DeFi Technologies gets approval to trade Polkadot (DOT) and Cardano (ADA) exchange-traded products (ETPs) on the Frankfurt Stock Exchange via its subsidiary Valour.
The company stated that the product would be termed Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR.
The Valour Polkadot (DOT) EUR ETP will track the value of DOT. This emerge after the network launched a major development, including integration of the Ethereum Virtual Machine to its parachain network.
The Value Cardano (ADA) EUR ETP will monitor the performance of ADA, citing the cost-effectiveness of Cardano as a driver for launching the product.
The two investment vehicles expand Varlour’s existing product portfolio, including Valour Uniswap (UNI), Solana (SOL) ETPs, Bitcoin Zero, and Valour Ethereum Zero offerings.
The product targets retail and institutional investors who are looking for exposure to Polkadot and Cardano networks. The investors will purchase shares easily by trading in the products.
Source: PR Newswire