-
DeFi
Technologies’ subsidiary, Valour Inc., introduces its innovative
Ethereum
Physical Staking ETP under the EU-wide issuance platform, Valour Digital Securities Limited (VDSL) on XETRA. Tax benefit for investors based in
Germany
after holding period of one year possible for the first time in
ETH
. -
The groundbreaking ETP, with a 1.49% management fee, provides investors with a simplified gateway to
Ethereum
staking while benefiting from robust security enhancements. -
Partnership with industry leaders like Copper Markets (
Switzerland
) AG and Blockdaemon ensures paramount security and a non-custodial staking environment for investors.
ZUG,
Switzerland
and
TORONTO
,
Aug. 22, 2023
/PRNewswire/ –
DeFi
Technologies Inc. (the ”
Company
” or ”
DeFi
Technologies
“) (NEO:
DEFI
) (GR: MB9) (OTC: DEFTF), 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, has launched its 1Valour
Ethereum
Physical Staking ETP, set to redefine and simplify the
Ethereum
investment landscape. This innovative product aims to harness the essence of
Ethereum
while offering investors access to additional yield income opportunities.
The 1Valour
Ethereum
Physical Staking ETP (ISIN GB00BRBMZ19) is issued by Valour’s new EU-wide issuance platform for physically stored digital assets Valour Digital Securities Limited (”
VDSL
“). This Jersey-based securities issuer has garnered approvals from both Swedish and Jersey regulatory entities and is underpinned by digital assets physically safeguarded by licensed custody providers.
Available for trading on the Frankfurter Wertpapierboerse/ XETRA, the new staking ETP is poised to simplify network participation for investors. With a fixed yield, undefined expiry and a 1.49% management fee, investors have the potential to earn passive returns, sidestepping the technical challenges involved with staking, and actively contributing towards the evolving
DeFi
landscape. Enhanced security measures including slashing insurance and full collateralization mean investors benefit from additional transparency and security measures.
Crypto
staking represents a cornerstone in blockchain dynamics. It enables enthusiasts to immerse in the governance and consensus of Proof of Stake (PoS) blockchains, earning rewards for their contributions. Contrary to energy-hungry Proof-of-Work systems, PoS networks lean on validators who pledge assets to corroborate and usher new blocks. However, the staking landscape isn’t without its intricacies – validators often grapple with asset lock-ups during bonding periods, as well as enduring unbonding spells prior to rewards being unlocked.
Olivier Roussy Newton
, CEO of Valour, comments, “The 1Valour
Ethereum
Physical Staking ETP exemplifies Valour’s commitment to creating innovative and trustworthy investment vehicles. We understand the challenges and complexities of
crypto
investments. Our mission is to bridge the gap, providing opportunities to enhance returns which are straightforward for our investors. In addition, all ETPs issued under the VDSL umbrella are endowed with the physical delivery option that might benefit investors based in
Germany
with a tax benefit after a holding period of one year.”
Partnering with elite entities like the VQF registered Copper Markets (
Switzerland
) AG for custody and industry stalwart Blockdaemon for staking services, Valour guarantees paramount security, ensuring a consistently collateralized, non-custodial staking environment.
Valour Inc. invites progressive investors to partake in this revolutionary venture, unlocking
Ethereum
‘s potential in the most accessible and safeguarded manner.
In addition to their novel digital asset platform, which includes
1Valour
Bitcoin
Physical Carbon Neutral
ETP and
Valour Digital Asset Basket 10
, 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 underlyings which are completely fee free.
About
DeFi
Technologies
DeFi
Technologies Inc. (
NEO:
DEFI
) (
GR: MB9
) (
OTC: DEFTF
) is a
crypto
native technology company that pioneers the convergence of traditional capital markets with the world of
decentralized
finance (
DeFi
).
With a dedicated focus on industry-leading Web3 technologies,
DeFi
Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem.
Join
DeFi
Technologies’ digital community on Linkedin and
Twitter
, and for more details, visit
https://
defi
.tech/
About Valour
Valour Inc. issues exchange traded products (ETPs) that enable retail and institutional investors to access digital assets like
Bitcoin
in a simple and secure way via their traditional bank account. Established in 2019 and based in Zug,
Switzerland
, Valour is a wholly owned subsidiary of
DeFi
Technologies Inc. (
NEO:
DEFI
) (
GR: MB9
) (
OTC: DEFTF
).
For more information on Valour, visit
https://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 the launch of the
1Valour
Ethereum
Physical Staking ETP; the VDSL platform; the regulatory environment with respect to the growth and adoption of decentralised finance; the pursuit by
DeFi
Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. 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 the acceptance of Valour exchange traded products by exchanges; growth and development of
DeFi
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.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/defi-technologies-incs-wholly-owned-subsidiary-valour-inc-unveils-ethereum-physical-staking-etp-simplifying-staking-innovation-for-traditional-investors-301906406.html
SOURCE DeFi Technologies Inc.
