©Reuters.
TORONTO – Valor Inc., a subsidiary of DeFi Technologies Inc. (NEO: DEFI) (GR: MB9) (OTC: DEFTF), announced the launch of a new physically-backed exchange-traded product (ETP), Valor HBAR Staking AND P. This product, created in collaboration with The Hashgraph Association, aims to provide investors with simplified access to Hedera Hashgraph’s native cryptocurrency, HBAR, which is recognized for its efficient and respectful proof-of-stake consensus mechanism. environment.
The Valor HBAR Staking ETP is designed to expand access to cryptocurrencies for institutional investors through traditional exchanges such as XETRA. The introduction of this product is part of Valour’s ongoing efforts to expand its portfolio of physically-backed digital asset products. Previously, the company partnered with Bitcoin Suisse to strengthen its commitment to the digital asset space.
Hedera Hashgraph stands out in the cryptocurrency market with a market capitalization of $2.5 billion and a ranking among the top forty global cryptocurrencies. Governed by an independent board comprised of Fortune 500 companies and leading academic institutions, Hedera’s decentralized ledger technology is renowned for its low power consumption and robust security features.
Valour’s product offering also includes the 1Valour Bitcoin Physical Carbon Neutral ETP, which launched on June 15, 2023. This ETP, like Valour’s other products, is backed by digital assets held by regulated custodians, which which demonstrates the company’s commitment to safe and environmentally friendly investment options.
DeFi Technologies, Valour’s parent company, continues to lead the way in integrating traditional capital markets with decentralized finance, focusing on the development of industry-leading Web3 technologies. This approach aims to democratize investor access to the evolving financial ecosystem.
This information is based on a press release from DeFi Technologies Inc. and does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities offered have not been registered under the US Securities Act and may not be offered or sold in the United States absent registration or an exemption from such registration.
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