Valour introduces Hedera ETP on Euronext Amsterdam

DeFi Technologies’ asset management company Valour has launched its Hedera staking exchange-traded product on Euronext Amsterdam.

The ETP issuer announced on December 18 that 1Valour Hedera Physical Staking ETP has been listed on Euronext Amsterdam, expanding the Hedera (HBAR) ETP offerings for European investors. Valor is collaborating with The Hashgraph Group, the venture capital and technology platform of the Hedera ecosystem, to provide access to the product based on the HBAR token.

Hedera HBAR ETP was launched with $5 million in seed funding from The Hashgraph Group.

According to Valour, the launch is part of the company’s broader mission to bridge traditional finance with decentralized technologies. This initiative comes as the crypto market sees significant demand for ETPs.

Latest data shows that global inflow into ETPs has exceeded $44.5 billion to date. Spot exchange-traded funds such as BlackRock’s iShares Bitcoin Trust also recorded significant inflows.

Valor launched its physically backed Ethereum staking ETP on the London Stock Exchange in September. It also announced the NEAR Protocol ETP in July.

The physically backed HBAR product is the first listing on the pan-European Euronext exchange under Valor Digital Securities Limited’s base prospectus.

Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the importance of the Hedera HBAR ETP launch:

“This listing aligns with the growing demand for transparent and regulated digital asset investments while expanding opportunities for institutional and individual investors to participate in Hedera’s robust, sustainable network,” he added.

Hedera, a proof-of-stake project, is currently the 21st largest cryptocurrency by market cap, worth over $11.4 billion. Native token HBAR has experienced price increases along with the broader market in recent months.

Network growth, supported by various HBAR product launches, has led to an increase in the overall value locked on the platform. Additionally, the Hedera management council has grown to 33 members, including major organizations such as Deutsche Telekom, Google, Abrdn, IBM and Standard Bank.