DeFi Technologies' subsidiary Valour has been granted permission to trade Polkadot (DOT) and Cardano (ADA) exchange-traded products (ETPs) on the Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange).
The product will be known as Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR, according to a press release. On Monday, February 14, 2022, trading in the ETPs commenced.
DOT's value will be tracked via the Valour Polkadot (DOT) EUR ETP. This comes after the network underwent major development, including the integration of the Ethereum Virtual Machine into its parachain network.
The Valour Cardano (ADA) EUR ETP, on the other hand, will monitor ADA's performance. Cardano's decision to offer the product on the basis of cost-effectiveness, according to the business.
Varlour's existing product range includes the Valour Uniswap (UNI), Solana (SOL) ETPs, Bitcoin Zero, and Valour Ethereum Zero products, among others.
The offering is aimed at individual and institutional investors looking for exposure to the Polkadot and Cardano networks, according to DeFi Technologies. Investors will be able to buy shares more easily by exchanging the items.
Cryptocurrency items are becoming increasingly popular.
Furthermore, according to Valour CEO Tommy Fransson, the product introduction is based on rising interest. Fransson claims that:
"Through these listings on Boerse Frankfurt, we are increasing our product options in the big German market." We've seen a lot of interest in Valour Polkadot and Cardano in Scandinavia, where they're already listed. We are excited to provide additional investors in Europe with access to premier industry ETPs.
Valour, a Swiss company, has hastened the introduction of several crypto-related goods in recent months. For example, in October of last year, the company announced intentions to launch the world's first exchange-traded product (ETP), which would track the Uniswap token.
The company's financial results have also been impacted by the products. The company had over $370 million in assets under management as of November 2021, thanks to the trading of its goods on the NGM and Frankfurt stock exchanges.
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