DeFi Technologies subsidiary Valor strengthens Nordic market strategy with crypto ETP transfer to highlight the stock market

• Strategic move to the Nordic market: Valor Inc., a subsidiary of Challenge Technologies, will transfer 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholmaimed at strengthening its position in the Nordic ETP market and supporting growth in crypto-related instruments.
• Increased liquidity and market expansion: With this decision, Valor’s ETPs, which generated approximately SEK 14.3 billion (WE$1.3 billion) in trading volume over the past year, will increase to 23 listings on Spotlight, positioning the company for greater liquidity and market expansion.

TORONTO, October 18, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Business” Or “Challenge Technologies“) (CBOE CA: CHALLENGE) (GR: RB9) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance (“Challenge“), is pleased to announce that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“FTE“) providing simplified access to digital assets, will transfer 19 FTEs from the Nordic growth market (“NGM“) to Spotlight Stock Market (“Highlight“) In Stockholm, Sweden. The move represents an important step in Valour’s growth strategy in the Nordic market and strengthens its position in the ETP segment, particularly for instruments linked to digital assets.

Over the past twelve months, Valor’s ETPs have generated trading volume of approximately SEK 14.3 billion (WE$1.3 billion), and the move to Spotlight is expected to support continued strong growth and increased liquidity. With this transition, Valor will have a total of 23 instruments listed on Spotlight, making Valor a significant player in this market.

“The collaboration with Spotlight Stock Market allows us to accelerate the pace of launching new instruments into the market. Although we will initially have 23 instruments listed on Spotlight, our goal is to double that number. With Spotlight, we aim to become Europethe main platform for crypto ETP,” says Johanna Belitz, head of Nordics at Valour.

“We are very proud and pleased with our collaboration with Valour, which has given our ETP segment a good start since its launch in June this year. By moving all of its ETPs to the Spotlight Exchange, Valor is advancing a relationship that has high expectations, including increasing the number of high-quality instruments traded in a secure environment. Additionally, Valor ETPs will now be traded on a platform with substantial potential to increase international trading,” comments Anders Kumlin, CEO of Spotlight Stock Market.

Among the transferred FTEs are popular products based on Bitcoin, EthereumAnd Solana as underlying assets. Valor emphasizes that holders of these instruments will not have to take any action regarding the listing change, which is expected to go smoothly with the first trading day on Spotlight scheduled for October 21, 2024.

This transition marks a new phase in Valour’s partnership with Spotlight and is a key part of its long-term goal to expand and strengthen its presence in the international digital asset ETP market.

About Challenge Technologies
Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (Challenge). With a focus on cutting-edge Web3 technologies, Challenge The technologies aim to provide investors with widespread access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Follow Challenge Technologies on Linkedin and Twitterand for more details visit https://challenge.technology/

About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues exchange-traded products (“FTE”) which allow individual and institutional investors to access digital assets simply and securely via their traditional bank account. Valor is part of the asset management business of Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).

In addition to their new digital asset platform backed by physical media, which includes 1Valour Bitcoin Carbon neutral physical ETP, 1Valor Ethereum Physical Staking and 1Valor Internet Computer Physical Staking, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (UNI), Cardano (ADA), Peas (POINT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valor Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valor Digital Asset Basket 10 (VDAB10) and 1Valor STOXX Bitcoin Swiss Digital Asset Blue Chip ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment product fully covered with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings. For more information about Valor, to subscribe or to receive updates, visit valour.com.

Caution regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the transfer of FTEs to Spotlight; Valor’s growth strategy in the Nordic countries; investor confidence in Valor’s ETPs; investor interest and confidence in digital assets; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor exchange-traded products by exchanges; growth and development of decentralized finance and cryptocurrency sector; rules and regulations regarding decentralized finance and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be materially different from those contained in forward-looking information. those anticipated, estimated or hoped for. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS VERSION

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SOURCE DeFi Technologies Inc.