DeFi Technologies' Subsidiary Valour Expands Offerings with First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on Spotlight Stock Market
October 30 2024 - 6:30AM
UK Regulatory
DeFi Technologies' Subsidiary Valour Expands Offerings with
First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on
Spotlight Stock Market
-
Introduction of Valour Bittensor (TAO) SEK ETP:
DeFi Technologies' subsidiary Valour Inc. has launched the Valour
Bittensor (TAO) ETP on Sweden’s Spotlight Stock Market, marking the
first Bittensor ETP in the Nordics and expanding its suite of
digital asset products with this cutting-edge decentralized machine
learning asset. With a market cap of $3.9 billion, TAO ranks #25
among digital assets globally.
-
Investment Opportunities in Decentralized Machine
Learning: The Valour Bittensor (TAO) SEK ETP provides
Nordic investors with unique exposure to TAO, the native token of
the Bittensor network, now accessible for the first time in the
region. Bittensor revolutionizes machine learning by creating a
decentralized, peer-to-peer marketplace where machine intelligence
can be exchanged, fostered, and traded. This network functions as a
hive mind, pooling AI model intelligence into an ever-growing
digital knowledge base and incentivizing global collaboration among
developers.
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Strategic Product Expansion: The launch of the
first Valour Bittensor ETP in the Nordics underscores Valour’s
commitment to bringing innovative digital assets to the market.
Listed on the Spotlight Stock Market, this ETP offers Nordic
investors the opportunity to invest in groundbreaking advancements
within decentralized AI and machine learning, representing a
significant step forward in providing regional access to
transformative digital assets.
TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- DeFi
Technologies Inc. (the “Company” or “DeFi
Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a
crypto-native technology company at the forefront of merging
traditional capital markets with decentralized finance
("DeFi"), proudly announces that its subsidiary
Valour Inc. ("Valour"), a leading issuer of
exchange-traded products ("ETPs") providing
simplified access to digital assets, has listed the first-ever
Valour Bittensor (TAO) ETP in the Nordics on the Spotlight Stock
Market. This launch provides investors with seamless access to TAO,
the token that fuels Bittensor’s decentralized machine learning
protocol. With a market cap of $ 3.9 billion, TAO ranks #25 among
digital assets globally.
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. The ETP brings unparalleled exposure to the Bittensor
network, which turns machine intelligence into a tradable asset
within a decentralized marketplace. TAO's unique utility extends
beyond traditional token use by representing individual
contributions to this shared intelligence pool, embodying the
collective insights within the Bittensor ecosystem. Featuring a
1.9% management fee, this ETP provides streamlined access to the
rapidly growing world of decentralized AI.
"With the TAO ETP, we’re setting a new standard
for AI-backed investments, linking investors to the future of
decentralized intelligence," commented 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 centralized machine learning
models, Bittensor allows AI models to exchange capabilities and
predictions directly in a peer-to-peer network. This decentralized
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 decentralized 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 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. (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
decentralized finance; the pursuit by the Company and its
subsidiaries of business opportunities; and the merits or potential
returns of any such opportunities. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company, as the case may be, to be
materially different from those expressed or implied by such
forward-looking information. Such risks, uncertainties and other
factors include, but is not limited the acceptance of Valour
exchange traded products by exchanges; growth and development of
decentralised finance and cryptocurrency sector; rules and
regulations with respect to decentralised finance and
cryptocurrency; general business, economic, competitive, political
and social uncertainties. Although the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE
For further information, please
contact:
Olivier Roussy Newton
Chief Executive Officer
ir@defi.tech
(323) 537-7681
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