DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announced today that its wholly-owned subsidiary Valour Inc., an issuer of digital asset exchange-traded products (“ETPs“), has listed two of its low fee ETPs tracking the price of the digital assets, Valour Terra and Avalanche on Boerse Frankfurt Zertifikate AG.

Valour’s ETPs precisely track the price of digital assets and offer a cost-effective, easy and secure way for retail and institutional investors to access the benefits of investing in the growing world of digital assets. The Terra and Avalanche ETPs join Valour’s Bitcoin Zero and Ethereum Zero along with Valour Uniswap ETP, Valour Cardano ETP, Valour Pokadot ETP, and Valour Solana ETP on Boerse Frankfurt Zertifikate AG.

“We have seen an incredible demand for regulated, exchange-traded investment vehicles linked to digital assets beyond just Bitcoin, and listing Valour’s Terra and Avalanche ETPs on the Frankfurt exchange is an important step in DeFi Technologies’ mission to enable millions of investors to participate in the transformation of the world’s financial infrastructure,” said Russell Starr, CEO of DeFi Technologies. “But providing access solves only one challenge for investors. That is why we go one step further to structure our products at the lowest cost possible, enabling investors to maximize the benefits of accessing these emerging asset classes.”

The Valour Terra ETP tracks the performance of LUNA, the native token of the Terra protocol, a leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. LUNA is among the top ten cryptocurrencies in the world by market capitalization, currently at USD $33.2 billion¹.

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The Valour Avalanche (AVAX) ETP  tracks the performance of AVAX, the native token of the Avalanche platform. Avalanche is an open, programmable smart contracts platform for decentralized applications aiming to rival Ethereum due to its high speed. AVAX is among the top fifteen cryptocurrencies in the world by market capitalization, currently at USD $22.7 billion².

“Following our recent success with Terra and Luna in Sweden we are now also listing them in Germany,” said Tommy Fransson, CEO of Valour. “With these listings, we now offer German investors our full suite of current ETPs.”

Valour offers fully hedged digital asset exchange-traded products across multiple European exchanges with low to zero management fees. Valour’s Uniswap (UNI) ETP is the world’s first and only, with Cardano  (ADA), Polkadot (DOT) and Solana (SOL) ETPs the first of their kind in the Nordics. Valour’s Bitcoin Zero and Ethereum Zero remain the first and only fully hedged, passive investment products for Bitcoin (BTC) and Ethereum (ETH) which are completely fee-free, with competitors charging up to 2.5% in management fees.

Learn more about DeFi Technologies and Valour at defi.tech and valour.com.

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Global eTrade Services (GeTS), a global trade platform company, has signed a strategic partnership with Shuttle One, a digital blockchain-enabled financing company that reduces the friction between digital assets and local currencies. This partnership will facilitate easier access to blockchain-enabled financing for customers, especially SMEs using CALISTA™ Finance through CALISTA™, a global supply chain orchestration platform.

Blockchain-enabled financing enables trade finance document to be exchanged securely and helps to prevent potential alteration of content, providing an immutable audit trail.

To apply for financing with Shuttle One, customers would only need to drop off their invoices and records of past transaction to show credit history. Through data modelling and analytics, the credit assessment process makes use of real-time trade and market insights, which allows for the quick integration of data from disparate sources. A loan agreement will then be automatically generated upon approval. This enables the financing process from the application submission to the receipt of money in account to take place within 24 hours, making the financing process more efficient, transparent and secure.

Jointly with Shuttle One’s technological infrastructure, GeTS and Shuttle One onboarded a variety of financers onto the system to support regional SMEs and have funded more than 30 blockchain-enabled financing in the commodities and agri-food sector. GeTS will continue to work with new financiers to join this eco-system. Financiers provide funds which will be loaned to businesses through CALISTA™.

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Chong Kok Keong CEO of GeTS, said: “We are happy to have Shuttle One onboard CALISTA™^, to integrate the digital and physical aspects of trade financing on a single platform. This partnership will facilitate our customers to have more convenient access to trade financing. We will continue to make trade more accessible and easier.”

Lim Hong Zhuang, CEO of Shuttle One, said: “We are delighted to be partnering with GeTS on the CALISTA™ platform. We share with GeTS the mission of making mobile banking more inclusive and accessible for more people, especially in Southeast Asia.”

Tristan Ng, CEO of Suncorp, said: “CALISTA™ and Shuttle One have fundamentally changed how I finance my business in Singapore. I was able to receive the financing amount in my bank within 24 hours of sending the application. Apart from declaring on CALISTA, the almost automated financing expands my business rapidly.”

SOURCE Global eTrade Services

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