Valour Signs MOU with AsiaNext Exchange and SovFi to Expand ETP Offerings
Expanding ETP Offerings in APAC
DeFi Technologies’ subsidiary, Valour Inc., has entered into an MOU with AsiaNext and SovFi to list and expand its ETP offerings on AsiaNext’s securities exchange in Singapore. This move aims to enhance institutional access to digital assets across the Asia-Pacific region.
Strategic Collaboration
AsiaNext, a joint venture between SBI Digital Asset Holdings and SIX Group, will utilize its infrastructure, while SovFi will provide liquidity and market penetration expertise to introduce innovative products such as Bitcoin staking and crypto index-based ETPs in APAC.
Driving Digital Asset Growth in APAC
This partnership reflects the growing demand for regulated digital asset investments via ETPs in Singapore. It aligns with Valour’s global expansion strategy and reinforces AsiaNext’s position as a leading multi-asset exchange connecting Asia and Europe.
Toronto, Canada – DeFi Technologies Inc. is pleased to announce a Memorandum of Understanding between its subsidiary, Valour Inc., AsiaNext Exchange, and SovFi Inc. This collaboration aims to advance Valour’s ETP offerings in Singapore, leveraging AsiaNext and SovFi’s expertise to broaden institutional investor access to digital assets.
Strategic Partnership and Objectives
AsiaNext, established as a joint venture between SBI Digital Asset Holdings and SIX Group, provides institutional investors with secure access to digital assets. The MOU with Valour will assess and facilitate the listing and trading of Valour’s ETPs on AsiaNext’s securities exchange, enhancing AsiaNext’s role as a market leader for financial institutions in Singapore and the wider APAC region.
This partnership marks a significant milestone in Valour’s global expansion, with a focus on the Middle East and Africa as key markets. Recognizing the increasing demand for regulated digital asset investments through ETPs, Valour plans to launch 20 new ETPs in the coming weeks, targeting these fast-growing regions.
Building on its success in strengthening Nordic and European markets, Valour now turns its attention to Asia, Africa, and the Middle East. These regions present significant opportunities due to their rapid adoption of digital assets, positioning Valour for growth in the evolving digital asset and ETP landscape worldwide.
Strengthening Digital Asset Adoption in APAC
This partnership aims to meet the rising demand for digital asset investments in APAC, particularly in Singapore, a global leader in digital assets and blockchain innovation. Known for its clear regulations, business-friendly environment, and advanced digital infrastructure, Singapore has attracted major players in the industry. The country’s regulatory framework and increasing retail crypto adoption underscore market confidence, with significant growth in merchant transactions.
Listing Valour’s ETPs on AsiaNext will support the growing interest in regulated digital asset investments, contributing to the development of a compliant and dynamic digital asset ecosystem in the region.
Olivier Roussy Newton, CEO of DeFi Technologies, stated, “Our collaboration with AsiaNext and SovFi represents a significant step in our strategic expansion across APAC, delivering innovative and secure digital asset products tailored to institutional and professional investors’ needs. Our combined expertise enables us to offer new diversified investment opportunities, liquidity, and access to evolving digital asset markets in Singapore and beyond.”
Kok Kee Chong, CEO of AsiaNext, commented, “We are excited to work with Valour and SovFi to explore listing innovative digital asset ETPs on AsiaNext’s exchange. This partnership aligns with our commitment to providing institutional investors with secure access to digital assets, bridging Asia and Europe in the digital asset ecosystem. Leveraging Valour’s ETP issuance experience and our robust trading infrastructure, we aim to enhance our product range and attract a broader investor base, solidifying AsiaNext’s position as a leading multi-asset exchange in Singapore and the wider APAC region.”
About AsiaNext
AsiaNext is a Singapore-based digital asset exchange, a joint venture between SBI Digital Asset Holdings Co., Ltd. (SBI DAH) from Japan and SIX Group AG (SIX) from Switzerland. The company aims to provide institutional investors with secure access to digital assets, bridging the gap between Asia and Europe in the digital asset ecosystem.
About DeFi Technologies
DeFi Technologies Inc. is a financial technology company that focuses on merging traditional capital markets with decentralized finance. With a dedicated focus on Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by a team of experts with extensive experience in financial markets and digital assets, the company is committed to revolutionizing how individuals and institutions interact with the evolving financial ecosystem.
About Valour
Valour Inc. issues ETPs that enable retail and institutional investors to access digital assets securely via their traditional bank account. As part of DeFi Technologies Inc.’s asset management business line, Valour offers a range of fully hedged digital asset ETPs with low to zero management fees listed across European exchanges. Valour’s flagship products include Bitcoin Zero and Ethereum Zero, the first fee-free, fully hedged investment products with Bitcoin and Ethereum as underlying assets.
About SovFi Inc.
SovFi aims to provide liquidity and capital-raising solutions for large sovereign capital market operators. The company develops and deploys financial instruments using traditional and token-based finance to deliver low-cost, highly liquid exchange-traded products.
*Cautionary note regarding forward-looking information:
This press release contains forward-looking information concerning the MOU with AsiaNext, the partnership with AsiaNext, development of additional ETPs, and expansion into new regions, among other topics. Forward-looking information is subject to risks, uncertainties, and other factors that may cause actual results to differ from those expressed or implied in such statements. The Company does not undertake to update any forward-looking information unless required by applicable securities laws.
For further information, please contact:
Olivier Roussy Newton
Chief Executive Officer
[email protected]
(323) 537-7681
26.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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