Valour Inc., a subsidiary of DeFi Technologies, is charting new territory in the world of digital finance with its latest offering: a physical backed Exchange Traded Product (ETP) for the Internet Computer Protocol (ICP) token, in collaboration with DFINITY Foundation. This innovative move expands Valour’s portfolio of physically backed digital asset products, demonstrating its commitment to broadening cryptocurrency accessibility on traditional exchanges like XETRA.
With a market capitalization of $2 billion, the Internet Computer Protocol (ICP) is breaking new ground in numerous areas, including enhancing Web3’s functionality. Notably, it’s developing Layer 2 solutions for Bitcoin (ckBTC) and Ethereum (ckETH), and powering a range of innovative decentralized applications (DApps) such as Trax, Quierio, Elna, and Sonic. The collaboration between Valour and DFINITY elevates the ICP token into the ranks of the top 50 global cryptocurrencies, marking a significant leap in blockchain innovation and its application.
The new ETP, symbolizing the fusion of traditional capital markets with decentralized finance, promises to provide investors with diversified and robust investment opportunities. Marco A. Infuso of Valour Europe AG emphasizes the significance of this collaboration, offering safe and easy access to ICP tokens through conventional financial channels.
Valour’s recent introduction of the 1Valour Bitcoin Physical Carbon Neutral ETP further showcases its dedication to creating physically backed digital asset platforms. With a wide range of digital asset ETPs listed across European exchanges, banks, and brokers, Valour stands at the forefront of integrating blockchain technology with traditional financial structures.
The Internet Computer, powered by innovative “chain-key cryptography,” represents a leap towards a blockchain-based alternative to traditional IT systems, including cloud services. Governed by the Network Nervous System, a decentralized autonomous organization, the Internet Computer aims to run mass market Web3 services entirely on-chain.
DeFi Technologies, the driving force behind Valour, continues to lead in converging traditional capital markets with decentralized finance. With a strong focus on Web3 technologies, DeFi Technologies is revolutionizing how individuals and institutions engage with the evolving financial ecosystem.
This partnership marks a significant moment in digital finance, blending traditional investment methods with the dynamic world of cryptocurrencies, and opening new avenues for investors to explore the burgeoning landscape of digital assets.
