- Trading in two new exchange-traded products (ETPs) – Valor Enjin (ENJ) EUR and Valor Cosmos (ATOM) EUR – begins May 26, 2022.
- ETPs will allow retail and institutional investors to gain exposure to ENJ and ATOM tokens simply and securely through their bank or broker.
Toronto, May 26, 2022 /PRNewswire/ – DeFi Technologies Inc.. (there “Company” or “DeFi Technologies”) (NEO:DEFI) (GR:RMJR) (OTC:DEFTF), a technology company that bridges the gap between traditional capital markets and decentralized finance, today announced that Valor Inc. (“Value“), its wholly-owned subsidiary and a pioneer of digital asset exchange-traded products (“AND P“), received approval to start trading Valor Enjin (ENJ) EUR and Valor Cosmos (ATOM) EUR on the Boerse Frankfurt Zertifikate AG (“‘Frankfurt Stock Exchange“). Trading of Valor Enjin (ENJ) EUR and Valor Cosmos (ATOM) EUR starts today, May 26, 2022.
The new ETPs will allow retail and institutional investors to gain exposure to native tokens from the Enjin and Cosmos networks as easily as buying shares from their bank or broker.
“We are thrilled to announce the listings of Enjin and Cosmos. With a focus on building a leading infrastructure and product offering, these new listings support our lofty ambitions,” said Tommy FransonCEO of Valor.
The ETP Valor Enjin (ENJ) EUR (ISIN CH1149139656) accurately tracks the price of ENJ, the native token of the Enjin protocol. Enjin (“ENJ“) is an online gaming community building platform based on the Ethereum blockchain. Enjin aims to facilitate the gaming experience for developers and players by providing value and crypto tools such as dev kits software (SDK), game plugins, wallets, virtual item management applications, as well as 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 US$600.74 million of the March 25, 2022.
The ETP Valor Cosmos (ATOM) EUR (ISIN CH1149139664) tracks the performance of the native Cosmos token. cosmos (“ATOM“) is a cryptocurrency that powers an ecosystem of blockchains designed to evolve and interact with each other. The team aims to “create an Internet of Blockchains, a network of blockchains capable of communicating with each other in a decentralized way.” Cosmos is an ATOM is currently among the top thirty cryptocurrencies in the world by market capitalization, at USD 2.9 billion as of March 25, 2022.
Valor offers fully hedged digital asset ETPs with low or no management fees, with product listings on four European exchanges. Valor’s existing product line includes Valor Uniswap (United), Gimbal (ADA), Spotted (POINT), Solana (FLOOR), and Avalanche (AVAX) ETP – as well as Valour’s flagship products, Bitcoin Zero and Valor Ethereum Zero, the first fully hedged passive investment product with Bitcoin (BTC) and Ethereum (ETH) as totally free underlyings, with competitors charging up to 2.5% management fees.
About DeFi Technologies
DeFi Technologies Inc. is a technology company that bridges the gap between traditional capital markets and decentralized finance. Our mission is to expand investors’ access to cutting-edge decentralized technologies that we believe are central to the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas for innovation, and build and invest in new technologies and businesses to provide trusted and diverse exposure across the decentralized finance ecosystem. For more information or to sign up to receive company updates and financial information, visit https://defi.tech/.
Valor Inc. issues publicly traded financial products that allow retail and institutional investors to access investments in disruptive innovations, such as digital assets, in a simple and secure way. Founded in 2019 and based in Zug, Swiss, Valor is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI) (GR: RMJR) (OTC: DEFTF). For more information about Valor, visit www.valor.com.
Caution Regarding Forward-Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the trading of Valor Enjin (ENJ) EUR and Valor Cosmos (ATOM) EUR; the growth of AUMs; the expansion of DeFi Technologies and Valor into other markets and geographies; the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its affiliates of business opportunities; and the potential merits or returns of 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 planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. 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 applicable, to differ materially from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, investor demand for DeFi Technologies and Valour’s products; the growth and development of DeFi, the metaverse and cryptocurrency industry; rules and regulations regarding 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 the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. 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 EXCHANGE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE DeFi Technologies, Inc.