DeFi
Valor Inc., the subsidiary of DeFi Technologies, announces the launch of a physical staking ETP for the Internet Computer Protocol (ICP) token
- Expansion of ETPs backed by physical media: DeFi Technologies subsidiary Valor Inc. announces a new product offering launching a physical-backed exchange-traded product (ETP) for the Internet Computer Protocol (ICP) token (ISIN: GB00BS2BDN04). The ETP is available for trading from February 14, 2024.
- Pioneering blockchain innovation: The Internet Computer Protocol (ICP) is a blockchain platform designed to extend the functionality of Web3. With a significant market capitalization of approximately $6 billion, Internet Computer has positioned itself as a major innovator in the blockchain space, with the ICP token ranking among the top 20 cryptocurrencies in the world.
TORONTO, February 20, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto-native technology company that is pioneering the convergence of traditional capital markets with the world of decentralized finance (“)Challenge“), is pleased to announce that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“AND P“) which provide simplified access to digital assets, launched its physical staking ETP for the ICP token
The Valor Internet Computer Protocol (ICP) ETP (ISIN: GB00BS2BDN04) provides retail and institutional investors with reliable, secure and diversified exposure to the innovative and fast-growing Internet computing ecosystem, enabling participation in a decentralized web platform which aims to redefine the future of the digital landscape.
The Internet Computer adds self-contained, serverless cloud functionality to the public Internet, making it possible to build almost any system or service entirely on a decentralized network. Developers and businesses no longer need to rely on legacy IT systems that are prone to hacks and downtime. The Internet computer is a tamper-proof and unstoppable network, a new paradigm of computing power.
“Through the launch of the Valor Internet Computer Protocol (ICP) ETP, we are expanding our portfolio and offering investors a broader spectrum of high-quality digital assets,” said Olivier Roussy Newton, CEO of DeFi Technologies and Director of Valor. “This initiative demonstrates our commitment to diversity and innovation in the investment landscape. By continually expanding our range of offerings, we aim to give investors the flexibility and opportunity to diversify their portfolios with cutting-edge digital assets, thereby fostering an inclusive and versatile financial market.
“Copper is proud to provide the necessary institutional support on the ICP network, enabling Valor to securely store and stake ICP tokens within Copper’s secure infrastructure. This setup provides the required framework for investors to gain exposure to ICP’s underlying technology, leveraging the highest technology standards for digital assets,” comments Mr. Benitez Rubianes, BD Director at Copper .co, Valor’s trusted custodian for digital assets.
Marco A. Infuso, Sales Director at Valor Europe AG, added: “This collaboration enables secure and easy access to ICP tokens through traditional brokers, banks and platforms. In this way, ICP can be integrated into every portfolio, just like stocks. and bonds have been for decades. Another milestone in crypto adoption for European customers.
About Internet Computer
The Internet Computer is powered by new “chain-key cryptography” that allows it to run at web speeds with efficiency, its smart contracts allow the web to be served directly to end users, and its on-chain computing can scale without limit. With these capabilities, mass-market Web3 services can operate entirely on-chain, opening the possibility for blockchain to become an alternative to traditional computing, such as cloud services. The Internet computer is governed and maintained by the Network Nervous System (NNS), a DAO embedded in the protocol that decides to use liquid democracy. This mission is supported by more than 200 world-renowned scientists and engineers specializing in cryptography, distributed systems, runtime environments, programming languages, and more. For more details, visit https://internetcomputer.org
About DeFi technologies
DeFi Technologies Inc. (NEO: CHALLENGE) (GR: MB9) (OTC: DEFTF) is a crypto-native technology company that is 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.
Join the DeFi Technologies digital community on Linkedin And Twitterand for more details visit https://defi.tech/
About Valor
Valor Inc. issues exchange-traded products (ETPs) that allow retail and institutional investors to access digital assets like Bitcoin simply and securely through their traditional bank account. Established in 2019, Valor is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: CHALLENGE) (GR: MB9) (OTC: DEFTF).
In addition to their new physical-backed digital asset platform, which includes 1Valor Bitcoin Physical Carbon Neutral FTE and 1Valor Ethereum physical staking, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (United), Cardano (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), carbon-neutral Bitcoin (BTCN) and Valor Digital Asset Basket 10 (VDAB10) ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment products fully hedged with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings.
For more information, to subscribe, or to receive company updates and financial information, visit value.com.
Cautionary Note 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 offering; growth in assets under management; distribution of assets under management; development of ETPs; future demand for FTEs; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by DeFi and its affiliates 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 as 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.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities offered in the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any securities laws of state and may not be offered or sold in the United States or to United States persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
THE CBOE CANADA EXCHANGE DISCLAIMS ANY RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE DeFi Technologies Inc.