DeFi Technologies Inc. (the “Company” or “DeFi Technologies”), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (“DeFi”), is excited to announce that its subsidiary Valour Inc. (“Valour”), a leading issuer of exchange-traded products (“ETPs”) that provide simplified access to digital assets, plans to launch a Ripple (XRP) ETP on a European exchange in early December 2023.
Industry sources added that Ripple XRP is a key player in the digital currency space, known for its use in facilitating rapid and low-cost international money transfers. Operating on RippleNet, XRP serves as a bridge currency in Ripple’s payment network, allowing for seamless currency exchanges worldwide. This has positioned XRP as a preferred choice for financial institutions seeking efficient alternatives to traditional cross-border payment methods.
“The introduction of the Ripple (XRP) ETPs by Valour is a significant expansion of our product offerings,” stated Marco Infuso, Chief Sales Officer of Valour. “Adding XRP to our suite of products caters to the growing demand for diverse digital asset investments in European markets. These ETPs provide European investors with access to leading cryptocurrencies, aligning with our commitment to democratizing and pioneering the digital asset market for traditional investors.”
Industry sources added that Valour continues to prioritize product innovation and development, and it has plans to list additional traditional and physically backed ETPs in the coming months.
In addition to its novel digital asset platform, which includes 1Valour Ethereum Physical Staking ETP and 1Valour Bitcoin Physical Carbon Neutral ETP, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks, and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), Bitcoin Carbon Neutral (BTCN) and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlying which are completely feel-free.
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