Core Foundation collaborates with DeFi Technologies Subsidiary, Valour, to Launch Innovative Bitcoin ETPs
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DeFi Technologies Inc., a financial technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralised finance is pleased to announce that its subsidiary, Valour, a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has entered into a collaboration with the Core Foundation.
This collaboration is set to develop innovative ETPs that leverage Core Chain’s unique blockchain capabilities, introducing a first-of-its-kind Yield Bearing BTC ETP and a novel Core ETP. These ETPs aim to redefine Bitcoin’s utility as an investment opportunity within the digital asset ecosystem, granting BTC native yield through non-custodial BTC staking.
The Yield Bearing BTC ETP will offer yield directly from Core Chain’s block rewards. This groundbreaking initiative marks a first in the market, as the previously passive BTC asset becomes productive and yield-bearing without moving off the Bitcoin Network. The Core ETP will provide investors with yield-bearing opportunities through Core Chain’s native staking rewards, aimed at enhancing investor returns. This ETP is designed to widen investor access to Core’s innovative staking mechanisms. In this strategic collaboration, Valour will also manage a validator node on the Core Blockchain. This effort will not only bolster the security and efficiency of the Core network but also enable Valour to earn validator commissions, highlighting the synergistic potential between Valour and Core Chain. Valour additionally plans to stake $100 million in BTC with Core Chain through the BTC staking product.
“We are at a pivotal moment in the evolution of digital assets, where the boundaries between traditional finance and decentralized finance are not just blurring but merging,” says Olivier Roussy Newton, CEO of DeFi Technologies. “This collaboration with the Core Foundation and the launch of our innovative ETPs are emblematic of our commitment to leading this charge. By introducing yield-bearing opportunities to Bitcoin through these ETPs, we’re not only enhancing its utility but also offering investors novel ways to engage with the world’s premier cryptocurrency. Our move to manage a validator node and our significant BTC stake in the Core Chain are testament to our belief in a future where Bitcoin’s foundational technology and DeFi innovations converge to create unparalleled investment opportunities.”
“We’re thrilled to announce our collaboration with DeFi Technologies and Valour. Their inspiring vision of enabling access to innovative digital products through traditional offerings perfectly aligns with our ethos at Core Foundation.” says Brendon Sedo, contributor at Core Foundation. “This collaboration not only signals Bitcoin’s growth as an ecosystem but also showcases the growing potential of BTC as a yield-bearing asset. Core Foundation is proud to be the first and most reliable ecosystem to power these new offerings, underscoring Core Chain’s position as the most Bitcoin-aligned blockchain. We’re excited about the future and warmly welcome the DeFi Technologies team in our collective journey forward.”
About Core Chain
The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-Compatible smart contracts. With 50% of Bitcoin mining hash power contributing to Core’s security in exchange for unlocking Bitcoin utility and rewards, Core Chain is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more).
About DeFi Technologies
DeFi Technologies Inc. is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed 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.
About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Enjin (ENJ), Bitcoin Carbon Neutral (BTCN), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.
