In a recent press statement, European digital asset manager Valour announced a significant step towards making cryptocurrency investment more accessible, listing two new Exchange-Traded Products (ETPs) on the Nordic Growth Market (NGM) in Sweden.
These ETPs, representing both XRP and Binance (BNB), mark Valour’s latest expansion into the European market and cater to the growing demand for regulated and secure exposure to digital assets.
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The launch of the XRP ETP, named Valour Ripple (XRP) SEK (ISIN: CH1161139584), allows investors to gain exposure to XRP through their traditional bank or broker. This eliminates the need for direct involvement with complex cryptocurrency exchanges and custody solutions, offering a familiar and secure investment avenue.
Notably, XRP boasts a market capitalization of $29.42 billion, ranking as the sixth-largest cryptocurrency globally. Its prominence stems from its role in facilitating fast and cost-effective cross-border payments, making it an attractive option for financial institutions seeking efficient alternatives to conventional mechanisms.
Furthermore, the ETP highlights XRP’s function as a bridge asset within Ripple’s global payment network, enabling seamless currency exchanges across borders. Its widespread utility has positioned XRP as a preferred choice for individuals and institutions seeking to navigate the increasingly interconnected financial landscape.
BNB ETP listed alongside XRP
Alongside the XRP ETP, Valour has also introduced a BNB ETP, reflecting the growing prominence of the Binance ecosystem. With a market valuation of $56 billion and ranking as the fourth-largest cryptocurrency, BNB plays a crucial role within the Binance ecosystem, facilitating trading fee payments on the world’s leading crypto exchange. This integration has fueled interest in BNB, making it a valuable addition to Valour’s product range.
Reacting to the new development, Olivier Roussy Newton, CEO of DeFi Technologies, the parent company of Valour, stated:
“Valour has recently added Ripple (XRP) and Binance (BNB) exchange-traded products (ETPs) to its line of investment offerings. This move is a significant development in the company’s mission to provide easy and accessible investment options for digital assets, making it simpler for investors across Europe to invest in these cryptocurrencies.”
Johanna Belitz, Head of Nordics at Valour, echoed Newton’s enthusiasm, highlighting the significance of listing XRP ETPs in the Nordics, stating that it positions them uniquely to cater to investors seeking convenient exposure to the crypto world. She further noted that adding XRP ETPs to their existing offerings solidifies their position as the leading provider of crypto ETPs in the Nordic region.
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NGM, a renowned stock exchange with over 30 years of experience, is the ideal platform for this launch. With expertise in facilitating trading across various asset classes, including bonds, equities, and derivatives, NGM’s established infrastructure provides a secure and regulated environment for investors to access the burgeoning world of digital assets through Valour’s ETP offerings.
Launching these ETPs signifies a crucial step forward in bridging the gap between traditional finance and the world of cryptocurrencies. By offering regulated and familiar investment vehicles, Valour empowers European investors to participate in the digital asset revolution with confidence and convenience.
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