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Exchange traded product (“ETP”), Valour Solana (SOL) SEK, will enable institutions and individuals to invest in the SOL token as easily as buying shares from their bank or broker
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Trading in Valour Solana (SOL) SEK begins on the Boerse Frankfurt Zertifikate AG
DeFi Technologies Inc. (the “Company” or “DeFi Technologies”), a technology company bridging the gap between traditional capital markets and decentralized finance, announced today that Valour Inc. (“Valour”), its wholly owned subsidiary and a pioneer in digital asset exchange traded products (“ETPs”), received approval to begin trading Solana ETP (VALOUR SOLANA (SOL) EUR – CH1114178838) on the Boerse Frankfurt Zertifikate AG. Trading of Valour Solana ETP will begin February 2, 2022. The Valour Solana ETP enables investors to gain exposure to SOL, the native cryptocurrency in Solana’s ecosystem, simply and securely, via their bank or broker.
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Solana is the fastest blockchain in the world and the fastest growing ecosystem in the crypto universe, with more than 400 projects spanning DeFi, NFTs, Web3, and more. It currently sits among the top 10 cryptocurrencies in the world by market capitalization1 at USD $30.94 billion .
Solana is a programmable blockchain that can run multiple decentralized finance operations.
“DeFi Technologies is moving one step further in delivering upon its mission to empower investors. We look forward to continuing to provide investors access to industry leading ETP’s on regulated exchanges throughout Europe,” said Russell Starr, CEO of Defi Technologies. “We also look forward to introducing several new products in the coming days, and ultimately launching all our products on the Euronext exchange, the fourth largest exchange in the world.”
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By gaining exposure to digital assets via Valour, DeFi Technologies’ investors benefit from the standardisation, risk reduction and operational efficiency of a centrally-cleared product listed on a regulated stock exchange. For each Valour ETP that is bought and sold on Boerse Frankfurt Zertifikate AG or another exchange, Valour purchases or sells the equivalent amount of the underlying digital assets, meaning the ETPs are fully backed at all times.
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