Candian firm DeFi Technologies Inc. announced that its wholly-owned subsidiary Valour Structured product (Valour), has signed a letter of Intent with Arcane crypto.
Cryptocurrency investment firm Arcane signed the letter with planning of launching an exchange-traded product (ETP) with Valour later this year. The ETP will be based on Arcane’s crypto fund. It will allow Investors to buy/sell the product through their broker, tracking the performance of an Arcane Assets fund.
Valour is an issuer of ETPs that track digital assets, and ETPs are listed on regulated European stock exchanges.
“Valour has successfully launched several ETPs tracking cryptocurrencies in the past and is an ideal partner for us,” said Arcane crypto CEO Torbjorn Bull Jenssen.
Diana Biggs, CEO of Valour, commented on the partnership, “We’re delighted to be partnering with Arcane to launch the world’s first fund-based crypto ETP. Arcane Assets bring unparalleled knowledge of cryptocurrencies both from a technology and an investment perspective, rightly placing them as one of the most well-respected hedge funds in this space, and this product partnership is a key milestone in our ongoing mission to provide investors of all types with access to the most innovative and highest quality digital asset ETPs.”
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