Valour launches Uniswap ETP on Nordic Growth Market
Digital asset ETP issuer Valour has launched the Valour Uniswap SEK (VALOUR UNISWAP (UNI) SEK - CH1114178754) on Stockholm’s Nordic Growth Market (NGM).
Valour launched its euro denominated Valour Uniswap ETP on Frankfurt Boerse in October, the first Uniswap ETP in the world. Its Swedish Krona (SEK) denominated product, Valour Uniswap (UNI) SEK, listed on NGM is designed to enable Nordic-based investors to gain exposure to UNI, the native token of the world’s largest decentralised exchange, Uniswap, for the first time, simply and securely, via their bank or broker.
Uniswap, the world’s most popular decentralised exchange (DEX), has been experiencing unprecedented growth, with currently USD4.13 billion in total value locked (TVL) the platform. An open-source protocol built on the Ethereum blockchain, it is a liquidity provider for the trading of tokens on the Ethereum network known as ERC-20 tokens. In November, the Uniswap protocol passed USD600 billion in total trading volume since its launch in November 2018, according to Uniswap Labs.
Valour CEO Diana Biggs says: “The Nordic investment market for digital assets is one of the most developed in the world, with strong liquidity and engaged participants. We chose to launch Valour here in December 2020 and we are now listing our pioneering UNI SEK product so that investors can benefit from the growth Uniswap is experiencing. At Valour, our mission is to provide investors with the opportunity to gain exposure to areas of innovation, in particular to decentralised finance (DeFi). Our Uniswap ETP, a world’s first, does just that.
“We are extremely bullish on DeFi and are working hard to bring more innovative products such as Valour Uniswap to market, making this important ecosystem of innovation available via mainstream investment channels for the Nordic markets.”
In November, Valour surpassed USD370 million USD in assets under management from the trading of its products on the Nordic Growth Market (NGM) and Frankfurt stock exchanges. This achievement marks an exceptional first 11 months of 2021, which has seen AUM grow more than 4000 per cent since the start of the year.
By gaining exposure to digital assets via Valour, investors benefit from the standardisation, risk reduction and operational efficiency of a centrally-cleared product listed on a regulated stock exchange. For each product that is bought and sold on NGM, Valour purchases the equivalent amount of the underlying asset, meaning the products are fully backed at all times.