TL;DR:
- Valour, a subsidiary of DeFi Technologies, has launched a Solana Exchange-Traded Product (ETP) (VSOL) in Brazil.
- The product will trade on Brazil’s primary stock exchange (B3), expanding the regulated offering for local investors.
- The launch highlights the accelerated adoption of digital assets in Brazil, driven by stablecoins and institutional activity.
Valour is set to launch its Solana Exchange-Traded Product (ETP) in Brazil. This new investment vehicle, Valour Solana (VSOL), is scheduled to begin trading on December 17th on Brasil, Bolsa, Balcão (B3 S.A.), the country’s main stock exchange. This strategic step provides local investors with regulated exposure to one of the cryptocurrencies with the largest market capitalization.
This new product joins Valour’s existing lineup, which already includes ETPs based on Bitcoin, XRP, Sui, and Ether, consolidating the firm’s presence in the Brazilian market. Similar to its other offerings, the Solana ETP in Brazil will be denominated in the local currency and designed to track the performance of the high-performance Layer-1 network within a traditional capital markets structure.
Valour’s move reveals its strategy to expand beyond its core European markets, with Brazil positioned as a key focus for international growth.
Brazil: A Rising Giant in Crypto Adoption
In recent years, digital asset adoption in Brazil has gained significant momentum. A recent report from Chainalysis ranked the country fifth globally in crypto adoption, surpassing most Western nations. Brazil scored high in multiple categories, including retail use of centralized services, Decentralized Finance (DeFi) activity, and, crucially, institutional access.
A key factor in this growth has been the proliferation of stablecoin-based payment rails. The Central Bank of Brazil has recognized the widespread use of these stablecoins for payments, especially in cross-border transactions.
This trend has led local fintech companies, such as Crown, to raise capital to launch their own real-denominated stablecoins, targeting institutional investors interested in the local fixed-income market.
Furthermore, major exchanges have contributed to the sector’s expansion. Mercado Bitcoin, one of the largest digital asset platforms in Latin America, has recently expanded its focus toward the tokenization of real-world assets.
In summary, this movement positions the region to meet the growing institutional demand for blockchain-based financial products. The launch of the Valour Solana ETP on B3 underscores that the appetite for regulated crypto products in the region is far from slowing down.
