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Valor Exchange Traded Products (“ETPs), listed on the Frankfurt Stock Exchange. The Frankfurt Stock Exchange is the 12th largest stock exchange in the world by market capitalization and is the largest of the seven regional stock exchanges in Germany
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Trading Bitcoin Zero and Ethereum Zero to get started Friday, October 1, 2021 at the Borse Frankfurt Zertifikate AG with Cardano ETP, Polkadot ETP and Solana ETP to follow
TORONTO, September 20, 2021 /CNW/ – Valor Inc. (“Courage“), a subsidiary of DeFi Technologies Inc. (the “Business” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF) and issuer of investment products focused on digital assets, has announced the pending listing of its Exchange Traded Products (“ETPs“) on the Frankfurt Stock Exchange Zertifikate AG.
Bitcoin Zero and Ethereum Zero Trading on the Frankfurt Stock Exchange Begins on Friday, October 1, 2021. Valor Cardano ETP, Polkadot ETP and Solana ETP follow shortly after.
Russell Starr, Executive Chairman of DeFi Technologies commented: “Listing in Germany is a significant event for DeFi and all of its shareholders. We expect substantial growth in our assets under management (AUM) as our products gain global recognition. The Valor team has done an exceptional job creating these cutting edge products.”
Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Brse AG and Brse Frankfurt Zertifikate AG. With 90 percent of sales generated in Germany, the Frankfurt Stock Exchange is the 12th largest stock exchange in the world by market capitalization and the largest of the seven regional stock exchanges in Germany.
Bitcoin Zero and Ethereum Zero closely track the price of BTC and ETH without charging management fees, making investing in the world’s best-known digital assets easier, safer and more cost-effective than any other option.
From September 7, 2021, Valor has surpassed US$208 million in assets under management (“AUM“) trading on the Nordic Growth Market Stock Exchange (“NGMThis performance marks an exceptional first eight months of 2021, in which AUM has grown by more than 1,400% since early 2021. The company expects growth in AUM to be significantly higher with quotes on the much larger market cap. from Frankfurt.
Through exposure to digital assets through Valour, 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 Valor ETP that is bought and sold on the NGM, Frankfurt Stock Exchange or other exchanges, Valor buys or sells the equivalent amount of the underlying digital assets, meaning the ETPs are fully covered at all times.
About the Frankfurt Stock Exchange
The Frankfurt Stock Exchange (German: Brse Frankfurt, former German name Frankfurter Wertpapierbrse – FWB) is the world’s 12th largest stock exchange by market capitalization. Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Brse AG and Brse Frankfurt Zertifikate AG. It is located in the Innenstadt district and in the central business district known as Bankenviertel.
With 90 percent of sales generated in Germany, namely on the two trading platforms Xetra and Brse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional stock exchanges in Germany.
About Valor
Valor Inc. issues listed financial products that enable retail and institutional investors to easily and securely access investments in disruptive innovations, such as digital assets. Founded in 2019 and based in Zug, SwitzerlandValor is a wholly owned subsidiary of DeFi Technologies Inc. (NEO:DEFI, GR: RMJ.F, OTC: DEFTF). For more information about Valour, please visit: www.valour.com.
About DeFi Technologies
DeFi Technologies Inc. is a digital asset investment company bridging the gap between traditional capital markets and decentralized finance. Our mission is to increase investor access to leading 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 ventures to provide diversified exposure to decentralized finance. As a trusted partner to our customers and investors, we provide industry-leading products and top quality research and education in this fast-growing space. For more information visit https://defi.tech/.
Warning 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; DeFi Technologies’ pursuit of business opportunities; listing and trading ETPs on the NGM on the Frankfurt Stock Exchange; the development of future ETPs and the merits or potential returns of such opportunities. In general, forward-looking information can be identified through the use of forward-looking terminology such as “plan”, “expect” or “do not expect”, “is expected”, “budget”, “planned”, “estimate”, “forecast”, ” intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and expressions or states that certain actions, events or results “may”, “may”, “should”, “may” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, activity level, performance or achievements, as the case may be, to differ materially from those expressed or implied by such forward-looking information . Such risks, uncertainties and other factors include, but are not limited to, the growth and development of the ETPs and the DeFi and cryptocurrency industry; rules and regulations regarding DeFi; regulatory approval of ETPs and future approval of Valour ETPs. While the company has attempted to identify important factors that could cause actual results to differ materially from those shown in forward-looking information, there may be other factors that could cause results not to be as expected, 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 the results anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The company makes no commitment to update any forward-looking information except in accordance with applicable securities laws.
THE NEO STOCK EXCHANGE ASSUMES NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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SOURCE DeFi Technologies, Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/september2021/20/c2400.html
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