Valour has launched its Valour Uniswa SEK on Stockholm’s Nordic growth market, with trading set to go live on Wednesday 1 December.
The ETP, listed on the Nordic Growth Market, allows Nordic-based investors to gain exposure to UNI, a native token of the world’s largest decentralised exchange Uniswap, via their bank or broker.
Uniswap, a popular decentralised exchange (DEX) has seen significant growth, with $4.13 billion currently in total value locked platform.
The open-source protocol built on the Ethereum blockchain is a liquidity provider for the trading of tokens on the Ethereum network, known as ERC-20 tokens. According to Uniswap Labs, Uniswap protocol passed $600 billion in total trading volume since its launch in November 2018.
In October, Valour launched its euro denominated Valour Uniswap ETF on Frankfurt Boerse.
Diana Biggs, Valour CEO, said: “The Nordic investment market for digital assets is one of the most developed in the world, with strong liquidity and engaged participants. We chose to launch Valour here in December 2020 and we are now listing our pioneering UNI SEK product so that investors can benefit from the growth Uniswap is experiencing. At Valour, our mission is to provide investors with the opportunity to gain exposure to areas of innovation, in particular to decentralised finance (DeFi). Our Uniswap ETP, a world’s first, does just that.
“We are extremely bullish on DeFi and are working hard to bring more innovative products such as Valour Uniswap to market, making this important ecosystem of innovation available via mainstream investment channels for the Nordic markets.”
In November, Valour surpassed $370 million in assets under management from the trading of its products on the Nordic Growth Market and Frankfurt stock exchanges.
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