TORONTO – Valor 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 Valor HBAR Stake ETP. . This product, created in collaboration with The Hashgraph Association, aims to offer investors simplified access to Hedera Hashgraph's native cryptocurrency, HBAR, which is recognized for its efficient and environmentally friendly proof-of-stake consensus mechanism.
The Valor HBAR Stake ETP is designed to expand the accessibility of cryptocurrencies to institutional investors through traditional exchanges such as XETRA. The product introduction aligns with Valor's continued efforts to expand its portfolio of physically backed digital asset products. Previously, the company partnered with Switzerland to reinforce its commitment to the digital asset space.
Hedera Hashgraph distinguishes itself in the cryptocurrency market with a market capitalization of $2.5 billion and a ranking among the top forty cryptocurrencies in the world. Governed by an independent board of Fortune 500 companies and leading academic institutions, Hedera's decentralized ledger technology stands out for its low power consumption and strong security features.
Valor's product offerings also include the 1Valour Bitcoin Physical Carbon Neutral ETP, which launched on June 15, 2023. This ETP, like other Valor products, is backed by digital assets held at regulated custodians, demonstrating the company's commitment to safe and environmentally friendly investment options. .
DeFi Technologies, Valor'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 aims to democratize investors' access to the evolving financial ecosystem.
This news is based on a press release from DeFi Technologies Inc. and does not constitute an offer to sell or a solicitation of an offer to buy 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 exemption from such registration.
This article was generated with the support of AI and reviewed by an editor. For more information consult our T&C.
