Valour, a subsidiary of DeFi Technologies, cardano (ISLAND) and polkadot (DOT) indexed exchange investment products (ETP) have started to be traded on the Frankfurt stock exchange.
Valour Offers Cardano, Polkadot and Solana ETPs on the Frankfurt Stock Exchange
The latest development is that Valour earlier this month, wither (LEFT) came after it received approval for a price-indexed ETP.
Cardano token ADA has a market cap of around $33 billion. The world’s seventh largest cryptocurrency by market capitalization, ADA is positioned between XRP and SOL.
On the other hand, Polkadot (DOT) is the tenth largest cryptocurrency in the world with a market value of $ 20 billion.
In addition to Valour, Cardano, Polkadot and Solana ETPs Uniswap (UNI) also offers ETP service. However, the company is free of commission fees. bitcoin Zero and Ethereum Zero also exhibits its products on the stock market.
Valour CEO Tommy Fransson, in his statements, said that after Cardano and Polkadot ETPs attracted great interest in the Swedish market, they decided to offer these products to the Frankfurt stock exchange.
Fransson said that in order to launch an exchange product that tracks a single asset, they consider investor benefit rather than market value of the asset in question.
The Company Will Offer Cryptocurrency ETPs In Other Countries
However, Valour wants to bring its crypto products to other countries, including Switzerland and Austria, according to the company CEO’s statements:
“We want to bring more single-asset products to the market, but we will also step up on product baskets and indices. We think that we are still at the beginning level in terms of crypto money products on centralized exchanges.”