Digital ETP issuer Valour Inc has announced two new ETPs: Valour Terra (LUNA) SEK and Valour Avalanche (AVAX) SEK on the Nordic Growth Market.
The firm writes that the new ETPs will enable both retail and institutional investors to gain exposure to the native tokens of the Terra and Avalanche networks as easily as buying shares from their bank or broker. The products are currently offered on the NGM stock exchange with other exchanges soon to follow, with listing dates to be announced in due course.
“Supporting requests from our investor community, we are now launching the first ETPs on LUNA and AVAX in the Nordics. Both tokens have been heavily requested and we are happy to now be able to offer them,” says Tommy Fransson, CEO of Valour.
The Valour Terra (LUNA) ETP (ISIN CH1114178804) tracks the performance of LUNA, the native token of the Terra protocol, a decentralised and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralised Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency and the Terra ecosystem is a quickly expanding network of decentralized applications. LUNA is among the top 10 cryptocurrencies in the world by market capitalisation, currently at USD27.5 billion.
The Valour Avalanche (AVAX) ETP ( ISIN CH1114178788) tracks the performance of AVAX, the native token of the Avalanche platform. Avalanche is an open, programmable smart contracts platform for decentralised applications aiming to rival Ethereum due to its high speed. Avalanche’s core innovation is that it is composed of three blockchains rather than the usual one, enabling the distribution of tasks to help keep the Avalanche platform agile while achieving decentralisation, security and scalability. AVAX is among the top fifteen cryptocurrencies in the world by market capitalisation, currently at USD18.3 billion.