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Launch of World’s First Yield-Bearing Bitcoin (BTC) ETP: Valour Inc. and Core Basis collaborate to introduce the world’s first yield-bearing Bitcoin (BTC) ETP on the Nordic Progress Market (NGM) change with a 1.9% administration charge, providing buyers publicity to Bitcoin with a 5.65% yield.
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Powering Valour Bitcoin Staking (BTC) SEK ETP with Core Blockchain: The Core blockchain community, powered by Bitcoin, varieties the inspiration for Valour Bitcoin Staking (BTC) SEK ETP (ISIN: CH1213604536), offering Ethereum Digital Machine (EVM) compatibility and the revolutionary Satoshi Plus consensus mechanism to reinforce safety and scalability.
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Simplified Funding with Valour Bitcoin Staking (BTC) SEK ETP: Valour Bitcoin Staking (BTC) SEK ETP streamlines Bitcoin funding by delegating Bitcoins to Core validators, the yield is attributed to the Web Asset Worth (NAV) each day. This revolutionary product ensures custodial management and safety whereas providing buyers substantial yield with out requiring them to promote or commerce their Bitcoin holdings.
TORONTO, Might 15, 2024 (GLOBE NEWSWIRE) — DeFi Applied sciences Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a monetary know-how firm that pioneers the convergence of conventional capital markets with the world of decentralised finance (“DeFi”), is happy to announce that its subsidiary Valour Inc. (“Valour“), a number one issuer of change traded merchandise (“ETPs“) that present simplified entry to digital property, has launched the world’s first yield-bearing Bitcoin (BTC) ETP in collaboration with the Core Basis, a company devoted to the event of the Core blockchain community (“Core Chain”). This providing supplies buyers publicity to Bitcoin with a 5.65% yield on the Nordic Progress Market (NGM) change.
The Core blockchain community is a Bitcoin-powered layer-one blockchain for EVM-Appropriate good contracts. With 50% of Bitcoin mining hash energy contributing to Core’s safety in change for unlocking Bitcoin utility and rewards, Core Chain is probably the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and extra).
Trading of the Valour Bitcoin Staking (BTC) SEK ETP (ISIN: CH1213604536) commenced on Might 10, 2024 with a 1.9% administration charge, marking a historic second because the world’s first-of-its-kind Yield Bearing Bitcoin ETP. This revolutionary providing permits buyers to achieve publicity to Bitcoin whereas receiving a exceptional 5.65% yield, all with out the necessity to promote or commerce Bitcoin instantly.
Valour Bitcoin Staking (BTC) SEK ETP simplifies funding on this planet’s best-known digital asset, making it simpler and safer for buyers to take part in Bitcoin’s potential upside. The yield is attributed to the Web Asset Worth (NAV) each day, offering buyers with yield with no need to promote or commerce their Bitcoin holdings.
Valour Bitcoin Staking (BTC) SEK ETP generates yield by delegating Bitcoins to a validator on the Core Chain via non-custodial, native Bitcoin staking. Staked Bitcoins obtain staking rewards within the type of CORE tokens, that are then reinvested into the product.
Core Chain, the underlying blockchain, is a Bitcoin-powered, decentralized, safe, and scalable layer 1 blockchain suitable with the Ethereum Digital Machine (EVM). It’s supported by Bitcoin’s Proof of Work (PoW) via a novel consensus mechanism generally known as ‘Satoshi Plus’. This mechanism allows Bitcoin miners to delegate their PoW (DPoW) to Core validators with out impacting their future Bitcoin rewards, thereby unlocking the potential of Bitcoin-secured decentralized purposes.
Regardless of participating in Bitcoin staking, safety stays uncompromised. Custodial management is maintained whereas yield is generated. Bitcoins are staked via a particular kind of native Bitcoin transaction known as a ‘stake transaction’, which features a lockup interval and Core Chain staking particulars such because the Core Validator and the Core reward handle. In the course of the lockup interval, the Bitcoins can’t be transferred or slashed. Solely the proprietor can switch the Bitcoins as soon as the lockup interval expires.
“We are thrilled to introduce the world’s first Yield Bearing Bitcoin ETP, offering investors an unprecedented opportunity to gain exposure to Bitcoin while earning a substantial yield,” stated Olivier Roussy Newton, CEO of DeFi Applied sciences. “Valour Bitcoin Staking (BTC) ETP embodies our commitment to innovation in the digital asset space, providing investors with a seamless and secure way to participate in Bitcoin’s growth potential while offering a novel investment avenue for engaging with the world’s premier cryptocurrency.”
“Core Foundation is excited to collaborate with Valour Inc. to launch the world’s first yield-bearing Bitcoin ETP. This groundbreaking product brings BTCfi to a wider audience, and sustainable yield to Bitcoin holders. Investors can now earn yield while maintaining exposure to Bitcoin. This is enabled by non-custodial Bitcoin staking which helps secure the Core blockchain. Core Foundation is proud to be the first and most reliable ecosystem to power these new offerings, underscoring Core Chain’s position as the most Bitcoin-aligned blockchain,” said Core contributor Brendon Sedo.
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), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valour Bitcoin Staking (BTC), 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 on Valour, to subscribe, or to receive updates and financial information, visit valour.com.
About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and cryptocurrency industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/
About Core Chain
The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-Compatible smart contracts. With 50% of Bitcoin mining hash power contributing to Core’s security in exchange for unlocking Bitcoin utility and rewards, Core is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a massive community of 2.2M Twitter followers and 250k Discord members which has translated into millions of Core adopters, over 15M unique addresses, and 230M transactions since its mainnet launch in January 2023.
Cautionary note regarding forward-looking information: This press release contains “forward-looking info” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to future development and listings of ETPs; staking of Bitcoin within the Core Chain; development and management of a validator node on the Core Chain; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies 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 ETPs by exchanges and regulatory authorities; growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi 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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/64facd4a-52e3-4a74-8c5a-bd8ceeabac94
