DeFi Technologies Valor subsidiary launches exchange-traded product Polkadot
- New Exchange Product (“ETP”), Valor Polkadot (POINT) SEK, will allow institutions and individuals to invest in the DOT token as easily as buying shares from their bank or broker
- Trade of Valor Polkadot (POINT) SEK has begun May 31, 2021 on the Nordic Market Growth Exchange
TORONTO, June 1, 2021 / PRNewswire / – Valor Structured Products Inc. (“Valor”), a subsidiary of DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF) and issuer of investment products focused on digital assets, has launched its Polkadot ETP (VALOR POLKADOT (POINT) SEK – CH1114178770) on the Nordic Growth Market (NGM). ETP Valor Polkadot allows investors to gain exposure to DOT, the native token of the Polkadot protocol, in a simple and secure way, via their bank or broker.
Spotted is a next-generation blockchain protocol that enables interoperability and scalability for multiple blockchains. An open-source project founded by the Web3 FoundationPolkadot’s native token, DOT, performs three essential functions: providing network governance, operating the network through staking, and supporting the creation of parachains, specialized blockchains that connect to Polkadot.
Polkadot is among the top ten cryptocurrencies in the world by market capitalization1, currently at USD $ 19.7 billion.
By gaining exposure to digital assets through Valor, DeFi Technologies investors benefit from the standardization, risk reduction and operational efficiency of a centrally cleared product listed on a regulated stock exchange. For each exchange-traded Valor product that is bought and sold on the exchange, Valor buys or sells the equivalent amount of the underlying digital assets, which means that the products are fully guaranteed at all times.
Coinmarketcap.com as of May 31, 2021
“We are delighted to be the first to offer a Polkadot ETP to Nordic countries,” said the CEO of Valor. Diana biggs. “This is a particularly exciting time for the Polkadot protocol with the upcoming launch of its parachain functionality, offering increased scalability and finalizing its core build. Our launch of Valor DOT SEK is a direct response to growing demand from institutional investors and retail for access to other innovative blockchain protocols via our ETPs, ”she added.
“Amazing to see another successful launch by the team. With Polkadot, we have now listed our second DeFi pure play ETN in May, ”said Wouter Witvoet, CEO of DeFi Technologies. “Polkadot has some of the smartest people behind the project, including the co-founder of Ethereum, Thiel Scholars, and experts in artificial intelligence. The potential for Polkadot to make it easier than ever to build and connect decentralized applications, services and institutions is an exciting prospect for the larger DeFi ecosystem. “
DeFi Technologies also announces that it has engaged Native Ads Inc. to execute a comprehensive digital media marketing campaign for the company. This programmatic digital advertising campaign will run over a 12-month period at a cost of approximately CA $ 312,500, and must include content creation, web development, media buying and distribution, creative ad development, campaign reporting and optimization.
About Valor Polkadot (POINT) SEK
Valor Polkadot (POINT) SEK (ISIN: CH1114178770) is a fully hedged passive investment product with Polkadot’s native token, DOT, as the underlying asset. The new ETP Valor Polkadot, available in Swedish kronor, is traded on the Nordic Growth Market (NGM), a regulated exchange based in Stockholm, Sweden, under the local symbol VALOR POLKADOT SEK. Available for purchase through banks or brokers in the same way as any other security, ETP removes the mystery, complexity, and costs of DOT investing and custody that have hitherto hampered l widespread adoption of digital assets and decentralized finance.
Valor Structured Products Inc. issues publicly traded financial products that enable retail and institutional investors to access investments in disruptive innovations, such as digital assets, in a simple and secure manner. Founded in 2019 and based in Zug, Switzerland, Valor is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI, GR: RMJ.F, OTC: DEFTF). For more information on Valor, visit www.valour.com.
About DeFi Technologies
DeFi Technologies Inc. is a Canadian company that operates with the goal of increasing shareholder value by building and managing assets in the decentralized financial sector. For more information, visit https://defi.tech/.
About Native Ads Inc.
Native Ads is a full-service advertising agency that owns and operates an exclusive ad exchange with over 80 integrated SSPs (supply-side platforms) resulting in daily access to three to seven billion ad impressions in North America.
Caution regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the growth and adoption of decentralized finance; the pursuit by DeFi Technologies of business opportunities; the offer and trading of Polkadot ETP on the NGM; the engagement of native ads and the merits or potential returns of such opportunities. Generally, forward-looking information can be identified through the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “planned” , “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declares that certain actions, events or results “Could”, “could”, “could”, “could” or “will be taken”, “will occur” or “will be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which 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 this forward-looking information. Although the company has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results to differ. anticipated, estimated or planned. 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 forward-looking information, except in accordance with applicable securities laws.
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SOURCE DeFi Technologies, Inc.