Ms. Diana Biggs reports
DEFI TECHNOLOGIES ANNOUNCES UNISWAP EXCHANGE TRADED PRODUCT (ETP) TO BEGIN TRADING ON NORDIC GROWTH MARKET THROUGH SUBSIDIARY VALOUR
Defi Technologies Inc. has launched Valour Uniswap SEK on Stockholm's Nordic Growth Market (NGM) through subsidiary Valour Inc., the issuer of digital asset exchange-traded products (ETP).
Valour launched its euro denominated Valour Uniswap ETP on Frankfurt Boerse in October, the first Uniswap ETP in the world. Its Swedish krona (SEK) denominated product, Valour Uniswap (UNI) SEK, listed on NGM, enables Nordic-based investors to gain exposure to UNI, the native token of the world's largest decentralized exchange, Uniswap, for the first time, simply and securely, via their bank or broker.
Uniswap, the world's most popular decentralized exchange (DEX) has experienced unprecedented growth, with currently $4.13-billion in TVL the platform, 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. In November, the Uniswap protocol passed $600-billion in total trading volume since its launch in November, 2018, according to Uniswap Labs.
Valour chief executive officer and Defi Technologies chief strategy officer Diana Biggs said: "The Nordic investment market for digital assets is one of the most developed in the world, with strong liquidity and engaged participants. We chose to launch Valour here in December, 2020, and we are now listing our pioneering UNI SEK product so that investors can benefit from the growth Uniswap is experiencing. At Valour, our mission is to provide investors with the opportunity to gain exposure to areas of innovation, in particular to decentralized finance (Defi). Our Valour Uniswap ETP, a world's first, does just that.
"We are extremely excited with the growth of Defi and are working hard to bring more innovative products such as Valour Uniswap ETP to market, making this important ecosystem of innovation available via mainstream investment channels for the Nordic markets."
In November, Valour surpassed $370-million (U.S.) in assets under management from the trading of its products on the NGM and Frankfurt Stock Exchanges (FSE). This achievement marks an exceptional first 11 months of 2021, which has seen AUM grow more than 4,000 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 NGM or the GSE, Valour purchases the equivalent amount of the underlying asset, meaning the products are fully backed at all times.
About Defi Technologies Inc.
Defi Technologies is a technology company bridging the gap between traditional capital markets and decentralized finance. The company's 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 the company's 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.
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