DeFi Technologies' Subsidiary Valour Strengthens Nordic Market Strategy with Transfer of Crypto ETPs to Spotlight Stock Market
DeFi Technologies' subsidiary, Valour Inc., is set to transfer 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholm. This strategic move aims to enhance Valour's position in the Nordic ETP market, particularly for digital asset-related instruments. Over the past year, Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume.
With this transition, Valour will have a total of 23 instruments listed on Spotlight, positioning the company for greater liquidity and market expansion. The move is part of Valour's long-term strategy to become Europe's leading platform for crypto ETPs. The first trading day on Spotlight is scheduled for October 21, 2024. Popular products being transferred include ETPs based on Bitcoin, Ethereum, and Solana.
La filiale di DeFi Technologies, Valour Inc., sta per trasferire 19 dei suoi ETP dal Nordic Growth Market al Spotlight Stock Market di Stoccolma. Questa mossa strategica mira a rafforzare la posizione di Valour nel mercato nordico degli ETP, in particolare per quanto riguarda gli strumenti legati agli asset digitali. Nell'ultimo anno, gli ETP di Valour hanno generato un volume di scambi di circa 14,3 miliardi di SEK (1,3 miliardi di US$).
Con questa transizione, Valour avrà un totale di 23 strumenti quotati su Spotlight, posizionando l'azienda per una maggiore liquidità e espansione del mercato. Questa mossa fa parte della strategia a lungo termine di Valour per diventare la piattaforma leader in Europa per gli ETP crypto. Il primo giorno di contrattazioni su Spotlight è previsto per il 21 ottobre 2024. I prodotti popolari che verranno trasferiti includono ETP basati su Bitcoin, Ethereum e Solana.
La subsidiaria de DeFi Technologies, Valour Inc., está a punto de trasladar 19 de sus ETPs del Nordic Growth Market al Spotlight Stock Market en Estocolmo. Este movimiento estratégico tiene como objetivo mejorar la posición de Valour en el mercado nórdico de ETPs, particularmente para instrumentos relacionados con activos digitales. En el último año, los ETPs de Valour generaron aproximadamente 14.3 mil millones de SEK (1.3 mil millones de US$) en volumen de negociación.
Con esta transición, Valour tendrá un total de 23 instrumentos listados en Spotlight, posicionando a la empresa para una mayor liquidez y expansión del mercado. Esta movida es parte de la estrategia a largo plazo de Valour para convertirse en la plataforma líder de Europa para ETPs de cripto. El primer día de negociación en Spotlight está programado para el 21 de octubre de 2024. Los productos populares que se están transfiriendo incluyen ETPs basados en Bitcoin, Ethereum y Solana.
DeFi Technologies의 자회사인 Valour Inc.는 19개의 ETP를 Nordic Growth Market에서 스톡홀름의 Spotlight Stock Market로 이전할 예정입니다. 이 전략적 움직임은 디지털 자산 관련 도구에 특히 초점을 맞춰 Valour의 북유럽 ETP 시장에서의 위치를 강화하는 것을 목표로 합니다. 지난 1년 동안 Valour의 ETP는 약 143억 크로나(13억 달러)의 거래량을 기록했습니다.
이번 전환으로 Valour는 총 23개의 Spotlight에 상장된 도구를 가지게 되어 유동성과 시장 확장을 더욱 강화할 것입니다. 이번 전환은 Valour가 유럽의 주요 크립토 ETP 플랫폼이 되고자 하는 장기 전략의 일환입니다. Spotlight에서의 첫 거래일은 2024년 10월 21일로 예정되어 있습니다. 이전되는 인기 제품에는 비트코인, 이더리움, 솔라나 기반의 ETP가 포함됩니다.
La filiale de DeFi Technologies, Valour Inc., va transférer 19 de ses ETP du Nordic Growth Market vers le Spotlight Stock Market à Stockholm. Ce mouvement stratégique vise à renforcer la position de Valour sur le marché nordique des ETP, en particulier pour les instruments liés aux actifs numériques. Au cours de l'année dernière, les ETP de Valour ont généré un volume de trading d'environ 14,3 milliards de SEK (1,3 milliard de US$).
Avec cette transition, Valour aura un total de 23 instruments cotés sur Spotlight, positionnant la société pour une meilleure liquidité et une expansion du marché. Ce mouvement fait partie de la stratégie à long terme de Valour pour devenir la plateforme leader en Europe pour les ETP crypto. Le premier jour de négociation sur Spotlight est prévu pour le 21 octobre 2024. Les produits populaires transférés incluent des ETP basés sur Bitcoin, Ethereum et Solana.
Die Tochtergesellschaft von DeFi Technologies, Valour Inc., wird 19 ihrer ETP vom Nordic Growth Market an die Spotlight Stock Market in Stockholm übertragen. Dieser strategische Schritt zielt darauf ab, Valours Position im nordischen ETP-Markt, insbesondere für digitale Anlageinstrumente, zu stärken. Im vergangenen Jahr erzielten Valours ETPs ein Handelsvolumen von etwa 14,3 Milliarden SEK (1,3 Milliarden US$).
Mit diesem Übergang wird Valour insgesamt 23 Instrumente an Spotlight gelistet haben, was das Unternehmen für größere Liquidität und Marktexpansion positioniert. Dieser Schritt ist Teil von Valours langfristiger Strategie, die führende Plattform für Krypto-ETPs in Europa zu werden. Der erste Handelstag an Spotlight ist für den 21. Oktober 2024 geplant. Zu den beliebten Produkten, die übertragen werden, gehören ETPs, die auf Bitcoin, Ethereum und Solana basieren.
- Transfer of 19 ETPs to Spotlight Stock Market, increasing total listings to 23
- SEK 14.3 billion (US$1.3 billion) in trading volume over the past year
- Potential for increased liquidity and market expansion
- Goal to double the number of instruments listed on Spotlight
- Opportunity for increased international trading
- None.
- Strategic Move in Nordic Market: Valour Inc., a subsidiary of DeFi Technologies, will transfer 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in
Stockholm , aiming to enhance its position in the Nordic ETP market and support growth in crypto-related instruments. - Increased Liquidity and Market Expansion: With this move, Valour's ETPs, which generated approximately
SEK 14.3 billion (US ) in trading volume over the past year, will increase to 23 listings on Spotlight, positioning the company for greater liquidity and market expansion.$1.3 billion
Over the past twelve months, Valour's ETPs have generated a trading volume of approximately
"The collaboration with Spotlight Stock Market allows us to accelerate the pace of launching new instruments in the market. While we will initially have 23 instruments listed on Spotlight, our goal is to double that number. Together with Spotlight, we aim to become
"We are very proud and pleased with our collaboration with Valour, which has given our ETP segment a strong start since its launch as recently as June of this year. By transferring all of its ETPs to the Spotlight Stock Market, Valour is advancing a relationship that holds high expectations, particularly for increasing the number of high-quality instruments traded in a secure environment. Additionally, Valour's ETPs will now be traded on a platform with substantial potential for increased international trading," comments Spotlight Stock Market CEO Anders Kumlin.
Among the ETPs being transferred are popular products based on Bitcoin, Ethereum, and Solana as underlying assets. Valour emphasizes that holders of these instruments will not need to take any action regarding the listing change, which is expected to proceed smoothly with the first trading day on Spotlight scheduled for October 21, 2024.
This transition marks a new phase in Valour's partnership with Spotlight and is a key part of its long-term goal to expand and strengthen its presence in the international market for digital asset ETPs.
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 transfer of ETPs to Spotlight; Valour's growth strategy in the Nordics; 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
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SOURCE DeFi Technologies Inc.
FAQ
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