DeFi Technologies Inc., a technology company bridging the gap between traditional capital markets and decentralized finance, announced that Valour Inc. (“Valour”), its wholly owned subsidiary and a pioneer in digital asset exchange traded products (“ETPs”), has been approved for a Swiss VQF membership through its Switzerland-based entity DeFi Europe.
The Swiss VQF membership was awarded by VQF, a self-regulatory association for the financial industry in Switzerland. The SRO is supervised by the country’s official watchdog, the Swiss Financial Market Supervisory Authority (“FINMA”).
DeFi Europe is a wholly owned subsidiary of Valour Inc. based in Zug, Switzerland. With the approval, DeFi Europe can now operate as a broker for digital assets, fully compliant with Swiss anti-money laundering legislation, enabling the company to offer access and liquidity in digital assets to businesses and institutions. The membership provides a regulatory stamp of approval strengthening the Company’s trust as an issuer of digital assets. Valour becomes the first and only ETP issuer with admission to the VQF association.
“We see a tremendous amount of development across the broker landscape with continued adoption and demand for ETPs and digital assets,” said Tommy Fransson, CEO of Valour. “In addition to ETPs, the most innovative brokers are searching for the possibility to offer crypto directly to their clients. With our state of the art infrastructure already in place, in combination with the transparency and trust that is a guiding principle for us at Valour, we see this as our next phase to leverage our existing operations that will enable us to support our counterparts.”
“We continue to focus on providing transparency and utility to investors,” said Russell Starr, CEO of DeFi Technologies. “Receiving admission to the VQF association further strengthens our value proposition and validates our ambition to be a leading provider of digital assets. We believe this will be an important step in our roadmap to access an even larger part of the institutional market.”
Learn more about DeFi Technologies and Valour at defi.tech and valour.com.
About VQF
The Financial Services Standards Association (in German: Verein zur Qualitätssicherung von Finanzdienstleistungen – VQF) is a self-regulatory organization. In Switzerland, the Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation of financial institutes/intermediaries such as banks, insurances, broker-dealers, funds as well as SRO’s.
About DeFi Europe
DeFi Europe is a wholly owned subsidiary of Valour Inc. based in Zug, Switzerland. Once approved, DeFi Europe will be operating as a broker for virtual assets, fully compliant with Swiss anti-money laundering legislation and enable the company to offer access and liquidity in virtual assets.
About Valour
Valour Inc. issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO:DEFI) (GR: RMJ.F) (OTC: DEFTF). For more information on Valour, visit www.valour.com.
About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to industry-leading decentralized technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies