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TORONTO, Sep 13, 2021
/ PRNewswire / – Valor Inc. (“Value“), 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 announced the launch of its ETP Solana ( VALOR SOLANA (SOL) SEK – CH1114178762) on the NGM. Trading in Valor Solana (SOL) SEK is scheduled to start on September 16, 2021. The Valor Solana ETP allows investors to gain exposure to SOL, the native cryptocurrency of the Solana ecosystem, in a simple and secure way, via their bank or broker.
TORONTO, Sept. 13, 2021 / PRNewswire via COMTEX / –
Solana is the world’s fastest blockchain and the fastest growing ecosystem in the crypto world, with over 400 projects spanning DeFi, NFT, Web3 and more. It is currently among the top ten cryptocurrencies in the world by market capitalization1, at $ 52.36 billion as of September 13.
Solanais a programmable blockchain that can perform multiple decentralized financial operations.
“The launch of the Valor Solana ETP is another achievement for our team in our mission to make the digital asset ecosystem accessible through consumer channels,” said Diana Biggs, CEO of Valor. “We have seen enormous interest in the Solana ecosystem and this product is a testament to the team’s ability to respond quickly to this demand, not only bringing innovative products to market, but also the most profitable for investors. This is yet another important step. for Valor and Defi Technologies as we continue to create not only breakthrough products, but shareholder value as well. With the Valor Solana ETP and other innovative ETPs in the works, as well as the imminent listing of our products on many other global exchanges, we expect our AUM to grow rapidly. ”
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 product of Valor 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.
“Solana has gained tremendous momentum in the broader blockchain community. It’s great to see our team detect this so quickly by creating a new ETP so that public market investors can benefit from this nascent but growing protocol, ”said Wouter Witvoet, President and CEO, DeFi Technologies .
1Coinmarketcap.com as of September 2, 2021
About Valor Solana (SOL) SEK
Valor Solana (SOL) SEK (ISIN: CH1114178770) is a fully hedged passive investment product with Solana’s native token, SOL, as the underlying asset. The new Valor Solana ETP, available in Swedish kronor, is traded on the NGM, a regulated exchange based in Stockholm, Sweden, under the local ticker VALOR SOLANA SEK. Available for purchase through banks or brokers in the same way as any other security, the Valor Solana ETP removes the mystery, complexity, and trading and custody costs of SOL that have so far hampered the widespread adoption of digital assets and decentralized finance.
Valor Inc. issues publicly traded financial products that allow retail and institutional investors to access investments in disruptive innovations, such as digital assets, in a simple and secure manner. Founded in 2019 and headquartered in Zug, Switzerland, Valor is a 100% 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 digital asset investment firm that bridges the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to cutting-edge decentralized technologies and the future of finance. We believe that decentralized technologies are at the heart of financial innovation. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and businesses to provide diverse exposure through decentralized finance. As a trusted partner to our clients and investors, we deliver cutting-edge products as well as superior research and training in this growing space. For more information visit https://defi.tech/.
Caution regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, without limitation, statements regarding the growth and adoption of decentralized finance; the pursuit by DeFi Technologies of business opportunities; the offer and trading of Valor Solana ETP on the NGM; the development of future FTEs and the merits or potential returns of such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”. , “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”, “occur” or “be reached”. 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. These risks, uncertainties and other factors include, but are not limited to, the growth and development of the Valor Solana ETP and the DeFi and cryptocurrency industry; the rules and regulations regarding DeFi; regulatory approval of ETPs and future adoption of Valor ETPs. Although the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as 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. Therefore, 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.
THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS BROADCAST.
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SOURCE DeFi Technologies, Inc.
COMTEX_393243338 / 2454 / 2021-09-13T07: 30: 17
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