A Canadian tech business just launched two new exchange traded products (ETPs) - Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR on Monday.
DeFi Technologies Inc. (NEO: DEFI, Forum) announced that
Valour Inc., its wholly owned subsidiary and a pioneer in digital asset ETPs, received approval to begin trading Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR on the Boerse Frankfurt Zertifikate AG.
The ETPs will enable retail and institutional investors to gain exposure to the DOT and ADA tokens simply and securely via their bank or broker.
The DOT EUR ETP tracks the price of DOT, the native token of the Polkadot protocol. The ADA EUR ETP tracks the performance of the native token of Cardano, the governance token of the world's largest decentralised exchange.
Valour’s Chief Executive, Tommy Fransson explained that the company is expanding its product offerings in the large German market through these listings on Boerse Frankfurt.
“In Scandinavia, where Valour Polkadot and Cardano are already listed, we have seen a big interest in these crypto assets.”
After years of development, The Polkadot network, has advanced in bringing Ethereum Virtual Machine to its parachain network by onboarding Moonbeam GLMR.