DeFi Technologies' Valour Launches TON ETP Amid Reflexivity Research Coverage

Valour launches three new exchange-traded products (ETPs) in the Nordics, including the first Toncoin ETP. The ETPs, which also include Internet Computer and Chainlink, commenced trading on May 10, 2024, with a 1.9% management fee.

author-image
Bijay Laxmi
New Update
DeFi Technologies' Valour Launches TON ETP Amid Reflexivity Research Coverage

DeFi Technologies' Valour Launches TON ETP Amid Reflexivity Research Coverage

DeFi Technologies' subsidiary Valour has launched three new exchange-traded products (ETPs) in the Nordics, including the first Toncoin (TON) ETP. The ETPs, which also include Valour Internet Computer (ICP) ETP and Valour Chainlink (LINK) ETP, commenced trading on May 10, 2024, with a 1.9% management fee. These offerings provide investors simplified access to cutting-edge digital assets through traditional bank or brokerage accounts, with a unique focus on simplicity and security.

Why this matters: The launch of these new ETPs marks a significant expansion of digital asset investment opportunities, potentially increasing mainstream adoption and driving growth in the cryptocurrency market. As more investors gain access to innovative digital assets, it could lead to increased competition and innovation in the financial sector.

The Valour Internet Computer (ICP) ETP tracks the Internet Computer ecosystem. With a market cap of $5.5 billion, ICP ranks 24th among all cryptocurrencies globally. The Internet Computer enables smart contracts to run directly on its network, eliminating the need for traditional server-based architectures.

The Valour Toncoin (TON) ETP, the first of its kind in the Nordics, tracks the price of Toncoin, the native token of TON. With a market cap of $23.25 billion, TON ranks 9th among all cryptocurrencies globally. TON offers rapid transaction speeds and low fees, making it an attractive option for various financial applications.

Coinciding with the product launches, Reflexivity Research, a recently acquired subsidiary of DeFi Technologies, has initiated coverage of TON. The report, available on Reflexivity Research's website, provides investors with valuable insights into TON, empowering them to make informed investment decisions.

Olivier Roussy Newton, CEO of DeFi Technologies, stated, "Valour remains steadfast in our commitment to offering investors a wide array of digital asset investment opportunities." He added, "We are excited to have coverage from our recently acquired subsidiary Reflexivity Research to coincide with the product launches, providing investors with valuable insights and enhancing their understanding of the market landscape."

Johanna Belitz, Valour's Head of Sales Nordics, emphasized, "Our unique ETP offerings in the Nordics solidify our leading position as the issuer with the widest array of products." The launch of these three new ETPs, particularly the first Toncoin ETP in the Nordics, demonstrates Valour's commitment to providing investors with access to innovative digital assets. With Reflexivity Research's coverage of TON, investors now have additional resources to navigate this emerging market.

Key Takeaways

  • Valour launches 3 new ETPs in Nordics, including 1st Toncoin ETP.
  • ETPs track Internet Computer, Toncoin, and Chainlink, with 1.9% management fee.
  • New ETPs simplify access to digital assets through traditional accounts.
  • Launch expands digital asset investment opportunities, driving growth.
  • Reflexivity Research initiates coverage of Toncoin, providing investor insights.