Valour Inc., A Subsidiary Of Defi Technologies, Launches World’s First Uniswap Exchange Traded Product
New ETP, Valour Uniswap, will enable institutions and individuals to invest in Uniswap (UNI) as easily as buying shares from their bank or broker
Uniswap is the world’s largest decentralized exchange, with US$16.2bn USD in market cap and US$5.1bn USD Total Value Locked (TVL) in the protocol1
Valour currently has over US$290m in Assets Under Management (AUM) from its existing products
Trading in Valour Uniswap to begin on Frankfurt stock exchange later this week
DeFi Technologies Inc. a technology company bridging the gap between traditional capital markets and decentralized finance, announces that its subsidiary Valour Inc. (“Valour“), an issuer of digital asset exchange traded products (“ETPs“), will launch Valour Uniswap (VALOUR UNISWAP – CH1114178846) on the Börse Frankfurt Zertifikate AG (“Frankfurt“). The Valour Uniswap ETP enables investors to gain exposure to UNI, the native token of the world’s largest decentralised exchange, Uniswap, simply and securely, via their bank or broker.
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Uniswap, the world’s most popular decentralized exchange (“DEX“), is experiencing unprecedented growth, with $4.8bn in total liquidity currently in the platform2. 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. This past weekend, Uniswap Labs shared that the Uniswap protocol passed $500bn USD 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,” said Russell Starr, Executive Chairman & CEO of DeFi Technologies. “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.”
Valour CEO Diana Biggs said: “The future of financial services is being built on open, interoperable protocols, and Uniswap is a fantastic example of that. At Valour, our mission is to provide investors with the opportunity to gain exposure to these areas of innovation, in particular to decentralised finance (DeFi). Our Uniswap ETP, a world’s first, will do just that. We are encouraged by the continued growth of DeFi and are working hard to bring more products such as Valour Uniswap to market, making this important ecosystem of innovation available via mainstream investment channels.”
As of 25 October 2021, Valour has surpassed US$290 million in AUM from the trading of its products on the Nordic Growth Market (“NGM”) and Frankfurt. This achievement marks an exceptional first ten months of 2021, which has seen AUM grow more than 3033% since the start of the year.
By gaining exposure to digital assets via Valour, investors benefit from the standardisation, 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 or Frankfurt, Valour purchases or sells the equivalent amount of the underlying asset, meaning that Valour ETPs are fully backed at all times.
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