Valour, the asset management arm of DeFi Technologies, has announced the launch of a Hedera staking ETP on Euronext Amsterdam.
Product Launch and Details
On December 18, Valour announced the listing of its 1Valour Hedera Physical Staking ETP on Euronext Amsterdam, expanding its Hedera ETP offerings for European investors. The product was launched in collaboration with The Hashgraph Group and is based on the HBAR token, with $5 million in seed funding from The Hashgraph Group.
Market Significance
The launch is part of Valour's mission to bridge traditional finance with decentralized technologies. This comes amid significant demand for ETPs in the crypto market, with global inflows exceeding $44.5 billion year-to-date.
Prospects for the Hedera Project
The Hedera project is currently the 21st largest cryptocurrency by market capitalization. In recent months, its token HBAR has experienced significant price growth. The Hedera governing council has grown to 33 members, including major companies such as Deutsche Telekom, Google, and IBM.
The listing of Valour's new product on Euronext Amsterdam provides investors with additional opportunities to participate in the Hedera network, highlighting the growing interest in regulated digital assets.
