Alternative Investments/Digital: DeFi Launches Cardano, Polkadot, And Solana ETPs on Euronext
The three Valour ETPs commenced trading Wednesday, April 6.
DeFi Technologies’ subsidiary Valour Inc commenced trading of Valour Cardano (ADA), Valour Polkadot (DOT), and Valour Solana (SOL) ETPs on the Euronext exchanges in Paris and Amsterdam with effect from today. The ETPs offer a simple and secure route, through a bank or broker, to gain exposure to the ADA, DOT, and SOL tokens without the need to set up a crypto wallet. (Yahoo Finance)
DeFi Technologies is seeking to bridge the gap between the legacy financial markets and decentralized finance. The latest ETPs expand access for both retail and institutional investors to the native tokens of the Cardano, PolkaDot and Solana networks; they will charge a management fee of 1.9%.
Previously the firm has launched the following digital asset ETPs:
- Valour Uniswap (UNI),
- Avalanche (AVAX),
- Terra (LUNA)
- Valour’s flagship Bitcoin Zero and Valour Ethereum Zero products
“By adding to our product offerings in European markets, we are offering millions of investors who are interested in digital assets new and accessible ways to diversify their portfolios,” said Tommy Fransson, CEO. “I am confident that our low fee model and unparalleled access to this emerging asset class will serve as a catalyst for the long term growth of our Euronext offerings.”
“Investors are interested in the opportunity to get into crypto as it establishes itself, and Valour’s ETPs enable them to do that on regulated exchanges they know and trust,” said CEO of DeFi Technologies Russell Starr.
Related Story: Swiss Firm Valour Launches Fee Free Bitcoin Exchange Traded Product (ETP)
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