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DeFi Technologies (NEO:DEFI) subsidiary launches crypto funds

Cryptocurrency
NEO:DEFI
26 May 2022 16:30 (EDT)
DeFi Technologies - Valour CEO, Tommy Fransson.

Source: LinkedIn.

DeFi Technologies (DEFI) subsidiary Valour has launched two new crypto funds.

Valour Enjin and Valour Cosmos, both ETPs, began trading today on the Frankfurt Stock Exchange.

Valour Enjin tracks the price of ENJ, the native token of the Enjin protocol.

Enjin is an online gaming platform built on the Ethereum blockchain. It provides crypto-backed value as well as software development kits, payments, game plugins, wallets and virtual goods management apps.

As of today, ENJ has a market cap of just under C$720M.

Valour Cosmos tracks the performance of Atom, the native token of Cosmos, a network of blockchains that can communicate with each other in a decentralized way.

As of today, Atom’s market cap stands at just over $3.5B.

The funds complement Valour’s existing European ETP lineup covering Bitcoin, Ethereum, Uniswap, Cardano, Polkadot, Solana and Avalanche.

“We are excited to announce the listings of Enjin and Cosmos. With the focus on creating a state-of-the-art infrastructure and product offering, these new listings support our high ambitions,” stated Tommy Fransson, CEO of Valour.

Valour issues exchange-listed financial products.

DeFi Technologies provides diversified exposure across the decentralized finance ecosystem.

DeFi Technologies (DEFI) closed up by 7.69 per cent trading at $0.70 per share.

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