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Swiss Asset Manager Valour Launches Cardano and Polkadot ETPs
Fully backed by ADA and DOT, the products are listing on the Nordic Growth Market.
Valour, a Swiss digital asset investment firm, is launching exchange-traded products (ETPs) offering exposure to cryptocurrencies from Cardano and Polkadot.
STORY CONTINUES BELOW
- The Valour Cardano SEK ETP launched on the Nordic Growth Market Tuesday under the code CH111478796.
- The Valour Polkadot SEK (CH1114178770) is to follow later this month, according to an announcement Tuesday.
- The products are fully backed by ADA and DOT purchased by Valour, a Zug-based subsidiary of Canadian decentralized finance (DeFi) asset manager DeFi Technologies.
- The launches follow similar products by fellow Swiss digital asset manager 21Shares, which launched its DOT product in February and ADA equivalent in April, both on the Swiss SIX exchange.
- ADA and DOT have both enjoyed huge increases in price in 2021, surging by over 1,000% and 400%, respectively.
Also read: Former HSBC Exec and Blockchain Expert Diana Biggs Joins Valour as CEO
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
