TORONTO - Valour Inc., a subsidiary of DeFi Technologies Inc. (NEO: DEFI) (GR: MB9) (OTC: DEFTF), has announced the launch of a new physically backed Exchange Traded Product (ETP), the Valour HBAR Staking ETP. This product, created in collaboration with The Hashgraph Association, aims to offer investors simplified access to the Hedera Hashgraph's native cryptocurrency, HBAR, which is recognized for its eco-friendly and efficient proof-of-stake consensus mechanism.
The Valour HBAR Staking ETP is designed to broaden the accessibility of cryptocurrencies to institutional investors through traditional exchanges such as XETRA. The product's introduction aligns with Valour's ongoing efforts to expand its portfolio of physically backed digital asset products. Previously, the company partnered with Bitcoin Suisse to reinforce its commitment to the digital asset space.
Hedera Hashgraph distinguishes itself in the cryptocurrency market with a market capitalization of $2.5B and a ranking among the top forty global cryptocurrencies. Governed by an independent council of Fortune 500 companies and leading academic institutions, Hedera's decentralized ledger technology is noted for its low energy consumption and robust security features.
Valour's product offerings also include 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 with regulated custodians, demonstrating the company's commitment to secure and environmentally conscious investment options.
DeFi Technologies, Valour's parent company, continues to pioneer the integration of traditional capital markets with decentralized finance, focusing on the development of industry-leading Web3 technologies. This approach is aimed at democratizing investor access to the evolving financial ecosystem.
This news is based on a press release statement from DeFi Technologies Inc. and does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities offered have not been registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an exemption from such registration.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.