DeFi Technologies Launches XRP Exchange Traded Product (ETP) in Europe, Catering to Growing Demand for Digital Asset Investments

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DeFi Technologies Inc., a company at the forefront of merging traditional finance with digital assets, has announced the upcoming launch of an XRP Exchange Traded Product (ETP) in Europe. This move by Valour Inc., a subsidiary of DeFi Technologies, aims to meet the growing demand for diverse digital asset investments in European markets. The introduction of the Ripple XRP ETP is a significant addition to Valour’s product portfolio and aligns with their mission to democratize access to digital assets. XRP, with a market capitalization of $31.6 billion, is the fifth-largest cryptocurrency globally and is known for its functionality in low-cost international money transfers. DeFi Technologies emphasizes XRP’s appeal to financial institutions seeking efficient alternatives to traditional cross-border payment methods. The company operates at the intersection of traditional capital markets and decentralized finance, bringing innovative Web3 technologies to investors. Valour already offers a range of digital asset ETPs and plans to introduce more traditional and physically backed ETPs in the future. The recent oversubscribed private placement raised funds for corporate purposes, including expanding digital asset offerings. With plans for continued product innovation, Valour is poised to provide accessible and innovative investment options in the digital asset space.

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