HomeNewsXRP Revolution: Tech Giant Launches Ripple ETP, Aims for European Domination -...

XRP Revolution: Tech Giant Launches Ripple ETP, Aims for European Domination – Can It Drive Price to $2?

- Advertisement -
  • Valour has reached record assets under management (AUM) of C$590 million, evidencing its growth.
  • Ripple (XRP) and Binance (BNB) ETPs offer investors simple and secure access to leading cryptocurrencies.

Valour Inc, a subsidiary of DeFi Technologies Inc, a leader in issuing exchange traded products (ETPs) that offer simplified access to digital assets, has reached a record assets under management (AUM) of C$590 million.

This represents growth of 18.7%, reflecting Valour’s strong track record in the market and growing investor confidence in its digital asset products.

Product Portfolio Expansion: Launch of XRP and BNB ETPs

As part of its ongoing commitment to product innovation, Valour has launched Ripple (XRP) and Binance (BNB)trading products (ETPs) on the Nordic Growth Exchange (NGM).

These products offer investors the opportunity to gain exposure to XRP and BNB simply and securely through their bank or broker, meeting the growing demand for digital asset investments in European markets.

XRP and BNB: Key Players in the Cryptocurrency Space

XRP, with a market capitalization of USD 29.57 billion, ranks sixth among all cryptocurrencies globally. Ripple XRP is recognized for facilitating fast and low-cost international transfers, being used in the RippleNet payment network as a bridging currency .

On the other hand, BNB, with a market capitalization of US$54.64 billion, ranks fourth among all cryptocurrencies globally. BNB, formerly known as Binance Coin, is a cryptocurrency created and issued by the Binance cryptocurrency exchange.

Management Perspective

Olivier Roussy Newton, CEO of DeFi Technologies, noted:

“The introduction of Ripple (XRP) and Binance (BNB) ETPs by Valour marks a significant expansion of our product offering. These products underline our commitment to making investing in digital assets accessible and simple for investors across Europe.

This initiative goes beyond simply expanding our product line; it represents a strategic move towards democratizing finance and providing diversified investment opportunities in the world’s leading cryptocurrencies amidst the changing digital asset landscape.”

Nordic Region Head Opinion

Johanna Belitz, Head of Valour’s Nordic Region, expressed:

“We are excited to announce the arrival of Valour BNB and Valour XRP to the vibrant investment community in the Nordics. With these additions, we proudly assert the title of the most comprehensive provider of listed cryptocurrency ETPs in the Nordics, featuring options both as individual assets and bundled within our VDAB10 product.

This puts us in a unique position to satisfy investors interested in navigating the world of cryptocurrencies conveniently, securely and easily.”

Next Steps

Valour continues to prioritize innovation and product development, with plans to list traditional and physical-backed ETPs in the coming months.

Fourth Quarter 2023 Financial Results

The company also announced that its fourth quarter 2023 financial results will be released towards the end of March 2024. Once the exact date is known, the company will issue a statement.

About DeFi Technologies and Valour

DeFi Technologies Inc. is a native cryptocurrency technology company leading the convergence of traditional capital markets with the world of decentralized finance (DeFi).

Valour Inc. issues exchange traded products (ETPs) that allow retail and institutional investors to access digital assets such as Bitcoin simply and securely through their traditional bank account. Valour, founded in 2019, is a subsidiary of DeFi Technologies Inc.

Currently at the time of writing, XRP is trading at $0.5399.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628