Valour Rolls out Binance Coin (BNB) Exchange Traded Product (ETP).
Popular Swiss-based technology firm Valour Inc, which bridges the gap between traditional capital markets and decentralized finance (DeFi), announced Wednesday that it is launching its Binance Coin (BNB) Exchange Traded product (ETP) on Börse Frankfurt, a German stock exchange.
According to the announcement, the new product will start trading today, August 24, on the Frankfurt stock exchange.
For clarity, an ETP is a particular type of financial product or securities that tracks underlying securities, an index, or a financial instrument that can easily be purchased on exchanges similar to stocks.
In the case of the new Binance ETP with the tag “Valour Binance (BNB) EUR ETP (CH1149139672),” the product is designed to strictly track the price of BNB, the native token of the Binance Smart Chain network that powers all the activities within the protocol.
The cryptocurrency is sitting among the top five most significant virtual currencies in the world, with a market capitalization of $47.8 billion, according to coinmarketcap data.
Regarding the latest development, Russell Starr, the CEO of Valour, noted that the new Binance ETP product would enable investors to gain exposure to the product on Börse Frankfurt.
“BNB is a dynamic digital asset. By offering exposure to this token on Börse Frankfurt, Valour is enabling investors to safely and securely gain exposure through a distinguished and reputable exchange. I am confident that our low fee model will drive interest in our Valour (BNB) ETP as more investors seek to diversify with digital assets,” he said.
Since its launch in 2019, the company has offered ETP products traded on regulated exchanges like the Börse Frankfurt in Germany and Nordic Growth Market in Sweden. Some of its existing products include Cardano (ADA), Polkadot (DOT), Solana (SOL), and Bitcoin (BTC), the king of cryptocurrencies.
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Source: https://thecryptobasic.com/2022/08/24/blockchain-financial-products-issuer-valour-rolls-out-binance-coin-exchange-traded-product-in-borse-frankfurt/?utm_source=rss&utm_medium=rss&utm_campaign=blockchain-financial-products-issuer-valour-rolls-out-binance-coin-exchange-traded-product-in-borse-frankfurt