DeFi Technologies Inc., through its subsidiary Valour Digital Securities Limited, has introduced the “world’s first physically-backed, yield-bearing Bitcoin ETP” on Germany’s Xetra exchange, in partnership with Core Foundation, an organisation focused on developing the Core blockchain.
Known as 1Valour Bitcoin Physical Staking (1VBS), the product offers German investors exposure to Bitcoin with an initial fixed yield of 1.40%, alongside a 0.9% management fee. This innovative ETP allows investors to benefit from Bitcoin’s growth potential without the technical barriers associated with traditional staking. Through Valour’s partnership with Core Foundation, 1VBS leverages the Core blockchain, which is compatible with Ethereum Virtual Machine smart contracts and reinforced by a unique “Satoshi Plus” consensus mechanism. This system enhances security and scalability by using 50% of Bitcoin’s mining power.
Elaine Buehler, head of product at Valour, emphasised the benefits of the new ETP, stating, “1VBS not only invests in the world’s strongest cryptocurrency but also generates passive income through an innovative staking mechanism, enhancing an investor’s strategy while simplifying the process.”
Launched on November 1, 2024, 1VBS allows investors to delegate Bitcoin holdings to Core validators, producing yield that is reflected in the Net Asset Value daily. By partnering with Core Foundation, Valour retains full custodial control over assets, ensuring investor security through a regulated framework and short-term lockup periods.
Olivier Roussy Newton, CEO of DeFi Technologies, said: “This new, yield-bearing Bitcoin ETP on Xetra offers secure and simplified access to Bitcoin’s growth potential with an attractive initial fixed yield. The Core blockchain’s Bitcoin-powered architecture and staking mechanism enhance Bitcoin’s utility and allow investors to earn yield seamlessly. By converting staking rewards to Bitcoin, 1VBS ensures that the ETP’s assets remain fully backed by Bitcoin, providing both transparency and security for investors seeking regulated, yield-bearing crypto exposure.
