Trading of two new exchange traded products (ETPs) - Valour Enjin (ENJ) EUR and Valour Cosmos (ATOM) EUR - begins May 26, 2022.
The ETPs will enable retail and institutional investors to gain exposure to the ENJ and ATOM tokens simply and securely via their bank or broker.
Toronto, May 26, 2022 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies'') (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralised finance, announced today that Valour Inc. ("Valour"), its wholly owned subsidiary and a pioneer in digital asset exchange traded products ("ETPs"), received approval to begin trading Valour Enjin (ENJ) EUR and Valour Cosmos (ATOM) EUR on the Boerse Frankfurt Zertifikate AG (''Frankfurt Stock Exchange"). Trading of Valour Enjin (ENJ) EUR and Valour Cosmos (ATOM) EUR begins today, May 26, 2022.
The new ETPs will enable both retail and institutional investors to gain exposure to the native tokens of the Enjin and Cosmos networks as easily as buying shares from their bank or broker.
"We are excited to announce the listings of Enjin and Cosmos. With the focus on creating a state of the art infrastructure and product offering, these new listings support our high ambitions", says Tommy Fransson, CEO of Valour.
The Valour Enjin (ENJ) EUR ETP (ISIN CH1149139656) precisely tracks the price of ENJ, the native token of the Enjin protocol. Enjin ("ENJ") is an online gaming community creation platform built on Ethereum blockchain. Enjin aims to make the gaming experience easy for developers and players by providing crypto-backed value and tools like software development kits (SDKs), game plugins, wallets, virtual item management apps, along with a payment gateway platform. Using the Enjin platform, gamers and content creators can easily manage, distribute, and trade their virtual goods, including NFTs. ENJ is currently among the top eighty cryptocurrencies in the world by market capitalization, at USD$600.74 million as of March 25, 2022.
The Valour Cosmos (ATOM) EUR ETP (ISIN CH1149139664) tracks the performance of the native token of Cosmos. Cosmos ("ATOM") is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain. ATOM is currently among the top thirty cryptocurrencies in the world by market capitalization, at USD$2.9 billion as of March 25, 2022.
Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), and Avalanche (AVAX) ETPs – as well as Valour's flagship Bitcoin Zero and Valour Ethereum Zero products, the first fully hedged, passive investment product with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee-free, with competitors charging up to 2.5% in management fees.
About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://defi.tech/.
Valour Inc. 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 Inc. (NEO: DEFI) (GR: RMJR) (OTC: DEFTF). For more information on Valour, visit www.valour.com.
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 trading of Valour Enjin (ENJ) EUR and Valour Cosmos (ATOM) EUR; the growth of AUM; expansion of DeFi Technologies and Valour into other markets and geographic areas; the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; 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. Such risks, uncertainties and other factors include, but is not limited to investor demand for DeFi Technologies' and Valour's products; the growth and development of DeFi, the metaverse and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. 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
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SOURCE DeFi Technologies, Inc.
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