TORONTO, April 30,
2024 /PRNewswire/ - DeFi Technologies
Inc. (the "Company" or "DeFi
Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC:
DEFTF), a financial technology company that pioneers the
convergence of traditional capital markets with the world of
decentralised finance ("DeFi"), is pleased to
announce that its subsidiary Valour Inc. ("Valour"), a
leading issuer of exchange traded products ("ETPs") that
provide simplified access to digital assets, has rebalanced
its Valour Digital Asset Basket 10 ("VDAB10") EUR and SEK
baskets to include Toncoin and Shiba Inu, effective April 30th, 2024.
The VDAB10 ETP tracks the performance of the top 10 largest
digital assets based on market capitalization with a cap of 30% for
any one constituent. The recent adjustments reflect changes in the
top 10 assets by market cap, ensuring that the VDAB10 continues to
mirror the current composition of the digital assets market.
The inclusion of Toncoin, a cryptocurrency
pioneered by the encrypted messaging platform Telegram and now
managed by the TON Foundation, introduces a robust payment solution
known for its speed and low transaction fees into the VDAB10.
Similarly, the addition of Shiba Inu
Coin, a token that has garnered a massive following and
sparked significant interest in meme-based
cryptocurrencies, provides investors with exposure to
emerging trends within the digital asset market.
Polkadot and Tron have been automatically excluded
from the basket due to their current market capitalization
rankings, which no longer place them within the top ten. This
automatic adjustment is part of Valour's rule-based methodology,
ensuring that the VDAB10 ETP remains a passive, yet precise
reflection of the top digital assets.
This update underscores Valour's commitment to offering a
transparent, rule-based ETP that meets the evolving needs and
interests of investors, further affirming Valour Inc.'s role in
enabling retail and institutional investors to access digital
assets simply and securely through their traditional bank
accounts.
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 revolutionizing the way individuals and
institutions interact with the evolving financial ecosystem. Join
DeFi Technologies' digital community 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 like Bitcoin 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), Enjin (ENJ),
Bitcoin Carbon Neutral (BTCN), 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, to subscribe, or to receive company
updates and financial information, 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
composition of the VDAB10 , the
development and listing of future ETPs; the regulatory environment
with respect to the growth and adoption of
decentralized finance; the pursuit by
DeFi 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.
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SOURCE DeFi Technologies Inc.