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Homeweb3.0Valour Issues Bittensor (TAO) SEK ETP, Granting Nordic Investors Access to the Future of Decentralized AI

Valour Issues Bittensor (TAO) SEK ETP, Granting Nordic Investors Access to the Future of Decentralized AI

Oct 30, 2024 pm 09:24 PM
ValourDeFi Technologies Valour Bittensor (TAO) SEK ETP Nordics Spotlight Stock Market

The Valour Bittensor (TAO) SEK ETP (ISIN: CH1213604619) is the latest addition to Valour's range of innovative digital asset products, now available to Nordic investors.

Valour Issues Bittensor (TAO) SEK ETP, Granting Nordic Investors Access to the Future of Decentralized AI

Valour, a pioneer in the realm of digital asset ETPs, has unveiled the highly anticipated Valour Bittensor (TAO) ETP (ISIN: CH1213604619) in Sweden. This marks the latest addition to Valour's lineup of innovative digital asset products, now available to Nordic investors through the Cboe BATS Exchange.

The ETP offers unparalleled exposure to the Bittensor network, which harnesses collective machine intelligence to create a tradable asset within a decentralized marketplace. TAO tokens embody the individual contributions to this shared intelligence pool, representing the collective insights and capabilities within the Bittensor ecosystem.

This unique utility extends beyond traditional token use, offering a tangible representation of participation in the decentralised AI network. The ETP boasts a management fee of 1.9%, providing investors with an efficient and accessible entry point into the rapidly expanding world of decentralised artificial intelligence (AI).

"With the TAO ETP, we're setting a new standard for AI-backed investments, linking investors to the future of decentralised intelligence," said Elaine Buehler, Head of Product at Valour. "This launch brings traditional investors into a dynamic AI ecosystem, pushing the boundaries of digital asset investment in the Nordics for the first time."

Unlike traditional centralised machine learning models, Bittensor allows AI models to exchange capabilities and predictions directly in a peer-to-peer network. This decentralised structure encourages diversity and innovation, making Bittensor a key driver in the evolution of machine learning.

"By launching the Valour Bittensor ETP in Sweden, we're expanding investor access to the transformative potential of decentralised machine learning," said Johanna Belitz, Head of Nordics at Valour. "Our focus remains on providing high-quality products that reflect current market demands and foster innovation. This is an important milestone as the first Bittensor ETP in the Nordics."

About DeFi Technologies

DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that spearheads the convergence of traditional capital markets with the world of decentralised finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/

About Valour

Valour Inc. and Valour Digital Securities Limited (together, "Valour”) issues exchange traded products ("ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour's flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

Cautionary note regarding forward-looking information:

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the the listing of Valour Bittensor (TAO) ETP; the development of the TAO token; investor confidence in Valour's ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralised finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or

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