subsidiary, Valor Inc. (“Valour”), the pioneer digital asset ETP issuer has received approval to distribute its Top 10 Digital Assets and Top 5 DeFi ETPs.
Approval from Finansinspektionen, the Swedish Financial Supervisory Authority (SFSA), allows Valor Inc. to distribute the ETPs in the Swedish and European markets. The ETPs will consist of an index of the top 10 digital assets and the top 5 DeFi specific digital assets.
“The Top 10 Digital Assets and Top 5 DeFi ETPs will allow investors to gain diversified exposure to this exciting new asset class,” said Diana Biggs, CEO of Valor and Chief Strategy Officer of DeFi Technologies. “We are delighted with the approval of the SFSA Prospectus, as we continue our development of products that make exposure to digital asset investments secure and accessible.”
Valor offers fully hedged digital asset exchange-traded products with low to zero management fees. Valor’s Uniswap (United) ETP is the first and only in the world, together with Cardano (ADA), Peas (POINT) and Solana (GROUND) The ETPs are the first of their kind in the Nordic countries. Valor’s Bitcoin Zero and Valor Ethereum Zero remain the first and only fully hedged passive investment product with Bitcoin (BTC) and Ethereum (ETH) as totally free underlyings, with competitors charging up to 2.5% management fees.
Learn more about DeFi Technologies and Valor at challenge.tech and value.com.
About DeFi Technologies
DeFi Technologies Inc. is a technology company that bridges the gap between traditional capital markets and decentralized finance. Our mission is to expand investors’ access to cutting-edge decentralized technologies that we believe are central to the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas for innovation, and build and invest in new technologies and businesses to provide trusted and diverse exposure across the decentralized finance ecosystem. For more information or to sign up to receive company updates and financial information, visit https://defi.tech/.
Valor Inc. issues publicly traded financial products that provide retail and institutional investors with access to investments in disruptive innovations, such as digital assets, in a simple and secure way. Founded in 2019 and based in Zug, Switzerland, Valor is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI, GR: RMJ.F, OTC: DEFTF). For more information about Valor, visit www.valor.com.
Caution Regarding Forward-Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the listing of ETPs by Valour; the growth of AUMs; the expansion of DeFi Technologies and Valor into other geographies; the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its affiliates of business opportunities; and the potential merits or returns of such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as applicable, to differ materially from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, the acceptance of Valor ETPs by Frankfurt, Euronext and other stock exchanges; investor demand for DeFi Technologies and Valor products; the growth and development of the DeFi and cryptocurrency industry; rules and regulations regarding DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. 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. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
THE NEO EXCHANGE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE DeFi Technologies, Inc.