DeFi Technologies Subsidiary Valour Expands Offerings with Valour Sui (SUI) ETP on Spotlight Stock Market-web3.0-php.cn

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DeFi Technologies Subsidiary Valour Expands Offerings with Valour Sui (SUI) ETP on Spotlight Stock Market

Patricia Arquette

Nov 09, 2024 am 09:26 AM

Corporate UpdateNickelex

The Valour Sui (SUI) ETP provides a secure and straightforward way for investors to gain exposure to Sui, a rapidly growing layer-1 blockchain optimized for on-chain use cases through its unique consensus mechanism and object-centric data model.

DeFi Technologies Subsidiary Valour Expands Offerings with Valour Sui (SUI) ETP on Spotlight Stock Market

Crypto-Native Technology Company DeFi Technologies’ Subsidiary Valour Expands Offerings with Valour Sui (SUI) ETP on Spotlight Stock Market

PR Newswire

TORONTO, Oct. 10, 2024 /PRNewswire/ - DeFi Technologies Inc. (OTC: DEFTF) (CBOE CA: DEFI) (GR: RB9) ("DeFi Technologies", the "Company" or "DEFI"), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance ("DeFi"), proudly announces its subsidiary Valour Inc. ("Valour") has listed the Valour Sui (SUI) ETP on the Spotlight Stock Market. This ETP provides a secure and straightforward way for investors to gain exposure to Sui, a rapidly growing layer-1 blockchain.

With a market cap of $5.37 billion, Sui ranks among the top 20 digital assets worldwide. Known for its unique consensus mechanism and object-centric data model, optimized for on-chain use cases, Sui is a highly anticipated addition to Valour's lineup of ETPs.

The Valour Sui (SUI) SEK ETP (ISN: CH1213604601) is the latest addition to Valour's expanding array of digital asset products. This ETP grants investors access to Sui's native token, SUI. The blockchain's horizontal scaling capabilities enable high throughput via transaction parallelization. Focused on instant finality and efficiency, Sui's design is ideal for applications requiring real-time transactions, such as gaming and finance. The ETP features a 1.9% management fee, providing investors with seamless and transparent access to this innovative digital asset.

Unlike traditional blockchain models, Sui utilizes an object-centric approach that allows for the independent validation of transactions through a Byzantine fault-tolerant proof-of-stake ("PoS") consensus mechanism. This novel structure eliminates the need for sequential transaction validation, enhancing scalability and transaction speed.

"Meeting the demand for Sui in Sweden reflects our ongoing commitment to offering diverse and innovative products," said Johanna Belitz, Head of Nordics at Valour. "We're excited to bring this new opportunity to investors, tailored to their needs and interests. Valour takes great pride in its ability to quickly gauge investor preferences and deliver products that meet market demands."

"Our expansion into Sweden with the Valour Sui ETP reinforces our commitment to leading the digital asset market in Europe," added Olivier Roussy Newton, CEO of DeFi Technologies. "Sui's advanced technology and innovative consensus mechanism make it a compelling addition to our product lineup, and we're thrilled to introduce it to a new audience on the Spotlight Stock Market."

About DeFi Technologies

DeFi Technologies Inc. (OTC: DEFTF) (CBOE CA: DEFI) (GR: R9B) is a financial 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. 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. (OTC: DEFTF) (CBOE CA: DEFI) (GR: R9B).

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

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