DeFi
Valor Inc., a subsidiary of DeFi Technologies, announces rebalancing of the Valor 10 (VDAB10) digital asset basket to include Toncoin and Shiba Inu Coin
DeFi Technologies Inc.
Valor 10 digital asset basket according to 240430
Effective April 30, 2024: Bitcoin 30%, Ethereum 30%, Binance BNB 12.9%, Solana 9.85%, XRP 4.28%, Dogecoin 3.28%, Toncoin 2.82%, Cardano 2.54 %, Shiba Inu 2.25%, Avax 2.06%
TORONTO, April 30, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF), a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (“Challenge“), is pleased to announce that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“AND P“) which provide simplified access to digital assets, has rebalanced its Valor Digital Asset Basket 10 (“VDAB10”) EUR and SEK baskets will include Toncoin and Shiba Inu, starting April 30, 2024.
The VDAB10 ETP tracks the performance of the 10 largest digital assets based on market capitalization with a cap of 30% for each constituent. Recent adjustments reflect changes in the top 10 assets by market capitalization, ensuring that the VDAB10 continues to reflect the current composition of the digital asset market.
The inclusion of Toncoin, a cryptocurrency launched by encrypted messaging platform Telegram and now managed by the TON Foundation, introduces into the VDAB10 a robust payment solution known for its speed and low transaction fees. Likewise, the addition of Shiba Inu Coin, a token that has garnered huge interest and generated significant interest in meme-based cryptocurrencies, provides investors with exposure to emerging trends in the digital asset market.
Polkadot and Tron were automatically excluded from the basket due to their current market capitalization rankings, which no longer place them in the top ten. This automatic adjustment is part of Valor’s rules-based methodology, ensuring that the VDAB10 ETP remains a passive but accurate reflection of major digital assets.
This update highlights Valor’s commitment to offering a transparent, rules-based ETP that meets the evolving needs and interests of investors, affirming Valor Inc.’s role in providing retail and institutional investors access to assets digital in a simple and secure way via their traditional bank accounts. .
About DeFi technologies
DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing specifically on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join the DeFi Technologies digital community on Linkedin And Twitterand for more details visit https://defi.tech/
The story continues
About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues products traded on an exchange (“AND P “) which allow individual and institutional investors to access digital assets like Bitcoin simply and securely through their traditional bank account. Valor is part of the asset management business segment of DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).
In addition to their new physical-backed digital asset platform, which includes 1Valor Bitcoin Physical Carbon Neutral AND P, 1Valor Ethereum physical stakingAnd Physical Staking of 1Valour Internet Computers, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (United), Cardano (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Enjin (ENJ), carbon-neutral Bitcoin (BTCN), Valor 10 Digital Asset Basket (VDAB10) And 1Valor STOXX Bitcoin Switzerland Blue Chip Digital Asset ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment products fully hedged with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings.
For more information, to subscribe, or to receive company updates and financial information, visit value.com.
Cautionary Note Regarding Forward-Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the composition of VDAB10, the development and listing of future ETPs; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by DeFi and its affiliates of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as applicable, to be materially different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor exchange-traded products by exchanges; the growth and development of the decentralized finance and cryptocurrency sector; rules and regulations regarding decentralized finance and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or planned. 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. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.
For more information, please contact:
DeFi Technologies Investor Relations
ir@defi.tech
A photo accompanying this announcement is available on https://www.globenewswire.com/NewsRoom/AttachmentNg/2b94c79c-1d4f-422c-a252-2ef0edaf9fef
