Valour Digital Securities has exercised its right of Compulsory Redemption under Condition 10.1(a) for the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP (ISIN GB00BPDX1969), issued under the Base Prospectus dated 13 May 2024.
According to the company, holders will by default receive cash settlement under Condition 10.8 unless, by 1 September 2026, they submit a valid Redemption Notice requesting physical delivery and complete an Acceptable Delivery under Condition 10.7. The last trading day is 11 September 2026, the Compulsory Redemption Date is 15 September 2026, and settlement for both cash and physical delivery is scheduled for 16 September 2026, in line with the Conditions.
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Positive
Clear compulsory redemption timeline with key dates through 16 September 2026
Option for investors to elect physical delivery instead of default cash settlement
Redemption and settlement mechanics defined under existing Conditions and Base Prospectus
Negative
Product termination through compulsory redemption removes future trading after 11 September 2026
Security holders forced to exit position on 15 September 2026 regardless of preference
Administrative deadline of 1 September 2026 to arrange physical delivery may be missed by some holders
Market Context
The platform's historical record includes news_id 1058147. That comparison adds context to this proc...
Analysis
The platform's historical record includes news_id 1058147. That comparison adds context to this procedural redemption notice without establishing a directional outcome; the holder election deadline and settlement mechanics were the principal items to monitor.
Key Figures
Redemption notice deadline:1 September 2026Last trading day:11 September 2026Compulsory redemption date:15 September 2026+2 more
5 metrics
Redemption notice deadline1 September 2026Deadline to request physical delivery
Last trading day11 September 2026Digital asset ETP
Compulsory redemption date15 September 2026Issuer redemption schedule
Q1 results reported revenue, net income and balance-sheet metrics.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Historical outcomes varied by event: the CEO letter aligned with a positive reaction, while routine shareholder notices and Q1 results were followed by declines.
"The Issuer ... has made use of its right for Compulsory Redemption"
A compulsory redemption is a contract clause that lets the issuer force holders to return certain securities (like bonds or preferred shares) before their scheduled maturity, usually at a pre‑specified price or formula. It matters to investors because it changes the timing and amount of expected payments — similar to a landlord ending a lease early and handing back a deposit plus a set payment — which affects cash flow, yield and reinvestment plans.
cash settlementfinancial
"Cash Settlement in accordance with Condition 10.8 will apply"
Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.
physical deliveryfinancial
"delivered to the Issuer a valid Redemption Notice specifying Physical Delivery"
Physical delivery is when a contract is completed by handing over the actual underlying asset — such as barrels of oil, bushels of grain, or shares of stock — rather than by paying the cash value. For investors this matters because it brings real-world costs and logistics (storage, transport, quality checks) into play and can affect pricing, risk and margin requirements; think of it like choosing to receive a purchased item instead of accepting a refund.
redemption noticefinancial
"Security Holders will receive Cash Settlement"
A redemption notice is a formal announcement from the issuer of a bond, preferred share or similar security that it will repay and retire that instrument on a specified future date. It matters to investors because it sets when they will get their principal (and any final payment) back, which affects income timing, reinvestment plans and the security’s market value—think of it like being told when a rented tool must be returned so you can plan what to do next.
ZUG, Switzerland, Aug. 11, 2026 (GLOBE NEWSWIRE) -- The Issuer, Valour Digital Securities Limited, has made use of its right for Compulsory Redemption pursuant to Condition 10.1(a) of the Conditions with respect to the following security issued pursuant to the Base Prospectus dated 13th May 2024:
1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP
ISIN: GB00BPDX1969
Settlement will be effected pursuant to and in accordance with the rules and procedures set out in the Conditions, in particular Condition 10, 11 and 12.
Compulsory Redemption will be effected pursuant to Condition 10.1. Cash Settlement in accordance with Condition 10.8 will apply to the Compulsory Redemption unless the Security Holder in respect of the Digital Security has, no later than 1 September 2026, delivered to the Issuer a valid Redemption Notice specifying Physical Delivery and effected an Acceptable Delivery in respect of the Digital Securities to be Redeemed. Physical delivery will be effected in accordance with Condition 10.7.
In the absence of a valid Redemption Notice requesting Physical Delivery, Security Holders will receive Cash Settlement in accordance with Condition 10.8.
The last day of trading is 11 September 2026.
The Compulsory Redemption Date is 15 September 2026.
The Compulsory Redemption Settlement Date for Cash Settlement is 16 September.
The Compulsory Redemption Settlement Date for Physical Delivery is 16 September.
Capitalised terms not defined in this notice shall have the same meaning given to them in the conditions of the securities or in the Base Prospectus, as applicable.
Zug, 11/08/2026
For further information, please contact: Johan Wattenstrom, Chief Executive Officer, ir@defi.tech, (323) 537-7681
FAQ
What is happening to the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP (DEFT)?
The ETP is being compulsorily redeemed under Condition 10.1(a). According to Valour Digital Securities, trading ends on 11 September 2026, the Compulsory Redemption Date is 15 September 2026, and settlement for cash or physical delivery is scheduled on 16 September 2026.
When is the last trading day and redemption date for DEFT in 2026?
The last trading day for the DEFT-linked ETP is 11 September 2026. According to Valour Digital Securities, the Compulsory Redemption Date is 15 September 2026, with settlement on 16 September 2026 for both cash settlement and any elected physical delivery.
Will DEFT security holders receive cash or physical delivery at redemption?
Holders will receive cash settlement by default for the compulsory redemption. According to Valour Digital Securities, investors can instead request physical delivery by submitting a valid Redemption Notice and completing an Acceptable Delivery no later than 1 September 2026, under Conditions 10.7 and 10.8.
What is the deadline to request physical delivery for the DEFT-linked ETP redemption?
The deadline to request physical delivery is 1 September 2026. According to Valour Digital Securities, holders must submit a valid Redemption Notice specifying physical delivery and complete an Acceptable Delivery of the digital securities by that date; otherwise, cash settlement will apply.
On what date will cash settlement for the DEFT compulsory redemption be made?
Cash settlement is scheduled for 16 September 2026. According to Valour Digital Securities, this date is the Compulsory Redemption Settlement Date for both cash settlement and any physical delivery elections, following the Compulsory Redemption Date of 15 September 2026 under the Conditions.
Which security issued by Valour Digital Securities is subject to compulsory redemption in 2026?
The affected security is the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP, ISIN GB00BPDX1969. According to Valour Digital Securities, it was issued under the Base Prospectus dated 13 May 2024 and will be compulsorily redeemed with key dates in September 2026.
