As a report has it, DeFi Technologies, a technology company bridging the gap between traditional capital markets and decentralized finance (DeFi), has gained approval to trade Cardano (ADA) and Polkadot (DOT) exchange-traded products (ETPs) on the Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange) via its subsidiary Valour beginning from today 14th February 2022.
According to the report, the newly launched ETPs will enable both retail and institutional investors to seamlessly gain exposure to Polkadot (DOT) and Cardano (ADA) such as buying shares from banks or brokers.
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Reacting to the new development, Tommy Fransson, CEO of Valour, said, “We are expanding our 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. We look forward to empowering more investors throughout Europe to have access to leading industry ETPs.”
How Does It Work?
According to the report, the Valour Polkadot (DOT) and Valour Cardano (ADA) precisely track the performance of the digital tokens DOT and ADA respectively. Valour’s Polkadot ETP and Valour’s Cardano ETP make investments in the leading decentralized platforms simple, secure, and cost-effective.
The report further added that Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges.
Read Also: Cardano Beats Bitcoin and Ethereum in Terms of Transaction Volume
Polkadot (DOT) and Cardano (ADA) are joining a number of Valour’s existing products, such as Valour Uniswap (UNI), Solana (SOL) ETPs, Bitcoin Zero, and Valour Ethereum Zero products.
According to DeFi Technologies, the products target retail and institutional investors who are seeking exposure to Polkadot and Cardano networks. As aforementioned, by trading the products, the investors will possess the ability to buy shares conveniently.
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