TL;DR
- Valour Inc. launches the first Exchange Traded Product (ETP) for the NEAR Protocol token on Sweden’s Spotlight Stock Market, providing secure and diversified access to its ecosystem.
- NEAR Protocol has a market capitalization of approximately $6.7 billion and a value of $6.06.
- Valour has launched eleven ETPs in 2024 and plans to expand its digital product offerings, strengthening its position as a facilitator of access to digital assets.
Valour Inc., a subsidiary of DeFi Technologies, has announced the launch of the first Exchange Traded Product (ETP) for the NEAR Protocol token on Sweden’s Spotlight Stock Market. The aim is to offer institutional and retail investors a secure and diversified way to access the NEAR ecosystem.
NEAR Protocol, known for its high scalability and low transaction costs, supports decentralized applications in sectors such as DeFi and NFTs. With a market capitalization of approximately $6.7 billion and a value of $6.06, it ranks among the top 20 digital assets globally, distinguished by its interoperability and ease of use for a wide range of financial services.
Since this morning, our new product and the very first ETP with the @NEARProtocol as underlying asset, is trading at Spotlight Stock Market in Sweden!
💬 "By launching the world's first Valour NEAR ETP, we’re giving investors an extraordinary chance to dive into the… pic.twitter.com/vQtyX6nLCs
— Valour (@ValourFunds) July 17, 2024
Valour has rapidly expanded its digital product offerings in 2024, launching eleven ETPs to date, and plans to introduce more investment products in the coming months. The Near ETP aims to expand options available to investors in Sweden, bolstering the company’s position as a creator of simplified access to digital assets.
NEAR Joins Valour’s Extensive List of ETPs
Sweden’s Spotlight Stock Market, where this ETP will be traded, has positioned itself as a conducive environment for innovation in finance and digital economy. Founded in 1997, Spotlight Group AB has developed its ETP segment in collaboration with Valour, reinforcing a commitment to expansion and accessibility in the digital asset market.
Valour responds to the growing demand for financial products linked to cryptocurrencies and blockchain technologies. The firm will create new opportunities for investors seeking to diversify their portfolios with high-potential digital assets like NEAR in a simple and secure manner. The firm’s strategy aims to continue scaling in the industry, innovating in the digital asset market, and anticipating and meeting the evolving needs of a dynamic market.
