🌎 Valour Launches First ETP for Core DAO on Spotlight Stock Exchange

DeFi Technologies’ subsidiary Valour has introduced the first exchange-traded product (ETP) for Core DAO, a Bitcoin scaling solution.

Switzerland-based financial firm Valour has launched its first ETP for Core DAO (CORE), a Bitcoin-powered layer-1 solution that combines proof-of-work and delegated proof-of-stake consensus mechanisms.

According to the Core Foundation, the new product, called “CORE ETP,” will be available on the Spotlight Stock Exchange. This initiative aims to provide investors with a new way to gain exposure to the Core blockchain network.

Rich Rines, a founding contributor to CoreDAO, stated that the launch of the ETP is a significant contribution to the project. He noted that institutions and participants in traditional finance can now access the native CORE token. Established in 2022, Core is a Bitcoin-powered blockchain offering EMV-compatible services like non-custodial Bitcoin staking and yield-bearing Bitcoin ETP.

DeFi Technologies launched the ETP just a week after addressing allegations of stock manipulation and unfounded growth claims made by a cryptocurrency newsletter. The newsletter questioned the basis for the firm’s stock surge of 3,400% over the past year, attributing it to influencer promotions and media mentions.

In response, DeFi Technologies dismissed these claims, labeling the report as containing “defamatory, selective, inaccurate, incomplete, and misleading statements.”