Valour, a leading provider of digital asset ETPs, has launched the first exchange-traded product (ETP) linked to the Floki token, making it the first cryptocurrency on a regulated European market. The product, Valour Floki SEK, is listed on the Spotlight Stock Market, providing institutional and retail investors with secure and regulated access to FLOKI, the native token of the Floki ecosystem.
The launch of this ETP marks a significant milestone for the Floki token, which is gaining popularity and support from a global community. FLOKI is used for payments, governance, staking, and access to various services within the Floki ecosystem, including decentralized finance platforms, an NFT gaming metaverse called Valhalla, and educational resources through the University of Floki.
The certificate, issued by Valour Inc, has no expiry date and charges a management fee of 1.9 percent. It is traded in Swedish kronor with a current price of 16.33 SEK and is listed on core brokerage platforms such as Avanza, Nordnet, and more. The assets under management for this ETP currently total 100,000 SEK.
Valour ensures the security of its certificate product line by fully hedging it with the underlying digital assets, with custody provided by licensed institutions like Copper. Additionally, the base prospectuses for Valour’s products are approved by the Swedish Financial Supervisory Authority, ensuring compliance with EU requirements for clarity and transparency.
The launch of Valour Floki SEK aligns with the developers’ goal of mainstream adoption for the Floki token. They anticipate that regulated products like this ETP will expand the token’s reach among both retail and institutional investors. The ETP is also available on popular brokerages such as Avanza, Nordnet, comdirect, ING, Scalable Capital, Degiro, and justTRADE.
With the launch of this ETP, the Floki token is making its mark on the European market and solidifying itself as a reputable and valuable cryptocurrency. This achievement is a testament to the growing interest and demand for digital assets, and Valour is proud to be at the forefront of this movement.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.