DeFi Technologies Inc, a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), proudly announces that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange traded products ("ETPs") that provide simplified access to digital assets, has launched the Valour Hedera (HBAR) ETP.
In collaboration with The Hashgraph Association (THA), a Swiss-based organisation at the forefront of digital enablement and the empowerment of enterprise-grade solutions and decentralised applications on the Hedera network, this landmark event was celebrated with a Closing Bell Ceremony at the Frankfurt Stock Exchange's main trading floor, on June 18. This bell ringing event commemorated the very first certificate exchange traded product Börse Frankfurt for a cryptocurrency.
The closing bell ceremony at Börse Frankfurt marked the debut of the Valour Hedera (HBAR) ETP, drawing the attention of key industry leaders and investors. This new product underscores Valour's commitment to expanding its portfolio of ETPs and enhancing market accessibility for digital assets on traditional exchanges.
"As we launch the world's first Hedera (HBAR) ETP, we're not just offering an investment product; we're providing a gateway for investors to easily access and leverage the robust capabilities of the Hedera network," stated Elaine Buehler, Head of Product at Valour Europe AG. "This product simplifies the process, enabling investors to participate in the future of enterprise blockchain technology with unprecedented ease and security."
The Valour Hedera (HBAR) ETP is a significant addition to Valour's range of offerings, designed to provide institutional investors with secure and straightforward access to Hedera's native cryptocurrency, Hedera HBAR. This launch is part of Valour's broader strategy to increase the availability of digital asset products on traditional exchanges.
Hedera HBAR is the native, energy-efficient cryptocurrency of the public Hedera DLT network. Hedera HBARs are used to pay application transaction fees and protect the network from attack through proof-of-stake and its asynchronous byzantine fault tolerant (aBFT) hashgraph consensus algorithm. HBAR has a market capitalisation of approximately US$3.7 billion and ranks among the top 30 cryptocurrencies globally according to CoinMarketcap.
Hedera is a decentralised, open-source, proof-of-stake public ledger that utilises the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. It is governed by a collusion-resistant, decentralised council of leading enterprises, universities, and Web3 projects from around the world. Hedera is built differently from other blockchains. It has high throughput with fast finality; low, predictable fees; fair transaction ordering with consensus timestamps; and a robust codebase that ensures scalability and reliability at every layer of its network infrastructure. Hedera is governed responsibly by the world's leading organisations to ensure the network is collusion-resistant.
"The Hashgraph Association is pleased to engage with Valour to launch this first ever Valour Hedera (HBAR) ETP out of Europe. This achievement is in line with our aim to bring institutional investors to Web3 and to enable them to invest in bankable digital assets as an innovative and alternative investment for portfolio diversification. Investors are able to enter the digital assets realm through this structured and regulatory compliant ETP offered by Valour. For the environmentally conscious and ESG investor, HBAR is also the world's most energy-efficient utility token used for paying application transaction fees and protecting the Hedera distributed ledger technology ("DLT") network." says Stefan Deiss, Co-Founder & Board Director of The Hashgraph Association.
"The launch of Valour Hedera (HBAR) represents a double world premiere. For the first time, the crypto asset Hedera can be integrated into any traditional portfolio or bank account as easily and transparently as any other share or bond. Additionally, for the first time ever, the bell for a crypto ETP will be rung in the certificates area of the Frankfurt Stock Exchange. We are very grateful to The Hashgraph Association for selecting us for such a world premiere," added Marco A. Infuso, Chief Sales Officer at Valour Europe AG.
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