DeFi Technologies wholly owned subsidiary, Valour, experienced strong investor interest in Valour Terra (LUNA) ETP (ISIN CH1114178804) on the Nordic Growth Market (NGM) stock exchange that was listed on February 28, 2022
DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announced that Valour Inc., its wholly owned subsidiary and a pioneer in digital asset Exchange Traded Products (“ETPs”), announced today that the total assets under management after one week of trading of the Valour Terra (LUNA) ETP sat at $1,037,000 USD.
The Valour Terra (LUNA) ETP has experienced strong investor interest on the Nordic Growth Market (NGM) stock exchange that was listed on February 28, 2022.
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“We are happy to see the fast impact and interest for our ETPs on new protocols,” said Tommy Fransson, CEO of Valour. “It is a further proof of our ability to meet client demand and be first to market with innovations. The launch of Terra has once again showed the sophistication of self directed end clients fast adaptation among our Nordic investors.”
The Valour Terra (LUNA) ETP (ISIN CH1114178804) tracks the performance of LUNA, the native token of the Terra protocol, a leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency and the Terra ecosystem is a quickly expanding network of decentralized applications. LUNA is among the top ten cryptocurrencies in the world by market capitalization, currently at US$36.1 billion1.
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Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), and Terra (LUNA) ETPs, as well as Valour’s flagship Bitcoin Zero and Valour Ethereum Zero products, the first fully hedged, passive investment product with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee-free, with competitors still charging up to 2.5% in management fees.
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