Valour Launches NEAR ETP on Sweden’s Spotlight Stock Market
Cryptocurrency fund issuer Valor has announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token NEAR, which will be listed on Sweden’s Spotlight stock market. This move will provide retail and institutional investors with access to a decentralized application development platform.
Valour’s Diverse ETP Portfolio
Valor, known for operating one of the largest Solana ETPs, now expands its offerings with the NEAR ETP. The company also provides a range of staking products, including ETPs for Bitcoin, Ethereum, and Internet Computer.
Elaine Buehler, head of product at Valour, emphasized the significance of the new NEAR ETP, highlighting its potential to give investors exposure to groundbreaking technology in decentralized finance (DeFi) and non-fungible tokens (NFTs).
Near Protocol: Transformative Blockchain Solution
Near Protocol addresses common blockchain development challenges such as user onboarding and multi-chain operations. With a market capitalization of approximately $6.8 billion, Near Protocol ranks among the top 20 digital assets globally, according to CoinMarketCap.
The launch of the NEAR ETP aligns with recent U.S. regulatory approvals for exchange-traded ETH products, setting the stage for more cryptocurrency ETPs in the United States. Valour’s parent company, DeFi Technologies, manages around $600 million in crypto-native assets.
Valour’s ongoing expansion, including the acquisition of trading platform Stillman Digital, underscores its commitment to offering innovative blockchain investment products. The NEAR ETP marks a significant milestone in providing investors with access to cutting-edge blockchain technology.
