- Valor’s Binance exchange-traded product becomes the 10th ETP offered by Valor and the 2nd ETP offering exposure to BNB globally.
- Valor Binance (BNB) EUR (CH1149139672) will allow retail and institutional investors to gain exposure to the BNB token simply and securely through their bank or broker.
- The ETP will first be available on Börse Frankfurtthe largest scholarship Germany
TORONTO, August 24, 2022 /PRNewswire/ – Valor Inc. (the “Company” Where “Value“) (NEO:DEFI) (GR:RMJR) (OTC:DEFTF), a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance, has announced today that it will be launching its new product Binance Coin Exchange Traded (“AND P“) on Borse Frankfurt. Trading of Valor (BNB) ETP starts today, August 24, 2022.
The Binance Valor (BNB) EUR ETP (CH1149139672) accurately tracks the price of BNB, the native token behind the BNB chain. It is primarily used to “power” transactions on the BNB chain, as well as serving as a governance token for the network. BNB Chain is a decentralized, open-source, multi-chain platform that is used to build parallel virtual ecosystem infrastructure. The permissionless smart contract network is shaping and evolving the growth of MetaFi (the intersection of DeFi infrastructure with GameFi, SocialFi, the Metaverse, Web3, and NFT). BNB is currently among the top five cryptocurrencies in the world by market capitalization, at US$48.052 million of the August 23, 2022.
“BNB is a dynamic digital asset. By offering exposure to this token on Börse FrankfurtValor provides investors with a safe and secure exposure through a distinguished and reputable exchange,” said Russell Starr, CEO of Valor. “I’m confident that our low fee model will drive interest in our Valor ETP (BNB) as more and more investors look to diversify with digital assets.”
“By gaining exposure to digital assets through Valour, investors benefit from the standardization, risk reduction and operational efficiency of a centrally cleared product listed on a regulated exchange,” continues Marco InfusoSales Director of Valor.
Valor offers fully hedged digital asset ETPs with low or no management fees, with product listings on European stock exchanges, banks and brokerage platforms. In addition to Binance Coin (BNB), Valor’s existing product line includes Valor Uniswap (United), Gimbal (ADA), Spotted (POINT), Solana (FLOOR), Avalanche (AVAX), Cosmos (ATOM) and Enjin (ENJ) ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged passive investment products with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings.
Learn more about Valor at https://valor.com/
Valor Inc. (NEO:DEFI) (GR:RMJ.F) (OTCQB:DEFTF) is a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets and decentralized finance. Founded in 2019, Valor is backed by a recognized and pioneering team with decades of experience in financial markets and digital assets. Valour’s mission is to expand investor access to industry-leading Web3 and decentralized technologies. This allows investors to access the future of finance through regulated stock exchanges using their traditional bank account and access.
Caution Regarding Forward-Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, ETP Valor (BNB) trading; the regulatory environment regarding the growth and adoption of decentralized finance; the pursuit by Valor and its subsidiaries of business opportunities; and the potential merits or returns of such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as applicable, to differ materially from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, the acceptance of Valor ETPs by exchanges, including the NGM, Frankfurt and Euronext; investor demand for Valor’s products; growth and development of the DeFi and cryptocurrency industry; rules and regulations regarding DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
THE NEO EXCHANGE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE Value, Inc.