## Valour Inc. Makes Strategic Move to Boost Nordic Crypto ETP Presence
Valour Inc., a leading issuer of exchange-traded products (ETPs) and a subsidiary of DeFi Technologies Inc., is making a significant strategic move to strengthen its position in the Nordic market. The company will be transferring 19 of its ETPs from the Nordic Growth Market (NGM) to the Spotlight Stock Market in Stockholm, Sweden. This transition is expected to enhance liquidity for Valour’s ETPs, which generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume over the past year.
This strategic move signifies Valour’s commitment to expanding its footprint in the Nordic ETP market, particularly for digital asset-related instruments. With this transfer, Valour will have a total of 23 instruments listed on Spotlight, solidifying its position as a major player on this marketplace.
Increased Liquidity and Market Expansion
The move to Spotlight is anticipated to significantly boost liquidity for Valour’s ETPs. The Spotlight Stock Market is known for its strong international trading potential, which will provide Valour with access to a wider investor base. This increased exposure is expected to drive growth and further cement Valour’s dominance in the Nordic crypto ETP space.
A Partnership for Growth
Johanna Belitz, Head of Nordics at Valour, expressed the company’s enthusiasm for the partnership with Spotlight Stock Market. She stated, “The collaboration with Spotlight Stock Market allows us to accelerate the pace of launching new instruments in the market. While we will initially have 23 instruments listed on Spotlight, our goal is to double that number. Together with Spotlight, we aim to become Europe’s leading platform for crypto ETPs.”
Anders Kumlin, CEO of Spotlight Stock Market, echoed this sentiment, emphasizing the mutual benefits of the collaboration. “We are very proud and pleased with our collaboration with Valour, which has given our ETP segment a strong start since its launch as recently as June of this year. By transferring all of its ETPs to the Spotlight Stock Market, Valour is advancing a relationship that holds high expectations, particularly for increasing the number of high-quality instruments traded in a secure environment.”
Popular Crypto Products
Among the ETPs being transferred are popular products based on Bitcoin, Ethereum, and Solana. Valour has confirmed that holders of these instruments will not need to take any action regarding the listing change, which is expected to proceed smoothly. The first trading day on Spotlight is scheduled for October 21, 2024.
This transition marks a significant step in Valour’s strategy to expand its reach in the international market for digital asset ETPs. By leveraging the advantages of the Spotlight Stock Market, Valour is well-positioned for continued growth and success in the rapidly evolving world of digital finance.
About DeFi Technologies
DeFi Technologies Inc. is a financial technology company that focuses on merging traditional capital markets with the world of decentralized finance (DeFi). The company aims to provide widespread investor access to the future of finance through its innovative Web3 technologies.
About Valour
Valour Inc. and Valour Digital Securities Limited issue exchange-traded products (ETPs) that provide retail and institutional investors with simple and secure access to digital assets through their traditional bank accounts. Valour is part of the asset management business line of DeFi Technologies Inc. Valour offers a diverse range of ETPs, including physical backed digital asset products and fully hedged digital asset ETPs with low to zero management fees. These products are listed on European exchanges, banks, and broker platforms.
Valour’s flagship products, Bitcoin Zero and Ethereum Zero, are the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings, and they are completely fee-free.