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DeFi Technologies' Subsidiary Valour Strengthens Nordic Market Strategy with Transfer of Crypto ETPs to Spotlight Stock Market

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DeFi Technologies' subsidiary Valour Inc. is transferring 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholm on October 21, 2024. This strategic move aims to enhance Valour's position in the Nordic ETP market and support growth in crypto-related instruments. Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume over the past year.

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 goal to become Europe's leading platform for crypto ETPs. Popular products being transferred include ETPs based on Bitcoin, Ethereum, and Solana. Holders of these instruments will not need to take any action regarding the listing change.

La sussidiaria di DeFi Technologies, Valour Inc., trasferirà 19 dei suoi ETP dal Nordic Growth Market al Spotlight Stock Market di Stoccolma il 21 ottobre 2024. Questo passo strategico mira a migliorare la posizione di Valour nel mercato nordico degli ETP e supportare la crescita degli strumenti legati alle criptovalute. Gli ETP di Valour hanno generato circa 14,3 miliardi di SEK (1,3 miliardi di dollari) in volume di negoziazione nell'ultimo anno.

Con questa transizione, Valour avrà un totale di 23 strumenti quotati su Spotlight, posizionando l'azienda per una maggiore liquidità e un'espansione del mercato. Questa mossa fa parte dell'obiettivo a lungo termine di Valour di diventare la piattaforma leader in Europa per gli ETP crypto. I prodotti popolari in fase di trasferimento includono ETP basati su Bitcoin, Ethereum e Solana. I possessori di questi strumenti non dovranno intraprendere alcuna azione riguardo al cambiamento di quotazione.

La subsidiaria de DeFi Technologies, Valour Inc., transferirá 19 de sus ETP del Nordic Growth Market al Spotlight Stock Market en Estocolmo el 21 de octubre de 2024. Este movimiento estratégico tiene como objetivo mejorar la posición de Valour en el mercado nórdico de ETP y apoyar el crecimiento de instrumentos relacionados con las criptomonedas. Los ETP de Valour generaron aproximadamente 14.3 mil millones de SEK (1.3 mil millones de dólares) en volumen de negociación durante el último año.

Con esta transición, Valour tendrá un total de 23 instrumentos listados en Spotlight, posicionando a la compañía para una mayor liquidez y expansión del mercado. Este movimiento es parte del objetivo a largo plazo de Valour de convertirse en la plataforma líder en Europa para ETP de criptomonedas. Los productos populares que se transferirán incluyen ETP basados en Bitcoin, Ethereum y Solana. Los poseedores de estos instrumentos no necesitarán tomar ninguna acción respecto al cambio de cotización.

DeFi Technologies의 자회사 Valour Inc.는 2024년 10월 21일에 19개의 ETP를 노르딕 성장 시장에서 스톡홀름의 스포트라이트 증권 시장으로 이전합니다. 이 전략적 조치는 Valour의 노르딕 ETP 시장에서의 입지를 강화하고 암호화폐 관련 상품의 성장을 지원하기 위한 것입니다. Valour의 ETP는 지난 1년 동안 약 143억 SEK(13억 달러)의 거래량을 생성했습니다.

이번 전환으로 Valour는 스포트라이트에 총 23개의 상품을 상장하게 되어, 더 큰 유동성과 시장 확장을 위한 입지를 다질 수 있게 됩니다. 이 조치는 Valour의 장기 목표 중 하나로서 유럽의 암호 ETP 리더 플랫폼으로 자리 잡는 것입니다. 이전될 인기 제품으로는 비트코인, 이더리움 및 솔라나 기반의 ETP가 있습니다. 이 상품의 보유자는 상장 변경에 대해 어떤 조치를 취할 필요가 없습니다.

La filiale de DeFi Technologies, Valour Inc., transférera 19 de ses ETP du Nordic Growth Market au Spotlight Stock Market à Stockholm le 21 octobre 2024. Ce mouvement stratégique vise à renforcer la position de Valour sur le marché nordique des ETP et à soutenir la croissance des instruments liés aux cryptomonnaies. Les ETP de Valour ont généré environ 14,3 milliards de SEK (1,3 milliard de dollars) en volume de transactions au cours de l'année écoulée.

Avec cette transition, Valour aura un total de 23 instruments cotés sur Spotlight, positionnant ainsi l'entreprise pour une plus grande liquidité et une expansion du marché. Ce mouvement s'inscrit dans l'objectif à long terme de Valour de devenir la plateforme leader en Europe pour les ETP crypto. Parmi les produits populaires transférés figurent des ETP basés sur Bitcoin, Ethereum et Solana. Les détenteurs de ces instruments n'auront pas besoin d'agir concernant le changement de cotation.

Die Tochtergesellschaft von DeFi Technologies, Valour Inc., wird am 21. Oktober 2024 insgesamt 19 ETPs vom Nordic Growth Market zum Spotlight Stock Market in Stockholm transferieren. Dieser strategische Schritt zielt darauf ab, die Position von Valour im nordischen ETP-Markt zu stärken und das Wachstum von kryptowährungsbezogenen Instrumenten zu unterstützen. Valours ETPs haben im vergangenen Jahr ein Handelsvolumen von etwa 14,3 Milliarden SEK (1,3 Milliarden USD) generiert.

Mit diesem Übergang wird Valour insgesamt 23 Instrumente an Spotlight gelistet haben, was das Unternehmen für eine höhere Liquidität und Markterweiterung positioniert. Dieser Schritt ist Teil von Valours langfristigem Ziel, die führende Plattform in Europa für Krypto-ETPs zu werden. Zu den beliebten Produkten, die transferiert werden, gehören ETPs, die auf Bitcoin, Ethereum und Solana basieren. Inhaber dieser Instrumente müssen in Bezug auf die Listing-Änderung keine Maßnahmen ergreifen.

Positive
  • Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume over the past year
  • Transition to Spotlight Stock Market expected to support continued strong growth and increased liquidity
  • Valour aims to double the number of instruments listed on Spotlight, currently at 23
  • Strategic move positions Valour as a significant player in the Nordic ETP market
Negative
  • 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$1.3 billion) in trading volume over the past year, will increase to 23 listings on Spotlight, positioning the company for greater liquidity and market expansion.

TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: RB9) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance ("DeFi"), is pleased to announce that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange-traded products ("ETPs") providing simplified access to digital assets, will delist 19 ETPs from the Nordic Growth Market (“NGM”) on exchange business close on 18 October 2024, and relist them to the Spotlight Stock Market (“Spotlight”) in Stockholm, Sweden on 21 October 2024. This decision represents a significant step in Valour’s growth strategy within the Nordic market and strengthens its position in the ETP segment, particularly for digital asset-related instruments.

Over the past twelve months, Valour's ETPs have generated a trading volume of approximately SEK 14.3 billion (US$1.3 Billion), and the move to Spotlight is anticipated to support continued strong growth and increased liquidity. With this transition, Valour will have a total of 23 instruments listed on Spotlight, establishing Valour as a significant player on this marketplace.

“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 Europe’s leading platform for crypto ETPs,” says Johanna Belitz, Head of Nordics at Valour.

“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 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

When will Valour Inc. transfer its ETPs to the Spotlight Stock Market?

Valour Inc. will transfer 19 ETPs from the Nordic Growth Market to the Spotlight Stock Market on October 21, 2024.

What is the trading volume of Valour's ETPs over the past year?

Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume over the past twelve months.

How many instruments will Valour have listed on Spotlight after the transfer?

After the transfer, Valour will have a total of 23 instruments listed on the Spotlight Stock Market.

What are some of the popular ETPs being transferred by Valour (DEFTF)?

Some of the popular ETPs being transferred by Valour include products based on Bitcoin, Ethereum, and Solana as underlying assets.

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