DeFi Technologies’ Subsidiary Valour Launches First Dogecoin (DOGE) ETP in the Nordics on Spotlight Stock Market
DeFi Technologies' subsidiary Valour Inc. has launched the first Dogecoin (DOGE) ETP in the Nordics on Sweden's Spotlight Stock Market. The Valour Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320) offers investors exposure to DOGE, currently the 7th largest digital asset with a market cap of approximately $59.5 billion. The ETP features a 1.9% management fee and provides a regulated investment vehicle without the complexities of direct cryptocurrency ownership.
Dogecoin, launched in 2013 as a peer-to-peer cryptocurrency, uses the Scrypt algorithm for fast, low-cost transactions. Despite its origins as a Bitcoin parody, it has evolved into a widely recognized digital currency used for tipping, charitable donations, and merchant payments.
La sussidiaria di DeFi Technologies, Valour Inc., ha lanciato il primo ETP di Dogecoin (DOGE) nei paesi nordici sul mercato azionario Spotlight in Svezia. L'ETP Valour Dogecoin (DOGE) SEK (ISIN: CH1108679320) offre agli investitori un'esposizione a DOGE, attualmente il settimo asset digitale più grande con una capitalizzazione di mercato di circa 59,5 miliardi di dollari. L'ETP presenta una commissione di gestione dell'1,9% e fornisce un veicolo di investimento regolamentato senza le complessità del possesso diretto di criptovalute.
Dogecoin, lanciato nel 2013 come criptovaluta peer-to-peer, utilizza l'algoritmo Scrypt per transazioni veloci e a basso costo. Nonostante le sue origini come parodia di Bitcoin, si è evoluto in una valuta digitale ampiamente riconosciuta utilizzata per mance, donazioni benefiche e pagamenti ai commercianti.
La subsidiaria de DeFi Technologies, Valour Inc., ha lanzado el primer ETP de Dogecoin (DOGE) en los países nórdicos en el mercado de valores Spotlight de Suecia. El ETP Valour Dogecoin (DOGE) SEK (ISIN: CH1108679320) ofrece a los inversionistas exposición a DOGE, actualmente el séptimo activo digital más grande con una capitalización de mercado de aproximadamente 59,5 mil millones de dólares. El ETP incluye una tarifa de gestión del 1,9% y proporciona un vehículo de inversión regulado sin las complejidades de la propiedad directa de criptomonedas.
Dogecoin, lanzado en 2013 como una criptomoneda peer-to-peer, utiliza el algoritmo Scrypt para transacciones rápidas y de bajo costo. A pesar de su origen como una parodia de Bitcoin, se ha convertido en una moneda digital ampliamente reconocida utilizada para propinas, donaciones benéficas y pagos a comerciantes.
DeFi Technologies의 자회사 Valour Inc.가 스웨덴의 Spotlight 주식 시장에서 북유럽 최초의 도지코인 (DOGE) ETP를 출시했습니다. Valour Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320)는 현재 약 595억 달러의 시장 가치를 가진 7번째로 큰 디지털 자산인 DOGE에 대한 투자자 노출을 제공합니다. 이 ETP는 1.9%의 관리 수수료를 특징으로 하며, 직접 암호화폐 소유의 복잡성 없이 규제된 투자 수단을 제공합니다.
도지코인은 2013년에 피어 투 피어 암호화폐로 출시되었으며, 빠르고 저렴한 거래를 위해 Scrypt 알고리즘을 사용합니다. 비트코인의 패러디로 시작했지만, 이제는 팁, 자선 기부 및 상인 결제에 사용되는 널리 인정받는 디지털 통화로 발전했습니다.
La filiale de DeFi Technologies, Valour Inc., a lancé le premier ETP Dogecoin (DOGE) dans les pays nordiques sur le marché boursier Spotlight en Suède. L'ETP Valour Dogecoin (DOGE) SEK (ISIN: CH1108679320) offre aux investisseurs une exposition à DOGE, actuellement le septième actif numérique le plus important avec une capitalisation boursière d'environ 59,5 milliards de dollars. L'ETP présente des frais de gestion de 1,9% et fournit un véhicule d'investissement régulé sans les complexités de la possession directe de cryptomonnaies.
Dogecoin, lancé en 2013 en tant que cryptomonnaie pair-à-pair, utilise l'algorithme Scrypt pour des transactions rapides et peu coûteuses. Malgré ses origines en tant que parodie de Bitcoin, il a évolué pour devenir une monnaie numérique largement reconnue, utilisée pour les pourboires, les dons caritatifs et les paiements auprès des commerçants.
Die Tochtergesellschaft von DeFi Technologies, Valour Inc., hat das erste Dogecoin (DOGE) ETP in den nordischen Ländern an der schwedischen Spotlight-Börse eingeführt. Das Valour Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320) bietet Anlegern eine Möglichkeit, sich an DOGE zu beteiligen, das derzeit die siebtgrößte digitale Anlage mit einer Marktkapitalisierung von etwa 59,5 Milliarden US-Dollar ist. Das ETP weist eine Verwaltungsgebühr von 1,9% auf und stellt ein reguliertes Anlageinstrument bereit, das die Komplexität des direkten Besitzes von Kryptowährungen vermeidet.
Dogecoin, das 2013 als Peer-to-Peer-Kryptowährung eingeführt wurde, verwendet den Scrypt-Algorithmus für schnelle und kostengünstige Transaktionen. Trotz seiner Ursprünge als Parodie auf Bitcoin hat es sich zu einer weithin anerkannten digitalen Währung entwickelt, die für Trinkgelder, wohltätige Spenden und Händlerzahlungen verwendet wird.
- First Dogecoin ETP launched in the Nordic region, expanding market presence
- Competitive management fee of 1.9% for the ETP product
- Exposure to the 7th largest digital asset ($59.5B market cap)
- None.
- Introduction of Valour Dogecoin (DOGE) SEK ETP: DeFi Technologies’ subsidiary Valour Inc. has introduced the Valour Dogecoin (DOGE) ETP (ISIN: CH1108679320) on Sweden’s Spotlight Stock Market, marking the first Dogecoin ETP available in the Nordics. This launch expands Valour’s suite of digital asset products, offering investors exposure to Dogecoin, which currently holds a market capitalization of approximately
$59.5 billion , ranking it as the 7th largest digital asset globally. - Understanding Dogecoin (DOGE): Dogecoin is an open-source, peer-to-peer digital currency that originated as a lighthearted alternative to Bitcoin. Created in December 2013 by software engineers Billy Markus and Jackson Palmer, it features the Shiba Inu dog from the “Doge” meme as its logo. Despite its humorous beginnings, Dogecoin has developed a robust community and gained significant traction in the cryptocurrency market. It operates on a decentralized network, utilizing blockchain technology to facilitate secure and swift transactions. Similar to Bitcoin, the Dogecoin blockchain uses proof-of-work consensus mechanism, requiring miners to solve complex mathematical problems to validate transactions and secure the network. Miners are rewarded with Dogecoin for their efforts, contributing to the coin’s circulation and security. Dogecoin is often used for tipping content creators online and has been employed in various charitable initiatives, reflecting its community-driven ethos.
- Strategic Product Expansion: The launch of the Valour Dogecoin ETP highlights Valour’s commitment to delivering innovative digital asset investment opportunities in a rapidly evolving financial landscape. By listing this ETP on the Spotlight Stock Market, Valour provides Nordic investors with access to Dogecoin, a cryptocurrency that has gained significant traction following the U.S. presidential election. Renewed momentum, fueled by high-profile endorsements and increased public interest, reflects Dogecoin’s growing appeal. This initiative aligns with Valour’s strategy to expand access to a diverse range of digital assets, addressing the changing preferences of investors in the region.
TORONTO, Nov. 26, 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 Valour Dogecoin (DOGE) ETP in the Nordics on the Spotlight Stock Market. This marks the launch of the first Dogecoin (DOGE) ETP in the region, offering investors a simple and secure way to gain exposure to DOGE.
This launch grants investors seamless access to Dogecoin, a prominent cryptocurrency known for its active community and widespread adoption. With a market cap of approximately
The Valour Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320) is the latest addition to Valour’s expanding portfolio of digital asset products. This ETP enables investors to gain exposure to Dogecoin’s performance without the complexities of direct cryptocurrency ownership. Featuring a competitive management fee of
“Introducing the world’s first Dogecoin ETP in the Nordics represents a significant milestone in our mission to democratize access to digital assets,” commented Elaine Buehler, Head of Product at Valour. “We are excited to provide investors with a regulated product that captures the essence of Dogecoin’s dynamic market presence.”
Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency introduced in 2013 as a humorous alternative to Bitcoin. Originating as a parody of the cryptocurrency boom, Dogecoin features the iconic Shiba Inu dog from the viral “Doge” meme as its logo. Despite its lighthearted beginnings, Dogecoin has evolved into a widely recognized and utilized digital currency with a vibrant community and a strong presence in the cryptocurrency market.
Dogecoin uses the Scrypt algorithm, enabling fast and low-cost transactions. Its inflationary design, with no maximum supply, supports steady coin issuance, making it suitable for microtransactions and everyday use. Dogecoin is commonly used for tipping content creators, charitable donations, crowdfunding initiatives, and payments with merchants like SpaceX and the Dallas Mavericks.
Driven by an active and loyal community, Dogecoin has maintained relevance through ongoing development and widespread adoption. Its blend of accessibility, humor, and utility continues to contribute to its role as a significant and enduring player in the cryptocurrency ecosystem.
“In light of the recent U.S. presidential election results and the subsequent surge in demand for Dogecoin, the launch of the Valour Dogecoin ETP on the Spotlight Stock Market aligns with our mission to provide investors with timely access to high-demand digital assets,” said Johanna Belitz, Head of Nordics at Valour. “The growing popularity of Dogecoin, bolstered by influential figures like Elon Musk, highlights our commitment to delivering innovative and diversified investment opportunities 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 listing of Valour Dogecoin (DOGE) ETP the development of the DOGE 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
FAQ
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