DeFi Technologies’ Subsidiary Valour Inc. Announces Launch of Physical Backed Staking ETP for the Internet Computer Protocol (ICP) Token
Lisbon, Portugal, March 5th, 2024, Chainwire
Valour Inc, one of the world’s leading issuers of Exchange-Traded Products (ETPs), and a subsidiary of DeFi Technologies Inc., has announced a strategic partnership with the Internet Computer Protocol (ICP) to launch a new physical-backed ETP for their native $ICP cryptocurrency token (ISIN: GB00BS2BDN04).
The Valour Internet Computer Protocol ETP, launched on February 14th, 2024, provides retail and institutional investors with trusted, secure, safe, and diversified exposure to the innovative and fast-growing Internet Computer ecosystem. This enables greater participation in a decentralized web platform that aims to redefine the future of the digital landscape.
“Through the launch of the Valour Internet Computer Protocol (ICP) ETP, we are expanding our portfolio and offering investors a broader spectrum of high-quality digital assets,” said Olivier Roussy Newton, CEO of DeFi Technologies and a Director of Valour.
This new partnership represents a significant moment for both Valour and the Internet Computer Protocol. The collaboration also closely aligns with the business mission of Valour’s parent company, DeFi Technologies Inc., which promises to pioneer the convergence of traditional capital markets with the world of decentralised finance, in pursuit of an agreeable middle ground.
“This initiative is a testament to our commitment to diversity and innovation in the investment landscape. By continuously broadening our range of offerings, we aim to empower investors with the flexibility and opportunity to diversify their portfolios with cutting-edge digital assets, fostering a more inclusive and versatile financial market,” he added.
The Internet Computer Protocol (ICP) is a major blockchain platform designed specifically to extend the functionality of Web3. Its native cryptocurrency token $ICP is in the global top 20, with a total market capitalization of around $6 billion. Positioned as a leading innovator in the space, the partnership with Valour and the new Exchange Traded Product will only further enhance the Internet Computer’s growing reputation, especially in regards to accessibility and progressive thinking.
Marco A. Infuso, CSO at Valour Europe AG, was quoted as saying, “This collaboration enables safe and easy access to ICP tokens via traditional brokers, banks, and platforms. In this way, ICP can be integrated into every portfolio, just as shares and bonds have been for decades.”
Investor Relations
ir@defi.tech
About the Internet Computer
The Internet Computer Protocol (ICP) is powered by its novel “Chain-Key Cryptography”, an advancement that allows it several advantages, such as increased speed, advanced smart contracts, and the ability to compute to scale without issue. It is thanks to these capabilities that Web3 services can run entirely on-chain and compete with traditional IT or Cloud services. Supporting the ICP mission are more than 200 world-renowned scientists and engineers specializing in cryptography, distributed systems, execution environments, programming languages, and more.
About DeFi Technologies
DeFi Technologies Inc. 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 and is committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem.
About Valour
Valour Inc. issues Exchange-Traded Products (ETPs) that enable retail and institutional investors to access digital assets like Bitcoin simply and securely. Established in 2019, Valour is a wholly owned subsidiary of DeFi Technologies Inc. Their services include a novel physical-backed digital asset platform, fully-hedged digital asset ETPs with low-to-zero management frees, and a variety of passive investment products.