Summary
- DeFi Technologies said it launched a Bitcoin staking ETP on the London Stock Exchange for the first time.
- The ETP product is fully backed by physical Bitcoin held in institutional-grade cold wallets and reportedly offers an annual 1.4% staking yield.
- It emphasized that this launch is seen as a milestone connecting traditional capital markets and decentralized finance.
Nasdaq-listed U.S. company DeFi Technologies has launched a Bitcoin (BTC) staking ETP in the UK.
DeFi Technologies said on the 18th (local time) that it launched the Bitcoin staking ETP '1VBS' on the London Stock Exchange (LSE). This is the first time a Bitcoin staking investment product has been launched on the London Stock Exchange. DeFi Technologies is the parent company of Valour, a Swiss cryptocurrency exchange-traded product (ETP) operator.
The ETP is fully collateralized by physical Bitcoin held in institutional-grade cold wallets. The staking yield offered to investors is 1.4% per year.
Olivier Newton, Chief Executive Officer (CEO) of DeFi Technologies, said, "This ETP launch is a demonstration of our intent to provide institutional-grade (crypto) solutions to the UK market," and added, "Listing the first Bitcoin staking product on the London Stock Exchange is a milestone linking traditional capital markets and decentralized finance."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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