Summary
- It said that a Solana (SOL) ETP will be listed for the first time on the Brazilian stock exchange.
- It said investors will be able to invest indirectly through their securities accounts in the VSOL product linked to Solana's price.
- It reported that demand for crypto asset investment and accessibility to regulated financial products is expanding in Brazil and across Latin America.
An exchange-traded product (ETP) backed by Solana (SOL) is scheduled to be listed on the Brazilian stock exchange. This will be the first time a Solana-based ETP is officially traded in the Brazilian market.
On the 16th (local time), crypto-focused media Cointelegraph reported that Valour, a subsidiary of ETP issuer DeFi Technologies, received approval to launch a Solana ETP in Brazil. The product's ticker is VSOL.
VSOL is scheduled to be listed on the Brazilian stock exchange B3 on Wednesday. Investors will be able to indirectly invest in a product linked to Solana's price through their securities accounts.
Valour has launched various crypto ETPs, including Bitcoin (BTC), Ethereum (ETH), and Polygon, mainly in Europe. This listing in Brazil signifies business expansion into the Latin American market.
Market participants note that, amid steadily increasing demand for crypto investments in Latin America including Brazil, accessibility to regulated financial product forms is expanding.
JH Kim
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