DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announces that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio press release covers Valour Inc., a wholly owned subsidiary of DeFi Technologies, and its Valour Uniswap Exchange Traded Product (“ETP”), which will enable institutions and individuals to invest in Uniswap (“UNI”) as easily as buying shares from their bank or broker.
As detailed in the news release, Uniswap, the world’s most popular decentralized exchange (“DEX”), is experiencing unprecedented growth, with $4.8 billion in total liquidity currently in the platform. An open-source protocol built on the Ethereum blockchain, it is a liquidity provider for the trading of tokens on the Ethereum network, known as ERC-20 tokens. In October, Uniswap Labs shared that the Uniswap protocol had surpassed $500 billion in total trading volume since its launch in November 2018.
“This is the first ever Uniswap ETP being offered to the investing public on traditional equity exchanges,” Russell Starr, Executive Chairman & CEO of DeFi Technologies, stated in the news release. “With a market capitalization of over US$16 billion, Uniswap is one of the largest and most traded defi protocols. We anticipate positive investor interest in our Uniswap ETP, which should also compound Valour’s AUM growth and create value for our shareholders.”
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As of October 25, 2021, Valour had surpassed $290 million in assets under management (“AUM”) from the trading of its products on the Nordic Growth Market (“NGM”) and Frankfurt. This achievement highlights an exceptional first 10 months of 2021, during which Valour’s AUM grew by more than 3,033%.
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