The top 10 digital assets and the top 5 digital assets specific to DeFi will be available through a regulated exchange traded product (âETPâ).
Democratizes the access of traditional financial investors to gain diversified exposure to a fast growing asset class.
TORONTO, December 16, 2021 / PRNewswire / – DeFi Technologies Inc. (the “Society” Where “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, today announced that its wholly-owned subsidiary, Valor Inc. (“Valor”), the Pioneering Digital Asset ETP Issuer has been approved to distribute its Top 10 Digital Asset ETPs and Top 5 DeFi ETPs.
The approval of Finansinspektionen, the Swedish Financial Supervisory Authority (SFSA) allows Valor Inc. to distribute ETPs in the Swedish and European markets. ETPs will consist of an index of the top 10 digital assets and the top 5 digital assets specific to DeFi.
“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. âWe are delighted with the approval of the SFSA prospectus, as we continue to develop products that make exposure to investments in digital assets secure and accessible. “
Valor offers fully hedged digital asset exchange traded products with low to zero management fees. Uniswap of Valor (United) ETP is the first and unique in the world, with Cardano (ADA), Peas (POINT) and Solana (GROUND) ETP the first of its kind in the Nordic countries. Bitcoin Zero and Valor Ethereum Zero remain the first and only passive investment product fully hedged with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings, with competitors charging up to 2.5% management fees.
About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to cutting-edge decentralized technologies which we believe are at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and businesses to provide reliable and diverse exposure across the decentralized finance ecosystem. For more information or to subscribe and receive company updates and financial information, visit https://defi.tech/.
Valor Inc. issues publicly traded financial products that allow retail and institutional investors to access investments in disruptive innovations, such as digital assets, in a simple and secure manner. 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 on Valor, visit www.valour.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, without limitation, statements regarding the listing of ETPs by Valor; growth in assets under management; the expansion of DeFi Technologies and Valor in other geographies; the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns from such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”. , “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declares that certain actions, events or results âCouldâ, âcouldâ, âcouldâ, âcouldâ or âwill be takenâ, âoccurâ or âbe reachedâ. 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 this forward-looking information. These risks, uncertainties and other factors include, without limitation, the acceptance of the Valor ETPs by Frankfurt, Euronext and other exchanges; investor demand for DeFi Technologies and Valor products; the growth and development of the DeFi and cryptocurrency sector; rules and regulations regarding DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated or planned. 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 does not undertake to update forward-looking information, except in accordance with applicable securities laws.
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SOURCE DeFi Technologies, Inc.