Valour and THA Launch First Hedera (HBAR) ETP on Frankfurt Stock Exchange

TORONTO – DeFi Technologies Inc. and its subsidiary Valour Inc. launched the Valour Hedera (HBAR) ETP in collaboration with The Hashgraph Association (THA). This launch was highlighted by a closing bell ceremony on the main floor of the Frankfurt Stock Exchange on June 18th. This event marked the debut of the first cryptocurrency certificate exchange-traded product on the Frankfurt Stock Exchange.  

The Frankfurt Stock Exchange’s closing bell ceremony marked the launch of the Valour Hedera (HBAR) ETP, which was watched closely by industry leaders and investors. This new product demonstrates Valour’s commitment to expanding its portfolio of Exchange Traded Products (ETPs) and improving market access for digital assets on traditional exchanges.

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With the launch of the world’s first Hedera (HBAR) ETP, we’re not just offering an investment product, but a gateway for investors to access the capabilities of the Hedera network,” said Elaine Buehler, Head of Product at Valour Europe AG, adding that the product simplifies the process for investors to engage with enterprise blockchain technology.

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The Valour Hedera (HBAR) ETP is an important addition to Valour’s offering, providing institutional investors with secure and straightforward access to Hedera’s native cryptocurrency. This launch is in line with Valour’s strategy to increase the availability of digital asset products on traditional exchanges.

Hedera HBAR, Hedera’s native cryptocurrency, is used for transaction fees and network security through proof-of-stake and its asynchronous Byzantine fault-tolerant (aBFT) hashgraph consensus algorithm. HBAR has a market capitalization of approximately $3 billion and ranks in the top 30 cryptocurrencies worldwide according to CoinMarketCap.

Hedera operates as a decentralized, open-source, proof-of-stake public ledger using aBFT hashgraph consensus. Governed by a decentralized council of global companies, universities and Web3 projects, Hedera is designed for high throughput, fast finality, low fees, fair transaction ordering and scalability. 

Stefan Deiss, co-founder and board member of the Hashgraph Association, noted, “This launch is in line with our goal to bring institutional investors to Web3 and enable them to invest in digital assets as innovative and alternative investments. He added that HBAR is also the world’s most energy-efficient utility token for paying transaction fees and securing the Hedera DLT network.

Marco A. Infuso, Chief Sales Officer at Valour Europe AG, commented, “The launch of Valour Hedera (HBAR) is a significant development. It allows the integration of the Hedera crypto asset into traditional portfolios or bank accounts as easily and transparently as other stocks or bonds, and marks the first-ever crypto ETP bell ringing in the certificates area of the Frankfurt Stock Exchange.”

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