Digital asset-focused investment products company Valour Structured Products Inc. announced the launch of two cryptocurrency ETPs, based on Cardano (ADA) and Polkadot (DOT), on the Nordic Growth Market (NGM) exchange.
This Tuesday, the company Value Structured Products Inc., dedicated to the creation and issuance of investment products based on cryptocurrencies and digital assets, launched two new ETPs, or exchange-traded products, to offer its clients greater exposure to cryptocurrencies. Cardano (ADA) y polkadot (DOT), which are in the Top 10 of the cryptocurrencies, most important in the digital industry.
New ETPs opened on the stock exchange Nordic Growth Market (NGM) This Tuesday, under the names of The Valor Cardano SEK ETP, with code CH111478796, and The Valour Polkadot SEK ETP, under the code CH1114178770. In the Spanish President Pedro Sánchez’s announcementValour Structured notes that both investment products ensure that investors gain exposure to digital assets in a simple and secure way, through their bank or broker.
With this launch, Cardano and Polkadot now have two publicly traded ETP products. The first were launched by the firm 21Shares.
In February, the firm 21Shares launched the first ETP for Polkadot on the Swiss SIX Exchange, under the PDOT designation. Later, at the end of April, 21Shares announced the launch of the Cardano ADA ETP, also on the Swiss SIX Exchange, the largest stock exchange in Switzerland.
Valour Structured Products Inc. also has ETPs for Bitcoin y Ethereum, the two largest cryptocurrencies in the industry by market capitalization. Diana BiggsValour CEO, says the launch of Cardano and Polkadot ETPs responds to growing investor demand for access to more digital asset products, following the success of BTC and ETH exchange-traded products.
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Unlocking the potential of Cardano and Polkadot
Valour Structured argues that Cardano and Polkadot are two protocols blockchain next-generation blockchains that facilitate the creation and deployment of decentralized applications (dApps), capable of providing great value to society, without sacrificing security, scalability and programmability.
In the case of Cardano, the investment products firm highlights the scientific and research nature of Cardano's developers, who have focused on building a blockchain in stages and from scratch to overcome all the obstacles and difficulties faced by several of the most popular blockchain networks today.
For its part, Polkadot, also a next-generation blockchain, is about to launch its blockchain functionality. parachains, and with it, bring developers and users the true potential of blockchain technology. Powered by the Web3 Foundation, Polkadot enables the construction of a highly scalable and interoperable blockchain, offering support for multiple blockchains, and providing decentralized governance for the network.
The vision behind Polkadot is to offer a fragmented protocol that allows different decentralized blockchain networks to work together. In this way, peer-to-peer applications, organizations, businesses, economies, entire digital societies, and more, will have the possibility to form, grow, govern themselves and interact with different chains, without the need for centralized institutions of trust, and in a highly scalable way that guarantees performance and low costs.
More than $100.000 million in capitalization
Cardano (ADA) and Polkadot (DOT) are two of the most important cryptocurrencies that exist in the crypto industry today. Together, these cryptocurrencies have a market capitalization of over 103.000 million, and its promise of innovation and technological development ensures that its value will continue to grow in the future.
ADA is currently the fourth largest cryptocurrency on the market, with a market capitalization of over $66.400 billion. This token has also grown by more than 3.900% in the last year, which has led it to exceed a value of $2 per unit for the first time last week. At the time of this edition, ADA is listed on the markets with a value of $2,08.
On the other hand, DOT is currently the eighth largest cryptocurrency in the industry, with a market capitalization of over $37.130 billion. DOT has appreciated more than 1.700% since its all-time low of $2,9 last August. At the time of this writing, DOT is trading at a value of $39,6 per unit.
Polkadot, Current and HyFi
The digital banking services platform, Current announced that it would be joining the Polkadot decentralized ecosystem, through the decentralized finance protocol (DeFi), Calm down.
Current announced its association with Acala to establish a new category of hybrid financing, called Hyper Finance (HyFi), which combines the potential of traditional financial applications with decentralized financial applications developed on blockchain.
The US fintech firm chose Polkadot’s Acala protocol for its innovation and growth potential, being a protocol designed for building cross-chain financial applications that allow users to trade, issue self-service loans, become liquidity providers, access staking derivatives, and earn high-interest APY on their digital assets. Current believes that both Acala Network and Polkadot are optimized for DeFi, and well-equipped to serve the growing demand for HyFi applications that currently exists.
Continue reading: Gavin Wood announces the launch of parachains on the Polkadot blockchain
