Defi Technologies Inc (OTCMKTS:DEFTF)’s subsidiary Valour Inc recently announced that it was launching its VALOUR SOLANA (SOL) SEK (solar ETP) on the NGM. Valour Solana ETP trading started on September 16. The Solana ETP allows investors to securely and simply gain SOL exposure through their broker or bank. This is the native crypto in Solana’s ecosystem.
Solana ETP is one of the world’s fastest blockchain and growing ecosystems in the digital asset and cryptocurrency space. It has over 400 projects that span across Web3, NFTs, DeFi, and more. It’s currently one of the top ten cryptos globally as far as market capitalization is concerned, with a value of $52.36 billion.
Suppose investors of DeFi Technologies are exposed to digital assets through Valour. In that case, they should be able to take advantage of operational efficiency, risk education and standardization of a product listing on any regulated stock exchange. For each Valour ETP that’s purchased and sold, Valour sells or purchases the same amount of underlying digital assets. This means that these particular ETPs are always fully backed.
Market Reaction:
On Thursday, DEFTF stock fell 6.20% at $1.54 with more than 468k shares, compared to its average volume of 362K shares. The stock has moved within a range of $1.5300 – 1.7100 after opening the trade at $1.6463.
