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Valour Announces Launch of Cardano and Polkadot Exchange Traded Products (ETPs)
ZUG, Switzerland, May 18, 2021 /CNW/ - Valour Structured Products Inc. ("Valour"), a subsidiary of DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJ.F) (OTC: DEFTF) and issuer of investment products focused on digital assets, has announced the launch of its Cardano (ADA) ETP (VALOUR CARDANO SEK - CH1114178796) on the Nordic Growth Market (NGM) stock exchange on May 18, 2021. Valour is also anticipating the launch of Valour's Polkadot ETP (VALOUR POLKADOT SEK - CH1114178770) on the NGM exchange later in the month. Both products enable investors to gain exposure to the popular digital assets simply and securely, via their bank or broker. Cardano is an open-source, proof-of-stake blockchain platform which facilitates decentralised applications and peer-to-peer transactions via its native token, ADA. With a research driven approach and focus on the security, scalability 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 its ADA token move to the fourth largest digital asset by market capitalization in the past week1. Polkadot is a next generation blockchain protocol that enables interoperability and scalability for multiple blockchains. An open-source project founded by the Web3 Foundation, Polkadot's native token, DOT, carries out three essential functions: providing governance for the network, operating the network via staking, and supporting the creation of parachains, specialized blockchains that connect to Polkadot. Both are among the top ten cryptocurrencies in the world by capitalization2, with Cardano currently at USD $65 billion and Polkadot at USD $37 billion. 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 exchange traded product of Valour that is bought and sold on the stock exchange, Valour purchases the equivalent amount of the underlying digital assets, meaning the products are fully backed at all times. "Following the success of our Bitcoin and Ethereum ETPs, we've had growing investor demand for further digital asset products," said Valour CEO Diana Biggs. "With the increasing development and understanding of these technologies, we're thrilled to bring investors the most cost-effective and secure way to access investment in innovative protocols like Cardano and Polkadot." "It's great to see the progress Diana Biggs, CEO of Valour, and the team is making to launch another innovative product to the public markets. Cardano is a leading player in the crypto space with its blockchain that is focused on change-makers. It's novel in that it differentiates itself and has found a niche that it controls. However, for investors, it is sometimes hard to get access to these opportunities because of regulatory constraints for difficulty in navigating the crypto landscape," said Wouter Witvoet, CEO of DeFi Technologies. "Valour, part of DeFi, removes such constraints by providing easy access to crypto assets through your regular brokerage accounts. We're excited to see the market adoption and response to yet another great product coming out of the family." About the new Valour ETPs About Valour About DeFi Technologies Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies of business opportunities; the offering and trading of Valour's Cardano ETP and Polkadot ETP on the NGM; and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE About Nordic Growth Market Related Links Disclaimer Notes to Editors
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