DeFi Technologies, Through its Subsidiary Valour, Launches Solana Exchange Traded Product on Nordic Exchange
Valour Inc., a subsidiary of DeFi Technologies Inc. and issuer of investment products focused on digital assets, has announced it has launched its Solana ETP on the NGM. Trading in Valour Solana ETP began. 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 capitalization at USD $52.36 billion.
Solana is a programmable blockchain that can run multiple decentralized finance operations.
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 ETP of Valour that is bought and sold on the NGM or other exchanges, 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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