DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), is pleased to announce the collaboration of its subsidiary Valour Inc. (“Valour“) Bitcoin Suisse AG (“Bitcoin Suisse“) aimed at the issuance of Exchange Traded Products (“ETPs“) backed by physical digital assets.
Bitcoin Suisse is the Swiss crypto-native investment partner and trusted gateway to crypto asset investing, offering institutional-grade crypto services at the forefront of technical innovation. Founded in 2013, the crypto investment house is celebrating its tenth anniversary this year and recently announced its new strategy towards asset management and advisory services.
This product partnership marks a significant step in the innovation and development of the digital asset market going forward. The collaboration would leverage Valour’s ABS issuance platform, its operational know-how in the ETP domain, and established marketing and sales distribution channels. Simultaneously, it would benefit from Bitcoin Suisse’s well established brand and longstanding experience in the crypto sector within Switzerland and internationally.
“The collaboration signifies an exciting development in the digital assets space,” said Olivier Roussy Newton, CEO of DeFi Technologies & Director of Valour. “The combination of our issuance platform and operational expertise in the ETP market, with Bitcoin Suisse’s impressive track record, high-quality service, and strong brand recognition as our established partner, will contribute to creating more robust and diversified investment opportunities for investors.”
Dr. Dirk Klee, CEO of Bitcoin Suisse, added “We are excited to cooperate with Valour and to provide them with our expertise to create leading crypto investments for professional and institutional partners. Valour is a trusted and established partner with a high-performing team that places equal value on security, reliable access to digital assets and transparency as Bitcoin Suisse does. For us, this partnership represents an important step towards becoming the leading crypto investment partner in Switzerland and other target markets.”
Valour recently announced on June 15, 2023, the launch of its first physical backed ETP in the 1Valour Bitcoin Physical Carbon Neutral ETP (ISIN: GB00BQ991Q22). The ETPs are secured by the respective digital assets which are physically stored with regulated custody providers. In addition to the new physically backed digital asset platform, Valour offers fully hedged digital asset ETPs with product listings across European exchanges, banks and broker platforms.