Cryptocurrency ETP issuer Valour completes $2.16 million private funding round

ChainCatcher news, decentralized finance investment company DeFi Technologies announced that its wholly-owned subsidiary Valour has completed a private placement financing of 3 million CAD (approximately 2.16 million USD) through unsecured convertible notes. It is reported that the related financing notes issued will bear interest at an annual rate of 8% and will mature on October 31, 2025.

Valour currently offers a variety of cryptocurrency exchange-traded products (ETPs), including Valour Polkadot (DOT) EUR, Valour Cardano (ADA) EUR, Valor Uniswap (UNI), Cardano (ADA), Polkadot (DOT), and Solana (SOL) ETPs, as well as Valour's flagship Bitcoin Zero and Valor Ethereum Zero products.