DeFi Technologies Subsidiary Valour Inc. Announces Rebalancing of the Valour Digital Asset Basket 10 (VDAB10) to Include Toncoin and Shiba Inu Coin
DeFi Technologies' subsidiary Valour Inc. has announced the rebalancing of the Valour Digital Asset Basket 10 (VDAB10) to include Toncoin and Shiba Inu Coin, reflecting changes in the top 10 digital assets by market capitalization. The VDAB10 ETP now offers exposure to emerging trends in the digital asset market, ensuring a transparent and rule-based approach for investors.
The rebalancing of the VDAB10 to include Toncoin and Shiba Inu Coin provides investors with exposure to emerging trends in the digital asset market, offering the opportunity to participate in the growth of these assets.
Valour's rule-based methodology ensures that the VDAB10 remains a passive and precise reflection of the top digital assets, enhancing transparency and investor confidence in the ETP.
The automatic exclusion of Polkadot and Tron from the basket based on market capitalization rankings demonstrates Valour's commitment to maintaining the VDAB10's alignment with the current composition of the digital assets market.
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TORONTO, April 30, 2024 (GLOBE NEWSWIRE) -- 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
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.
For further information, please contact:
Investor Relations DeFi Technologies
ir@defi.tech
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b94c79c-1d4f-422c-a252-2ef0edaf9fef
FAQ
What is the Valour Digital Asset Basket 10 (VDAB10) and when was it rebalanced?
The VDAB10 is an exchange traded product (ETP) that tracks the performance of the top 10 largest digital assets based on market capitalization. It was rebalanced to include Toncoin and Shiba Inu Coin on April 30th, 2024.
What is the significance of including Toncoin and Shiba Inu Coin in the VDAB10?
The inclusion of Toncoin and Shiba Inu Coin provides investors with exposure to emerging trends in the digital asset market, reflecting changes in the top 10 assets by market cap.
Why were Polkadot and Tron automatically excluded from the VDAB10?
Polkadot and Tron were automatically excluded due to their current market capitalization rankings, which no longer place them within the top ten digital assets.
How does Valour ensure transparency and precision in the VDAB10 ETP?
Valour's rule-based methodology guarantees that the VDAB10 remains a passive yet accurate reflection of the top digital assets, providing investors with a transparent investment option.
