Industry Updates

Valour to launch world’s first uniswap ETP

Tracking the native token of the decentralised exchange

Theo Andrew

diagram, schematic

Swiss digital asset issuer Valour is set to launch the world’s first exchange-traded product (ETP) tracking the token of the decentralised exchange Uniswap.

Physically backed, the Valour Uniswap ETP will list on the Boerse Frankfurt later this week offering investors exposure to the underlying asset of the ETP, UNI, with a total expense ratio (TER) of 1.9%. 

UNI is the native token of the decentralised exchange, Uniswap, and is designed to make it easy to exchange ethereum tokens, known as ERC-20, by acting as a liquidity provider for the tokens.

Built on the ethereum blockchain, the platform has roughly $4.8bn in total liquidity while the token has a market cap of $16.8bn.

Launched in 2018, the uniswap protocol has facilitated over $500bn in total trading volume.

Diana Biggs, CEO of Valour, said: “The future of financial services is being built on emerging protocols such as uniswap which to date has not been accessible via traditional stock exchanges.

“The ETP will do just that. We are extremely bullish on decentralised finance and are working hard to bring more products such as this to market, making this important ecosystem of innovation available via mainstream investment channels.”

Last month, Valour expanded its ETP range with the launch of the Valour Solana SEK ETP listing on the Nordic Growth Market stock exchange with a TER of 1.9%.

It follows the launch of the first-ever solana ETP by 21Shares in June which is listed on the SIX Swiss Exchange and Stuttgart and Dusseldorf multilateral trading facilities.

In May, Valour followed its rivals by launching the Valour Cardano SEK ETP and the Valour Polkadot SEK ETP.

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