ETP issuer Valour eyes African market with Bitcoin, Ethereum products

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As a seasoned analyst with a keen interest in the dynamic world of finance and technology, I find Valour’s strategic move into Africa particularly intriguing. With my extensive experience in analyzing market trends, it is clear that Africa represents one of the most promising emerging markets in the crypto space.

Valour aims to extend its cryptocurrency exchange-traded offerings to a broader investor base across Africa, following a significant partnership with the Nairobi Stock Exchange.

According to a statement made on August 6th, the initial backing provided by Valour will be for Exchange-Traded Products (ETPs) based on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hedera (HBAR).

Valour, a subsidiary of the fintech company DeFi Technologies, has disclosed that their new plans are based on an agreement (Memorandum of Understanding) with the National Stock Exchange (NSE). Additionally, they’re collaborating with SovFi, a provider of liquidity and capital solutions.

According to the Employer of the ETP, NSE (Nairobi Stock Exchange) and SovFi are collaborating to facilitate the development, release, and trading of Valour ETPs in Africa. The Nairobi-based exchange will welcome Valour as an issuer. The partners will utilize SovFi’s proficiency in blockchain integration, along with their distribution channels and financial instruments, for this project.

Why is this important?

One of the leading growth areas for cryptocurrency is Africa, with Nigeria, Kenya, and South Africa being some of the nations boasting a significant number of crypto enthusiasts.

As a forward-thinking crypto investor, I’m excited about Valour’s strategic growth that enables them to transfer their Exchange-Traded Products (ETPs) to the National Stock Exchange (NSE). This move brings a plethora of opportunities from the global crypto market straight to local investors like me. It’s all about expanding horizons and maximizing investment potential!

As an analyst, I’d rephrase it as follows: For my own trading on the National Stock Exchange (NSE), I can access cryptocurrencies such as Bitcoin and Ether by investing in the available crypto products. These investments can be made seamlessly through my standard brokerage accounts. Additionally, these Exchange-Traded Products (ETPs) offer institutional-level custody for enhanced security.

“Olivier Roussy Newton, CEO of DeFi Technologies, explained that by utilizing our skills in creating forward-thinking ETPs and making our financial tools accessible across the NSE, we aim to offer investors a safe and controlled investment experience within the rapidly evolving digital asset market.”

Bitcoin, Ethereum among initial ETPs

Courage aims to grow its presence in the African market by initially offering some leading Cryptocurrency Exchange-Traded Products (ETPs). These initial offerings will be centered around Exchange-Traded Products for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hedera Hashgraph (HBAR).

As the market infrastructure continues to advance, a greater number of investors from various regions within the continent may gain access to an expanded range of financial products. Additionally, firms are likely to focus on the emerging fields of tokenized finance and real-world asset markets.

Valour makes available its Exchange-Traded Products (ETPs) to both individual and institutional investors. These products encompass ETPs based on platforms like Uniswap, Solana, Cardano, XRP, and more. Lately, the platform has introduced the Valour Near (NEAR) ETP.

These investment goods are listed for trading on international stock markets like the Frankfurt Stock Exchange, Euronext, and the Stockholm’s Spotlight Stock Market.

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2024-08-06 17:28