DeFi Technologies’ Wholly-Owned Subsidiary, Valour Structured Products, Announces a Record First Trading Day of its Newly Launched Cardano ETP
- Valour experienced record investor interest in Cardano (ADA) ETP (VALOUR CARDANO SEK – CH1114178796) (“Cardano ETP”) on the Nordic Growth Market (NGM) stock exchange that was listed on May 18, 2021.
- Total traded volume on the first day of trading of the Cardano ETP sat at over $110M SEK.
- ETH Zero and BTC Zero also had active trading days with each over $55M SEK in volume.
- DeFi and Valour will continue to launch its suite of cutting edge ETP’s with a focus on protocols that are ESG compliant such as our Cardano ETP with market demand for our novel products growing exponentially
DeFi Technologies Inc. announces that its wholly owned subsidiary, Valour Structured Products, has experienced record trading in Cardano (ADA) ETP on the NGM stock exchange in its first day of listing.
Cardano is an open-source, proof-of-stake blockchain platform which facilitates decentralized applications and peer-to-peer transactions via its native token, ADA. With a research driven approach and focus on the security, scalability, ESG compliance and programmability, Cardano’s development has been propelled in the past year. This, and increasing interest in the efficiency of proof-of-stake blockchains, has seen the ADA token move to the fourth largest digital asset by market capitalization in the past week.
Wouter Witvoet, CEO of Defi Technologies comments “It’s been tremendously exciting to see such clear market adoption of yet another novel exchange traded product. It shows that making investments in DeFi protocols easier is what people have been waiting for. I cannot be more excited about Valour’s upcoming Polkadot launch and other products that are in the pipeline to add to our vision of removing barriers to entry when it comes to investing in decentralized finance.”
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By gaining exposure to digital assets via Valour, shareholders of DeFi Technologies benefit from the standardization, risk reduction and operational efficiency of a centrally-cleared product listed on a regulated stock exchange. For each product that is bought and sold on the NGM, Valour purchases or sells the equivalent amount of the underlying asset, meaning the products are fully backed at all times.
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