DeFi Technologies' Subsidiary Valour Expands Offerings with First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on Spotlight Stock Market
DeFi Technologies' subsidiary Valour Inc. has launched the first-ever Valour Bittensor (TAO) SEK ETP on Sweden's Spotlight Stock Market. The ETP provides Nordic investors exposure to TAO, the native token of the Bittensor network, which has a market cap of $3.9 billion and ranks #25 among digital assets globally. The product features a 1.9% management fee and enables investment in Bittensor's decentralized machine learning marketplace, where AI models can exchange capabilities in a peer-to-peer network. This launch marks a significant expansion of Valour's digital asset products in the Nordic region.
Valour Inc., filiale di DeFi Technologies, ha lanciato il primo Valour Bittensor (TAO) SEK ETP sul mercato azionario Spotlight di Svezia. L'ETP offre agli investitori nordici l'accesso a TAO, il token nativo della rete Bittensor, che ha una capitalizzazione di mercato di 3,9 miliardi di dollari e si posiziona al #25 tra gli asset digitali a livello globale. Il prodotto prevede una commissione di gestione dell'1,9% e consente di investire nel mercato decentralizzato di machine learning di Bittensor, dove i modelli AI possono scambiare capacità in una rete peer-to-peer. Questo lancio rappresenta un'importante espansione dei prodotti di asset digitali di Valour nella regione nordica.
Valour Inc., subsidiaria de DeFi Technologies, ha lanzado el primer Valour Bittensor (TAO) SEK ETP en el mercado de valores Spotlight de Suecia. El ETP ofrece a los inversores nórdicos exposición a TAO, el token nativo de la red Bittensor, que tiene una capitalización de mercado de 3,9 mil millones de dólares y ocupa el puesto #25 entre los activos digitales a nivel global. El producto presenta una tarifa de gestión del 1,9% y permite la inversión en el mercado descentralizado de aprendizaje automático de Bittensor, donde los modelos de IA pueden intercambiar capacidades en una red peer-to-peer. Este lanzamiento marca una expansión significativa de los productos de activos digitales de Valour en la región nórdica.
DeFi Technologies의 자회사 Valour Inc.가 스웨덴의 스포트라이트 증권 시장에서 최초의 Valour Bittensor (TAO) SEK ETP를 출시했습니다. 이 ETP는 북유럽 투자자들에게 Bittensor 네트워크의 네이티브 토큰인 TAO에 대한 노출을 제공합니다. TAO는 39억 달러의 시장 가치를 지니고 있으며 전 세계 디지털 자산 중에서 25위에 해당합니다. 이 제품은 1.9%의 관리 수수료를 특징으로 하며, AI 모델들이 P2P 네트워크에서 능력을 교환할 수 있는 Bittensor의 분산 기계 학습 마켓플레이스에 대한 투자를 가능하게 합니다. 이번 출시는 북유럽 지역에서 Valour의 디지털 자산 제품의 중요한 확장을 의미합니다.
Valour Inc., filiale de DeFi Technologies, a lancé le premier Valour Bittensor (TAO) SEK ETP sur le marché boursier Spotlight de Suède. L'ETP offre aux investisseurs nordiques une exposition à TAO, le token natif du réseau Bittensor, qui a une capitalisation boursière de 3,9 milliards de dollars et occupe la 25ème place parmi les actifs numériques au niveau mondial. Le produit présente un frais de gestion de 1,9% et permet d'investir dans le marché décentralisé d'apprentissage automatique de Bittensor, où les modèles d'IA peuvent échanger des capacités dans un réseau pair-à-pair. Ce lancement marque une expansion significative des produits d'actifs numériques de Valour dans la région nordique.
Valour Inc., eine Tochtergesellschaft von DeFi Technologies, hat das erste Valour Bittensor (TAO) SEK ETP an Schwedens Spotlight-Börse eingeführt. Das ETP bietet nordischen Investoren Zugang zu TAO, dem nativen Token des Bittensor-Netzwerks, das eine Marktkapitalisierung von 3,9 Milliarden Dollar hat und weltweit auf Platz #25 unter den digitalen Vermögenswerten rangiert. Das Produkt weist eine Verwaltungsgebühr von 1,9% auf und ermöglicht Investitionen in den dezentralen Marktplatz für maschinelles Lernen von Bittensor, wo KI-Modelle Fähigkeiten in einem Peer-to-Peer-Netzwerk austauschen können. Dieser Launch stellt eine bedeutende Erweiterung der digitalen Vermögensprodukte von Valour in der nordischen Region dar.
- First-mover advantage in Nordic markets with unique Bittensor ETP product
- Exposure to a top 25 digital asset with $3.9B market cap
- Revenue generation through 1.9% management fee
- Relatively high management fee of 1.9% may impact product competitiveness
- Introduction of Valour Bittensor (TAO) SEK ETP: DeFi Technologies' subsidiary Valour Inc. has launched the Valour Bittensor (TAO) ETP on Sweden’s Spotlight Stock Market, marking the first Bittensor ETP in the Nordics and expanding its suite of digital asset products with this cutting-edge decentralized machine learning asset. With a market cap of
$3.9 billion , TAO ranks #25 among digital assets globally. - Investment Opportunities in Decentralized Machine Learning: The Valour Bittensor (TAO) SEK ETP provides Nordic investors with unique exposure to TAO, the native token of the Bittensor network, now accessible for the first time in the region. Bittensor revolutionizes machine learning by creating a decentralized, peer-to-peer marketplace where machine intelligence can be exchanged, fostered, and traded. This network functions as a hive mind, pooling AI model intelligence into an ever-growing digital knowledge base and incentivizing global collaboration among developers.
- Strategic Product Expansion: The launch of the first Valour Bittensor ETP in the Nordics underscores Valour’s commitment to bringing innovative digital assets to the market. Listed on the Spotlight Stock Market, this ETP offers Nordic investors the opportunity to invest in groundbreaking advancements within decentralized AI and machine learning, representing a significant step forward in providing regional access to transformative digital assets.
TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance ("DeFi"), proudly announces that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange-traded products ("ETPs") providing simplified access to digital assets, has listed the first-ever Valour Bittensor (TAO) ETP in the Nordics on the Spotlight Stock Market. This launch provides investors with seamless access to TAO, the token that fuels Bittensor’s decentralized machine learning protocol. With a market cap of
The Valour Bittensor (TAO) SEK ETP (ISIN: CH1213604619) is the latest addition to Valour's range of innovative digital asset products, now available to Nordic investors. The ETP brings unparalleled exposure to the Bittensor network, which turns machine intelligence into a tradable asset within a decentralized marketplace. TAO's unique utility extends beyond traditional token use by representing individual contributions to this shared intelligence pool, embodying the collective insights within the Bittensor ecosystem. Featuring a
"With the TAO ETP, we’re setting a new standard for AI-backed investments, linking investors to the future of decentralized intelligence," commented Elaine Buehler, Head of Product at Valour. "This launch brings traditional investors into a dynamic AI ecosystem, pushing the boundaries of digital asset investment in the Nordics for the first time."
Unlike traditional centralized machine learning models, Bittensor allows AI models to exchange capabilities and predictions directly in a peer-to-peer network. This decentralized structure encourages diversity and innovation, making Bittensor a key driver in the evolution of machine learning.
"By launching the Valour Bittensor ETP in Sweden, we’re expanding investor access to the transformative potential of decentralized machine learning," said Johanna Belitz, Head of Nordics at Valour. "Our focus remains on providing high-quality products that reflect current market demands and foster innovation. This is an important milestone as the first Bittensor ETP in the Nordics."
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/
About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).
In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour 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), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour's flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. For more information about Valour, to subscribe, or to receive updates, visit valour.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 the listing of Valour Bittensor (TAO) ETP; the development of the TAO token; investor confidence in Valour’s ETPs; investor interest and confidence in digital assets; the regulatory environment with respect 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 any such opportunities. 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 the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance 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 forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information, please contact:
Olivier Roussy Newton
Chief Executive Officer
ir@defi.tech
(323) 537-7681
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