DeFi Technologies Subsidiary Signs With Arcane To Launch Crypto Fund-Based ETP

DeFi Technologies Inc. (NEO: DEFI) announced today that its wholly-owned subsidiary, Valour Structured Products, signed a letter of intent with Arcane Crypto to explore launching an exchange-traded product based on Arcane’s cryptocurrency fund. This sets the ETP to be the first to have a cryptocurrency fund as an underlying asset.

The company relayed that a fund-based crypto ETP will work as a regular ETP. Investors would be able to trade it through their brokers, which would track the performance of Acrane’s cryptocurrency fund.

Valour issues exchange-listed financial products and ETPs which are listed on European stock exchanges.

The two firms are still working on a partnership agreement and plan for the ETP issuance. The partnership expects to complete the transaction later this year.

DeFi Technologies last traded at $1.28 on the NEO.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Secures Two Additional Exploration Licenses For Flagship Project

First Majestic Posts Record Quarterly Silver Production In Q3

Related News

DeFi Technologies Sees Subsidiary Gets Approval For Metaverse And Gaming ETP

DeFi Technologies Inc. (NEO: DEFI) announced this morning that its wholly-owned subsidiary Valour has received approval...

Monday, December 13, 2021, 11:24:00 AM

DeFi Technologies Posts ($1.9) Million In Revenue, $4.9 Million Adjusted Net Loss For Q2 2021

DeFi Technologies Inc. (NEO: DEFI) announced today its financial results for Q2 2021. The company recorded...

Monday, August 16, 2021, 09:44:35 AM

Institutions Are Lining Up For The Crypto Space – The Daily Dive feat Russell Starr

Today on the Daily Dive we see the return of Russell Starr, CEO of Trillium...

Tuesday, April 27, 2021, 01:30:00 PM

DeFi Technologies Renews Share Buyback Plan To Purchase Up To 10% Of Public Float

DeFi Technologies (NEO: DEFI) is looking to give its share price a boost via a...

Friday, April 8, 2022, 08:13:36 AM

DeFi Technologies Announces Auditor Change Amidst Regulatory Scrutiny

DeFi Technologies Inc. (NEO: DEFI) revealed a significant shift in its auditing landscape. The company...

Wednesday, January 10, 2024, 07:24:00 AM