Valour Structured Products Inc. a subsidiary of DeFi Technologies Inc.and issuer of investment products focused on digital assets, has launched its Cardano (ADA) ETP (VALOUR CARDANO SEK – CH1114178796) on the Nordic Growth Market (NGM) stock exchange. 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.”