DeFi Technologies Subsidiary Partners with Arcane Assets to Enhance the Issuance of ETPs

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DeFi Technologies Inc. (NEO: DEFI) has announced on Wednesday that its wholly-owned subsidiary, Valour Structured Products has signed a Letter of Intent (LOI) with Arcane Crypto’s, a subsidiary of Arcane Assets(AS). The signing of LOI would enable the two firms to explore the issuance and listing of Exchange Traded Products (ETP), based on Arcane’s cryptocurrency fund.

This will enable the ETP to be the first of a kind, fully supported by cryptocurrency assets. The two firms are working on a definitive partnership agreement and the issuance plan, expected to be complete later in the year.

Speaking about the partnership, Torbjorn Bull Jenssen, the CEO of Arcane Crypto AS expressed his delight in the successful partnership that will enhance ETPs’ cryptocurrencies tracking.

“Valour has successfully launched several ETPs tracking cryptocurrencies in the past and is an ideal partner for us. By joining forces, we intend to bring a truly new innovative product to market, lowering the frictions associated with cryptocurrency investments.”

Valour is an issuer of ETPs that track underlying digital assets. ETPs are listed on regulated European stock exchanges and help investors gain exposure to the emerging asset class through their banks like Avanza and Nornet.

Eric Wall, CIO of Arcane Assets, also acclaimed the partnership, calling it an ideal one-stop solution for investors through their cryptocurrency management portfolio. Diana Biggs, CEO of Valour, also commented on the partnership, acclaiming it as an asset of unparalleled knowledge of cryptocurrencies from a technology and investment perspective.

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