DeFi Technologies' Valour Partners with AsiaNext and SovFi to Enhance Crypto ETPs in APAC
In a significant move aimed at expanding its footprint in the Asia-Pacific region, DeFi Technologies' subsidiary, Valour Inc., has recently entered into a Memorandum of Understanding (MOU) with two key players, AsiaNext and SovFi. This partnership focuses on enhancing the availability of Valour's digital asset exchange-traded products (ETPs) in Singapore, where the demand for regulated digital asset investment is rapidly increasing.
Strategic Initiative for ETP Expansion
The collaboration allows Valour to leverage AsiaNext’s licensed securities exchange infrastructure to list and promote its digital asset ETPs. Currently, Valour oversees a portfolio of 28 offerings and plans to introduce 20 additional ETPs in the upcoming weeks. This strategic expansion aligns with Valour's goal of capturing new market opportunities in regions like the Middle East and Africa, which are seeing swift adoption of digital asset products.
The partnership with AsiaNext, a joint venture that merges the expertise of Japan’s SBI Digital Asset Holdings and Switzerland’s SIX Group, will also enable Valour to tap into SovFi's liquidity solutions and market penetration strategies. SovFi specializes in facilitating capital raises and is expected to assist in launching novel investment products such as Bitcoin staking and crypto index-based ETPs, initially unavailable in Southeast Asia.
Market Demand and Future Prospects
The burgeoning appetite for regulated digital asset investments signifies a pivotal moment for entities like Valour, particularly as they strategize on international expansion. Olivier Roussy Newton, CEO of DeFi Technologies, commented on the importance of this collaboration, stating that it represents a landmark advancement in Valour's efforts to provide secure investment opportunities tailored to institutional investors.
Singapore has emerged as a global hub for blockchain and digital assets due to its robust regulatory framework and advanced infrastructure, attracting significant players in the market such as Coinbase and Circle. The partnerships aim to position Valour to meet the escalating demand for compliant and innovative digital assets while enhancing AsiaNext's standing as a leading multi-asset exchange.
Bridging Asia and Europe
AsiaNext offers a platform for trading, clearing, and settling a wide variety of securities beyond just cryptocurrencies. Its regulated operations under the Monetary Authority of Singapore facilitate secure access for institutional investors to a broad array of digital assets. This MOU not only enhances AsiaNext’s product range but also solidifies its position as a key player in bridging markets across Asia and Europe.
Kok Kee Chong, AsiaNext’s CEO, expressed enthusiasm about the partnership, highlighting that it aligns perfectly with their commitment to offering institutions reliable access to the digital asset ecosystem. By harnessing Valour's proficiency in ETPs and AsiaNext’s trading capabilities, this venture seeks to broaden the offerings available to investors.
Conclusion
As Valour’s partnerships continue to unfold, the company is strategically positioned to seize growing opportunities in digital asset investment across APAC. By leveraging regional partnerships and innovative financial instruments, Valour is setting the stage to lead in an evolving market where institutional participation is expected to soar. The convergence of capital markets with decentralized finance marks an exciting development in the financial landscape, promising a future where investor needs can be comprehensively addressed through enhanced product offerings in the digital age.