- Value introduction Dogecoin (DOGE) SEK ETP: Challenge Valor Inc., a subsidiary of Technologies, introduced the Valor Dogecoin (DOGE) ETP (ISIN: CH1108679320) on Sweden Stock Market Spotlight, marking the first Dogecoin FTE available in Nordic countries. This launch expands Valor’s digital asset product line, providing investors with exposure to Dogecoinwhich currently has a market capitalization of approximately $59.5 billionranking it as the 7th largest digital asset in the world.
- Understanding Dogecoin (DOGE): Dogecoin is an open source peer-to-peer digital currency that was created as a lightweight alternative to Bitcoin. Created in December 2013 by software engineers Billy Markus And Jackson Palmerit features the Shiba Inu dog from “Doge” even as a logo. Despite its humorous beginnings, Dogecoin has developed a strong community and gained popularity in the cryptocurrency walk. It works on a decentralized network, using blockchain technology to facilitate secure and fast transactions. Similar to BitcoinTHE Dogecoin Blockchain uses a proof-of-work consensus mechanism, requiring miners to solve complex mathematical problems to validate transactions and secure the network. Miners are rewarded with Dogecoin for their efforts, contributing to the flow and safety of the room. Dogecoin is often used to tip online content creators and has been employed in various charitable initiatives, reflecting its community ethos.
- Strategic Product Expansion: Launch of Valor Dogecoin ETP highlights Valor’s commitment to providing innovative digital asset investment opportunities in a rapidly evolving financial landscape. By listing this ETP on the Spotlight Stock Market, Valor is providing Nordic investors with access to DogecoinA cryptocurrency which gained popularity after the US presidential election. New momentum, fueled by high-profile support and increased public interest, reflects DogecoinThe growing appeal. This initiative aligns with Valour’s strategy to expand access to a diverse range of digital assets, meeting the evolving preferences of investors in the region.
TORONTO, November 26, 2024 /PRNewswire/ – Challenge Technologies Inc. (the “Business” Or “Challenge Technologies“) (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance (“Challenge“), proudly announces that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“FTE“) offering simplified access to digital assets, listed the Valor Dogecoin (DOGE) ETPs in the Nordics on the Spotlight Stock Market. This marks the launch of the first Dogecoin (DOGE) ETPs in the region, providing investors with a simple and secure way to gain exposure to DOGE.
This launch provides investors with transparent access to Dogecoina prominent cryptocurrency known for its active community and widespread adoption. With a market capitalization of approximately $59.6 billion, Dogecoin ranks 7th among digital assets in the world.
The value Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320) is the latest addition to Valour’s growing portfolio of digital asset products. This ETP allows investors to gain exposure to Dogecoinperformance without the complexities of live cryptocurrency possession. With a competitive management fee of 1.9%, the ETP offers investors a simplified and secure way to participate in the cryptocurrency walk.
“Presentation of the first Dogecoin ETP in the Nordics represents an important milestone in our mission to democratize access to digital assets,” commented Elaine Buehlerproduct manager at Valour. “We are delighted to offer investors a regulated product that captures the essence of Dogecoindynamic presence on the market.
Dogecoin (DOGE) is an open source peer-to-peer software cryptocurrency introduced in 2013 as a humorous alternative to Bitcoin. Originally from a parody of cryptocurrency boom, Dogecoin features the iconic Shiba Inu dog from the viral “Doge” even as a logo. Despite its light beginnings, Dogecoin has become a widely recognized and used digital currency with a vibrant community and a strong presence in the cryptocurrency walk.
Dogecoin uses the Scrypt algorithm, enabling fast and inexpensive transactions. Its inflationary design, with no maximum supply, allows for regular issuance of coins, making it suitable for microtransactions and everyday use. Dogecoin is commonly used to tip content creators, charitable donations, crowdfunding initiatives, and payments to merchants like SpaceX and the Dallas Mavericks.
Driven by an active and loyal community, Dogecoin has maintained its relevance through continued development and widespread adoption. Its blend of accessibility, humor and usefulness continues to contribute to its role as an important and enduring player in the cryptocurrency ecosystem.
“In light of the recent results of the US presidential election and the subsequent increase in demand for Dogecointhe launch of Valor Dogecoin Spotlight Stock Market ETP aligns with our mission to provide investors with rapid access to in-demand digital assets,” said Johanna Bélitzhead of Nordic countries at Valour. “The growing popularity of Dogecoinsupported by influential figures like Elon Muskunderlines our commitment to offering innovative and diversified investment opportunities.
About Challenge Technologies
Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance (Challenge). With a focus on cutting-edge Web3 technologies, Challenge The technologies aim to provide investors with widespread access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Follow Challenge Technologies on Linkedin And Twitterand for more details visit https://challenge.technology/
About Valor
Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues exchange-traded products (“FTE”) which allow individual and institutional investors to access digital assets simply and securely via their traditional bank account. Valor is part of the asset management business of Challenge Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF).
In addition to their new digital asset platform backed by physical media, which includes 1Valour Bitcoin Carbon neutral physical ETP, 1Valor Ethereum Physical Staking and 1Valor Internet Computer Physical Staking, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (UNI), Cardano (ADA), Peas (POINT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valor Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valor Digital Asset Basket 10 (VDAB10) and 1Valor STOXX Bitcoin Swiss Digital Asset Blue Chip ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment product fully covered with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings. For more information about Valor, to subscribe, or to receive updates, visit value.com.
Caution regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the list of Value Dogecoin (DOGE) FTE the development of the DOGE token; investor confidence in Valor’s ETPs; investor interest and confidence in digital assets; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor exchange-traded products by exchanges; growth and development of decentralized finance and cryptocurrency sector; rules and regulations regarding decentralized finance and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be materially different from those contained in forward-looking information. those anticipated, estimated or planned. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS VERSION
SOURCE DeFi Technologies Inc.
YOU WANT NEWS ABOUT YOUR COMPANY FEATURED ON PRNEWSWIRE.COM?
440,000+
Press rooms and
Influencers
9k+
Digital media
Points of sale
270,000+
Journalists
Registration