Valour, the asset management business of DeFi Technologies, has launched its Hedera staking exchange-traded product on the Euronext Amsterdam.
The ETP issuer announced on Dec. 18 that the 1Valour Hedera Physical Staking ETP had listed on the Euronext Amsterdam, expanding its Hedera (HBAR) ETP offerings for European investors. Valour is collaborating with the Hedera ecosystem’s venture capital and tech platform, The Hashgraph Group, to provide access to the product, which is based on the HBAR token.
The Hedera HBAR ETP launched with $5 million in seed funding from The Hashgraph Group.
According to Valour, the launch is part of the company’s broader mission to bridge traditional finance with decentralized technologies. This initiative comes as the crypto market sees significant demand for ETPs.
Latest data indicates that global inflows into ETPs have exceeded $44.5 billion year-to-date. Spot exchange-traded funds, such as BlackRock’s iShares Bitcoin Trust, have also recorded substantial inflows.
Valour debuted its physically-backed Ethereum staking ETP on the London Stock Exchange in September. It also unveiled a NEAR Protocol ETP in July.
The physically-backed HBAR product is the first listing on the pan-European Euronext exchange under Valour Digital Securities Limited’s base prospectus.
Olivier Roussy Newton, chief executive officer of DeFi Technologies, highlighted the significance of the Hedera HBAR ETP launch:
“This listing broadens opportunities for institutional and retail investors to participate in Hedera’s robust, sustainable network while aligning with the growing demand for transparent and regulated digital asset investments,” he added.
Hedera, a proof-of-stake project, is currently the 21st largest cryptocurrency by market capitalization, valued at over $11.4 billion. The native token, HBAR, has experienced a price surge in recent months alongside the broader market.
Network growth, bolstered by various HBAR product launches, has driven an increase in total value locked on the platform. Additionally, the Hedera governing council has grown to 33 members, including major entities such as Deutsche Telekom, Google, Abrdn, IBM, and Standard Bank.