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Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange today

Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange on today
Justinas
Baltrusaitis
4 months ago
2 mins read

DeFi Technologies has received approval to trade Polkadot (DOT) and Cardano (ADA) exchange-traded products (ETPs)  on the Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange) through its subsidiary Valour. 

In a press statement, the company stated that the product would be dubbed Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR. Trading in the ETPs began on Monday, February 14, 2022.

The Valour Polkadot (DOT) EUR ETP will track the value of DOT. This comes after the network embarked on significant development like integrating the Ethereum Virtual Machine to its parachain network.

Elsewhere, the Valour Cardano (ADA) EUR ETP will track the performance of ADA. The company cited Cardano’s choice of cost-effectiveness as a driver for launching the product.

The two investment vehicles add to Varlour’s existing product portfolio, including Valour Uniswap (UNI), Solana (SOL) ETPs, Bitcoin Zero, and Valour Ethereum Zero products.  

According to DeFi Technologies, the product targets retail and institutional investors who seek exposure to Polkadot and Cardano networks. By trading the products, the investors will also be able to buy shares conveniently.

Increasing interest in crypto products 

Additionally, Valour CEO Tommy Fransson stated that the product launch is based on increased interest. According to Fransson: 

“We are expanding our product offerings in the large German market through these listings on Boerse Frankfurt. In Scandinavia, where Valour Polkadot and Cardano are already listed, we have seen a big interest in these crypto assets. We look forward to empowering more investors throughout Europe to have access to leading industry ETPs.

In recent months, the Swiss-based Valour has accelerated its launch of various crypto-related products. For instance, in October last year, the company announced plans to unveil the world’s first exchange-traded product (ETP), tracking the token of the decentralized exchange Uniswap.

The products have also impacted the company’s financial results. As of November 2021, the company had surpassed $370m in assets under management from the trading of its products on the NGM and Frankfurt stock exchanges. 

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Justinas Baltrusaitis
Author

Justin crafts insightful data-driven stories on finance, banking, and digital assets. His reports were cited by many influential outlets globally like Forbes, Financial Times, CNBC, Bloomberg, Business Insider, Nasdaq.com, Investing.com, Reuters, among others.

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