Valour confirms No Exposure to Silvergate Bank, Signature Bank or Silicon Valley Bank

Rhea-AI Summary

Valour Inc. (NEO: DEFI, OTC: DEFTF) announced the expansion of onboarding resources at its partially owned SEBA Bank AG due to increased customer demand following recent banking instabilities. The company confirmed it has no exposure to financial issues related to Silvergate Bank, Signature Bank, or Silicon Valley Bank, ensuring investor safety. CEO Olivier Roussy Newton emphasized SEBA's strategic importance during these challenging times, as it also reported heightened customer interest. Valour Cayman continues to offer low-cost digital asset ETPs across European exchanges, including products linked to Bitcoin and Ethereum.

Positive

• Increased customer interest at SEBA Bank AG due to banking developments.
• No exposure to Silvergate, Signature, or Silicon Valley Banks mitigates financial risk.
• Valour continues to offer a diverse range of low or zero-fee digital asset ETPs.

Negative

• None.

Valour's partially owned bank, SEBA Bank AG, is expanding onboarding resources due to higher customer demand amidst recent banking developments

TORONTO, March 13, 2023 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: MB9) (OTC: DEFTF), today confirms, in connection with the Company's commitment to providing transparent information, that neither itself nor any of its operating subsidiaries have any exposure to Silvergate Bank, Signature Bank or Silicon Valley Bank.

The company also confirms that SEBA Bank AG, one of its strategic investments, has no exposure to Silvergate, Silicon Valley Bank, or USDC "The strategic decision to acquire a stake in one of two digital assets licensed banks by the Swiss regulator FINMA, SEBA Bank has proven to be paying off, particularly during difficult times like these. SEBA bank has no exposure to USDC, Silvergate or Silicon Valley Bank and is seeing more interest from potential customers during the last days," said Olivier Roussy Newton, Chief Executive Officer of Valour, who also holds a seat on SEBA's management board. The security and safety of investors' funds will always remain the Company's top priority.

Valour Cayman offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour Cayman's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), Valour Bitcoin Carbon Neutral, and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour Cayman'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.

About Valour

Valour Inc. (NEO: DEFI) (GR: RMJ.F) (OTCQB: DEFTF) is a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets and finance. Founded in 2019, Valour is backed by an acclaimed and pioneering team with decades of experience in financial markets and digital assets. Valour's mission is to expand investor access to industry-leading Web3 and technologies. This allows investors to access the future of finance via regulated equity exchanges using their traditional bank account and access.

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; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by Valour 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 DeFi and cryptocurrency sector; rules and regulations with respect to DeFi 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.

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SOURCE Valour, Inc.

FAQ

What is Valour Inc.'s exposure to Silvergate Bank, Signature Bank, or Silicon Valley Bank?

Valour Inc. has confirmed that it has no exposure to Silvergate Bank, Signature Bank, or Silicon Valley Bank.

What recent developments are influencing SEBA Bank's customer demand?

SEBA Bank AG is experiencing increased customer demand due to recent instabilities in the banking sector.

What digital asset ETPs does Valour Cayman offer?

Valour Cayman offers a range of digital asset ETPs including products linked to Bitcoin and Ethereum with low management fees.

How is Valour Inc. addressing investor concerns amidst banking issues?

Valour Inc. is expanding onboarding resources and confirming no exposure to troubled banks to ensure investor confidence.