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Defi's Valour lists Uniswap on Frankfurt Zertifickate

2021-10-28 07:38 ET - News Release

Mr. Russell Starr reports


Defi Technologies Inc.'s subsidiary, Valour Inc., has begun trading Valour Uniswap on the Boerse Frankfurt Zertifikate AG. The Valour Uniswap ETP (exchange-traded product) enables investors to gain exposure to UNI, the native token of the world's largest decentralized exchange, Uniswap, simply and securely, via their bank or broker.

  • 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 $12.6-billion (U.S.) in market capitalization and $5.1-billion (U.S.) total value locked (TVL) in the protocol (1).
  • Valour has reached over $290-million in assets under management (AUM) from its existing products this month.
  • Trading in Valour Uniswap began today on the Frankfurt Stock Exchange.

Uniswap, the world's most popular decentralized exchange (DEX), is experiencing unprecedented growth, with $4.8-billion in total liquidity currently in the platform (2). 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 $500-billion (U.S.) in total trading volume since its launch in November, 2018.

"We are pleased to announce today that the Valour Uniswap ETP created by our subsidiary Valour is now trading on the Boerse Frankfurt Zertifikate AG. This is the first-ever Uniswap ETP being offered to the investing public on traditional equity exchanges," said Russell Starr, executive chairman and chief executive officer of Defi Technologies. "With our fast-growing AUM [assets under management], over 3,000 per cent since January, we're excited to meet investor demand by offering one of the largest and most traded defi protocols in our Uniswap ETP."

Diana Biggs, chief executive officer of Valour, said: "Our Valour Uniswap ETP is the latest in our ongoing response to investor demand for simple, secure access to the decentralized finance (defi) ecosystem. We're thrilled to be bringing the world's first Uniswap ETP to the German market today, and we will continue to bring more innovative products to markets across Europe this year."

As of Oct. 25, 2021, Valour had surpassed $290-million (U.S.) in AUM from the trading of its products on the Nordic Growth Market (NGM) and Frankfurt. This achievement marks an exceptional first 10 months of 2021, which has seen AUM grow more than 3,033 per cent since the start of the year.

By gaining exposure to digital assets via Valour, investors 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 or Frankfurt, Valour purchases or sells the equivalent amount of the underlying asset, meaning that Valour ETPs are fully backed at all times.

(1) Figures sourced as taken from the Coin Market Cap website as of Oct. 25, 2021.

(2) Total liquidity in U.S. dollars as taken from the Uniswap website on Oct. 25, 2021.

About Valour Uniswap

Valour Uniswap is the world's first fully hedged, passive investment product with Uniswap's native token, UNI, as its underlying asset. The Valour Uniswap ETP, available in EUR, trades on the Boerse Frankfurt Zertifikate AG. Available for purchase via banks or brokers in the same way as any other security, Valour Uniswap removes the mystery, complexity and costs of UNI investment and custody that have thus far impeded mainstream adoption of digital assets and decentralized finance.

About Defi Technologies Inc.

Defi Technologies is a technology company bridging the gap between traditional capital markets and decentralized finance. Its mission is to expand investor access to industry-leading decentralized technologies which it believes lie at the heart of the future of finance. On behalf of its shareholders and investors, it identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem.

About Valour Inc.

Valour issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is a wholly owned subsidiary of Defi Technologies.

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