Uniswap ETP to Start Trading on Nordic Growth Market through Subsidiary Valour November 30, 2021 November 30, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsNovember 30, 2021 by Kelly Cromley

Uniswap ETP to Start Trading on Nordic Growth Market through Subsidiary Valour

DeFi Technologies Inc. (NEO: DEFI; GR: RMJR; OTC: DEFTF), a technology company connecting the divide between conventional capital markets and decentralized finance, announced the listing of Valour Uniswap SEK on Stockholm’s Nordic Growth Market (“NGM”) by its subsidiary Valour Inc., a provider of cryptocurrency exchange-traded products (“ETPs”).

In October, Valour debuted its euro-denominated Valour Uniswap ETP on Frankfurt Boerse, the world’s foremost Uniswap ETP. Valour’s Swedish Krona (“SEK”) denominated product, Valour Uniswap (UNI) SEK, is now listed on NGM, allowing Nordic investors to obtain access to UNI, the native token of the world’s biggest decentralized exchange, Uniswap, for the very first time, conveniently and safely, through their financial institution or dealer.

Uniswap, the world’s most famous decentralized exchange (“DEX”), has seen remarkable growth, with the platform presently holding $4.13 billion in TVL3. It is an open-source protocol based on the Ethereum blockchain that acts as a liquidity provider for the trading of ERC-20 tokens on the Ethereum network.

As per Uniswap Labs, the Uniswap protocol reached $600 billion in total trade volume in November. Diana Biggs, CEO of Valour and Chief Strategy Officer of DeFi Technologies, stated: “Nordic digital asset investment markets are among the most advanced in the world, with high liquidity and active participants. We elected to start Valour here in December 2020 and are now offering our pioneering UNI SEK product to let investors to participate in Uniswap’s development. At Valour, our aim is to give investors with exposure to emerging markets, particularly decentralised finance (DeFi). Our Valour Uniswap ETP, a first in the world, does just that.”

“We are ecstatic with DeFi’s success and are working hard to bring new innovative products to market, such as Valour Uniswap ETP, to make this critical ecosystem of innovation accessible to mainstream investors in the Nordic markets.”

Valour exceeded US$370 million in AUM in November via the trading of its products on the NGM and Frankfurt Stock Exchanges (“FSE”). This accomplishment caps an amazing first 11 months of 2021, during which AUM increased by more than 4,000 percent year over year. By investing in digital assets via Valour, investors receive access to the standardization, risk mitigation, and operational efficiency associated with a centrally approved product listed on a regulated stock market.

Valour acquires the same amount of the underlying asset for each product purchased and sold on NGM or the GSE, ensuring that the products are fully supported at all times.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.