ICO News

DeFi Launches Fasted Blockchain in the World on Nordic Exchange – Stockhouse

Click to enlargeOn Thursday, DeFi Technologies Inc. (NEO: DEFI) announced that announced it had launched its Solana exchange traded product (ETP) on the Nordic Growth Market (NGM Exchange).

The Valour Solana ETP enables investors to gain exposure to SOL, the native cryptocurrency in Solana’s ecosystem, simply and securely, via their bank or broker.

A programmable blockchain that can run multiple decentralized finance operations, Solana is the fastest blockchain in the world and the fastest growing ecosystem in the crypto universe, with more than 400 projects spanning DeFi, NFTs, Web3, and others. According to Coinmarketcap data, it currently sits among the top 10 cryptocurrencies in the world by market capitalization at $52.36 billion (USD).

This follows news from earlier this month that its wholly owned subsidiary, Valour Inc. had surpassed $208 million (USD) (1.7 billion Swedish Krona (SEK) in assets under management (AUM), marking an exceptional first eight months of 2021 which has seen AUM leap more than 1400% since the start of 2021 . As of September 7th, 2021, Valour’s AUM stood at an impressive $208 million (USD), an equivalent of more than 1.7bn SEK.

Valour’s CEO Diana Biggs said that the continuing strong growth in the company’s AUM is reflective of increasing investor demand for what the team is building, with consistent net inflows into all of its products.

“We’re delighted to be providing the Nordics with the most accessible digital asset ETPs on the market and are extremely excited to soon be bringing not only more innovative products but launching in new geographies as well.”

Breakdown of Total AUM:

  • BTC Zero: 76´687´000 USD (record)
  • ETH Zero: 55´635′ 000 USD
  • ADA Valour: 58′ 099´000 USD
  • DOT Valour: 17´859´000 USD (record)
  • Total AUM: 208´280′ 000 USD

The pioneering issuer of digital asset ETPs, Valour 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.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.