Valour, the asset management business of DeFi Technologies, has recently made a significant move by launching its Hedera staking exchange-traded product on the Euronext Amsterdam. This new development marks an expansion of Valour’s Hedera (HBAR) ETP offerings for European investors, with the 1Valour Hedera Physical Staking ETP now listed on the Euronext Amsterdam exchange. The collaboration between Valour and The Hashgraph Group, a venture capital and tech platform within the Hedera ecosystem, has played a key role in providing access to this product, which is based on the HBAR token.
The launch of the Hedera HBAR ETP comes with a strong start, backed by $5 million in seed funding from The Hashgraph Group. This move is part of Valour’s overarching mission to bridge traditional finance with decentralized technologies, reflecting the growing demand for ETPs in the crypto market. Global inflows into ETPs have surpassed $44.5 billion year-to-date, with spot exchange-traded funds like BlackRock’s iShares Bitcoin Trust also experiencing significant inflows.
This is not the first time Valour has ventured into the ETP space, as they previously introduced a physically-backed Ethereum staking ETP on the London Stock Exchange in September and a NEAR Protocol ETP in July. The physically-backed HBAR product is the first listing on the pan-European Euronext exchange under Valour Digital Securities Limited’s base prospectus.
Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the importance of the Hedera HBAR ETP launch, stating that it provides broader opportunities for institutional and retail investors to participate in Hedera’s sustainable network while meeting the growing demand for transparent and regulated digital asset investments.
Hedera, currently ranked as the 21st largest cryptocurrency by market capitalization at over $11.4 billion, operates as a proof-of-stake project. The native token, HBAR, has seen a price surge in recent months, in line with the overall market trend. The network’s growth, fueled by various HBAR product launches, has led to an increase in total value locked on the platform. Additionally, the Hedera governing council has expanded to 33 members, including major entities like Deutsche Telekom, Google, Abrdn, IBM, and Standard Bank.
Overall, the launch of the Hedera HBAR ETP on the Euronext Amsterdam exchange represents a significant step in bringing together traditional finance and decentralized technologies, offering investors new opportunities to engage with the Hedera network and its native token.