Valour(Acquired by DeFi Technologies)

What Valour(Acquired by DeFi Technologies) does

Valour is a Zug, Switzerland-based issuer of physically backed digital asset exchange traded products (ETPs), operating as a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI). Founded in 2019, the company issues over 100 ETPs that provide retail and institutional investors with regulated exposure to cryptocurrencies and blockchain-native assets such as Bitcoin, Ethereum, Solana, Hedera (HBAR), and Internet Computer (ICP), without requiring a dedicated crypto trading account. Valour's product suite spans single-asset ETPs (including zero-fee flagships Bitcoin Zero and Ethereum Zero), staking and yield-bearing ETPs (developed with Core Foundation, DFINITY, and The Hashgraph Association), diversified index products (Valour Digital Asset Basket 10; 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP), and leveraged/inverse vehicles.

Valour generates revenue primarily through management fees charged on assets under management (AUM), with a mix of zero-fee flagship products and standard-fee products priced competitively against rivals charging up to 2.5%. The company's go-to-market is a hybrid distribution model: ETPs are listed across 8 regulated European exchanges (Xetra, Euronext, SIX Swiss Exchange, Spotlight Stock Market, Börse Frankfurt, Lang & Schwarz, Gettex, and the London Stock Exchange), and distributed through 15+ retail and institutional brokerages spanning the DACH region (Comdirect, ING, Scalable Capital, Degiro, justTRADE), Nordics (Avanza, Nordnet, Handelsbanken), and global platforms (Interactive Brokers, Swissquote). Valour also runs an enterprise services line offering financial institutions a white-label launchpad for branded digital asset ETPs, with recent geographic expansion into the UK (post FCA approval) and Brazil (B3 Exchange).

Name

Valour(Acquired by DeFi Technologies)

Legal name

Valour Inc.

Website

https://valour.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Valour is a Switzerland-based digital asset ETP issuer, wholly owned by DeFi Technologies, offering over 100 physically backed exchange-traded products that enable retail and institutional investors across Europe to access cryptocurrencies and blockchain-native assets via regulated brokerages and stock exchanges.

Ownership category

akta.pro rank

Product category

Digital Asset Exchange-Traded Products (ETPs)

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Asset-Backed Securities (6189)

akta.pro primary industry

Index-Tracking Funds, ETPs & Structured Index Products (Crypto) (FSADAHAC)

akta.pro secondary industries

Fund/Index-Linked Notes (ETF/Mutual Fund/Custom Index) (FSACAMAH), Leveraged Tokens & Synthetic Leveraged ETPs (Crypto) (FSADAGAF), Leveraged & Inverse ETFs (FSAAAFAK)

Keywords

• Digital asset ETPs
• Cryptocurrency exchange products
• Regulated crypto investments
• Physically backed ETPs
• Crypto asset management

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees: Valour charges management fees on its ETPs. Some products like Bitcoin Zero and Ethereum Zero are fee-free (0%), while other products charge competitive management fees (competitors charge up to 2.5%). Revenue is based on Assets Under Management (AUM).

Pricing tiers

Go-to-market motion3 records

Distribution channels12 records

Marketing channels7 records

Core offering

Valour issues regulated, physically backed digital asset exchange-traded products (ETPs) that allow investors to gain exposure to cryptocurrencies and blockchain tokens through traditional brokerage and bank accounts, without needing a dedicated crypto trading account. The portfolio includes over 100 ETPs across single-asset (Bitcoin, Ethereum, Solana, etc.), diversified index (Digital Asset Basket 10, 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip), staking-enabled yield-bearing, leveraged/inverse, and thematic categories, listed on 8 European exchanges. Valour also operates an Enterprise Services line offering financial institutions a plug-and-play white-label platform to issue their own branded digital asset ETPs.

Product overview

Valour is a digital asset exchange-traded product (ETP) issuer that provides over 100 regulated ETPs enabling investors to access Bitcoin, Ethereum, and other digital assets through traditional brokerages and exchanges. The product portfolio includes single-asset ETPs (such as Valour Bitcoin Zero, Valour Ethereum Zero - both fee-free, and various staking-enabled yield-bearing products), diversified index ETPs (including the Valour Digital Asset Basket 10 tracking the top 10 crypto assets, and the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip), leveraged and inverse ETPs (constant leveraged BTC/ETH and short spot Bitcoin), and specialized yield-bearing products developed in collaboration with partners like Core Foundation. Valour's ETPs are physically backed and listed on major European exchanges including Xetra, Euronext, SIX Swiss Exchange, Spotlight Stock Market, Börse Frankfurt, London Stock Exchange, and others, with distribution through brokerages across the Nordics, Germany, and broader Europe. The company also offers enterprise services enabling financial institutions to launch branded digital asset ETPs.

Differentiator

Problem solved

Functional benefit

Products and services

• Valour Bitcoin Zero Exchange-traded product that precisely tracks the price of Bitcoin (BTC) without charging management fees, making investment in the world's best-known digital asset accessible through standard brokerage accounts. Targeted at retail investors seeking the lowest-cost regulated Bitcoin exposure.
• Valour Ethereum Zero Exchange-traded product that precisely tracks the price of Ethereum (ETH) without charging management fees, providing low-cost regulated exposure to the second-largest digital asset through standard brokerage accounts.
• 1Valour Bitcoin Physical Staking Bitcoin ETP that provides exposure to BTC while earning a yield (1.40% on the London Stock Exchange listing) through staking, without the need to sell or trade Bitcoin directly. Allows investors to combine price appreciation with passive staking rewards.
• Valour Ethereum Physical Staking Ethereum ETP that tracks ETH price while allowing investors to collect staking rewards passively, simplifying staking innovation for traditional investors who lack the technical infrastructure to stake ETH directly.
• Valour Internet Computer Physical Staking ETP tracking the price of ICP, the native token of the Internet Computer ecosystem, with staking yield incorporated. Developed in collaboration with the DFINITY Foundation.
• Yield Bearing Bitcoin ETP (1VBS) World's first physical yield-bearing Bitcoin ETP offering investors exposure to Bitcoin with a yield (initial fixed yield of 1.40% in Germany, later increased to 5.65%) generated through Core Foundation staking. Combines BTC price exposure with native staking rewards in a single regulated product.
• Bitcoin Carbon Neutral ETP First physically backed Bitcoin Carbon Neutral ETP, providing Bitcoin price exposure while offsetting the carbon footprint of the underlying Bitcoin held, listed on Xetra in Germany.
• HBAR and ICP Staking ETPs HBAR (Hedera) and ICP (Internet Computer) staking ETPs listed on the SIX Swiss Exchange, expanding Valour's Swiss market presence with yield-bearing digital asset exposure.
• 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP Tracks the performance of top eligible blue chip digital assets, providing diversified investment in the leading digital assets through a regulated ETP structure developed in collaboration with Bitcoin Suisse and index provider STOXX.
• Valour Digital Asset Basket 10 (VDAB10) ETP tracking the performance of the top 10 largest crypto assets based on market capitalization, with a 30% cap on any single constituent, providing diversified exposure to the digital asset market through a single instrument on the Nordic Growth Market.
• Valour Solana ETP Exchange-traded product tracking the price of SOL, the native cryptocurrency of the Solana ecosystem, known for fast transaction speeds and low fees, listed on Spotlight Stock Market.
• Valour Dogecoin ETP Exchange-traded product tracking the price of DOGE, the native cryptocurrency of the Dogecoin network, known for fast transaction speeds and low fees, available on Börse Frankfurt and Spotlight Stock Market.
• Valour Hedera (HBAR) ETP Exchange-traded product tracking the price of HBAR, the native token of the Hedera network, known for high performance, low latency, and robust security. Launched with The Hashgraph Association and later expanded to Euronext.
• Valour Render ETP Exchange-traded product tracking RENDER, the native cryptocurrency of the Render Network that decentralizes GPU-based rendering using blockchain technology, listed on Börse Frankfurt.
• Valour Sui ETP Exchange-traded product tracking SUI, the native token of the Sui blockchain designed for security, scalability, and high performance, listed on Börse Frankfurt.
• Sky (SKY) ETP Exchange-traded product for the Sky protocol (SKY) token, marking Valour's 100th listed ETP milestone on Spotlight Stock Market.
• Constant Leveraged Bitcoin and Ethereum ETPs Constant leveraged Bitcoin and Ethereum ETPs offering amplified exposure to underlying BTC and ETH price movements, listed on Spotlight Stock Market for investors seeking magnified crypto returns.
• Short Spot Bitcoin ETP First Short Spot Bitcoin ETP in the Nordics, offering inverse exposure to Bitcoin price movements for investors seeking to profit from or hedge against BTC declines.
• Valour SEBA Metaverse Index ETP Thematic index product tracking metaverse-related digital assets, launched in collaboration with SEBA Bank under the joint SEBA VALOUR Metaverse Index (ISIN DE000SL0F989).
• Valour Enterprise Services Customized end-to-end white-label service offering financial institutions a plug-and-play launchpad for their own branded digital asset ETPs. Covers product structuring, regulatory filings, custody arrangements, and ongoing administration, enabling banks and brokerages to launch branded digital asset products without building in-house infrastructure.

Quantifiable outcome

• Zero management fees for Bitcoin Zero and Ethereum Zero products, compared to competitors charging up to 2.5%
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and strategic.

• Core FoundationcoreStrategic or Co-development Partner · 17 April 2024Strategic collaboration to launch innovative Bitcoin ETPs. First to launch world's first and only yield-bearing Bitcoin (BTC) ETP offering 5.65% yield through Core Foundation staking. Also launched world's first Physical Yield Bearing Bitcoin (1VBS) ETP with initial fixed yield of 1.40%.
• Bitcoin Suisse AGcoreStrategic or Co-development Partner · 18 March 2024Groundbreaking collaboration on physical backed digital asset exchange traded products. Joint launch of 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP tracking top blue chip digital assets.
• STOXXcoreStrategic or Co-development Partner · 18 March 2024Partnership with STOXX for 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP - diversified investment in top blue chip digital assets.
• The Hashgraph Association (THA)coreStrategic or Co-development Partner · 22 January 2024Collaboration to launch Valour HBAR Staking ETP. The Hashgraph Association (THA) supports access to Hedera HBAR ETP with Euronext listing expansion.
• DFINITY FoundationcoreStrategic or Co-development Partner · 29 November 2023Collaboration to launch physical backed ETP for Internet Computer Protocol (ICP) token. First Internet Computer Physical Staking ETP.
• Comdirect and OnvistacoreChannel Partner/ Reseller/ Distributor · 18 August 2022Major German banks where Valour crypto products and ETPs are available to retail clients.
• justTRADEcoreChannel Partner/ Reseller/ Distributor · 16 August 2022German online brokerage partnership to introduce Valour crypto products and ETPs to retail and institutional clients. First partner in DACH region. Valour products available through justTRADE's savings plan program (Sparplan).
• Lang & SchwarzcoreChannel Partner/ Reseller/ Distributor · 25 July 2022Listing of Valour ETPs on LS Exchange, a well-used platform supporting distribution power and commercial possibilities in German market.
• SEBA BankstrategicStrategic or Co-development Partner · 1 January 2022Preferred partnership agreement with SEBA Bank, a leading globally active private Swiss crypto bank holding FINMA license. Investment in SEBA Bank's Series C raise. Joint SEBA VALOUR Metaverse Index (ISIN DE000SL0F989).

Scale indicators8 records

Recent moves1 record

Expansion highlights7 records

Direct peers

• 21Shares: The largest European crypto ETP issuer and Valour's most direct competitor. 21Shares offers a similarly broad suite of physically-backed single-asset and basket crypto ETPs across European exchanges; Valour has hired multiple senior staff away from 21Shares, underscoring product and go-to-market overlap.
• CoinShares: Europe-based crypto ETP and index fund manager offering physically-backed Bitcoin and Ethereum ETPs (and other products) on European exchanges. Direct competitor with overlapping product set and institutional distribution channels.
• ETC Group: Issuer of physically-backed single-asset crypto ETPs (e.g., ZETC, ZETH) listed primarily on European exchanges. Closely comparable to Valour's flagship single-asset and zero-fee product strategy.
• Hashdex: Issuer of diversified crypto index ETPs (e.g., Nasdaq Crypto Index ETP) listed in Europe and the U.S. Comparable because of the index/basket product overlap with Valour's Digital Asset Basket 10 and STOXX Blue Chip offerings.

Broad incumbents

• WisdomTree: Global asset manager with a broad ETF lineup that includes physically-backed crypto ETPs in Europe. Comparable because it competes in the same European ETP listings but with a much wider product portfolio beyond crypto.
• VanEck: Global ETF issuer with a dedicated crypto product suite including Bitcoin and Ethereum ETPs in Europe and the U.S. Comparable distribution and product overlap but operates across many asset classes beyond digital assets.
• Invesco: Global asset manager offering physically-backed crypto ETPs in Europe. Competes with Valour on European exchange listings but within a much broader multi-asset ETF franchise.
• Grayscale Investments: Largest crypto-focused investment product manager (GBTC, ETHE, etc.), now expanding into European ETPs. Comparable on product economics (AUM-based fees) but operates a much larger, U.S.-anchored franchise.

Others

• SEBA Bank (now AMINA Bank): Swiss FINMA-licensed crypto bank and prior Valour strategic partner (SEBA VALOUR Metaverse Index). Comparable as a regulated crypto finance partner ecosystem participant but focused on banking and custody rather than ETP issuance.
• Bitcoin Suisse: Swiss crypto financial services firm that co-developed the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. Comparable as an ecosystem partner and institutional crypto services provider adjacent to ETP issuance.

Market position

Strengths4 records

Weaknesses5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ValourGlobal
• LinkedInlinkedin.com/company/1valour

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Valour(Acquired by DeFi Technologies)