Valour, a subsidiary of DeFi Technologies Inc., announced the launch of an ETP based on the Uniswap native token (UNI) on the Frankfurt Stock Exchange.
.@ValourGlobal, a Subsidiary of DeFi Technologies ( $DEFI, $DEFTF, $RMJR ) Launches World’s First #Uniswap Exchange Traded Product https://t.co/dpK4LSIaz6
— DeFi Technologies (@DeFi_NEO) October 26, 2021
“This is the first Uniswap-based ETP ever offered to investors on traditional stock exchanges,” said DeFi Technologies’ executive chairman Russell Starr.
Valour’s CEO Diana Biggs noted that Valour Uniswap will open investors’ access “to areas of innovation, in particular, decentralised finance”.
As of October 25, assets under management by Valour had surpassed $290 million, up 3,033% year to date.
According to DeFi Llama, the total value locked in Uniswap stands at $5.24 billion. The UNI token ranks 15th in market capitalization among crypto assets, at $14.4 billion, according to CoinGecko.
On October 26, Uniswap’s cumulative trading volume since launch surpassed $500 billion.
In October, Grayscale Investments added the UNI token and Solana to the Digital Large Cap Fund trust.
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