Polkadot Exchange-Traded Product Debuts in Sweden
The financial industry has made significant progress when it comes to integrating crypto assets. Just recently, a new exchange-traded product (ETP) belonging to Polkadot (DOT) debuted on the Swedish stock exchange market.
As we speak, the Nordic Growth Market serves as a platform for trading DOT ETP, which has been dubbed the Valour Polkadot (DOT) SEK.
The ETP, which was launched on the exchange on Monday, can be credited to Valour. Valor, which is a subsidiary firm of DeFi Technologies, deals in the production of digital asset-based ETPs.
When making the public announcement, Diana Biggs, who is the CEO of Valour, stated that Polkadot was thrilled about the forthcoming launch.
She explained that one of the reasons for launching Valour DOT SEK was to offer a solution to the rising demand for retail and institutional investors.
Further, she said that taking this move would foster the company’s blockchain protocols through the ETPs.
The Nordic Growth Market, usually abbreviated as NGM, is an equities market responsible for regulatory approval. Though it’s headquartered in Sweden, it serves clients from several countries.
Throughout the years, renowned entities have used conventional methods to try and increase the exposure of cryptocurrencies. Examples of these methods include:
- Grayscale’s crypto-based products
- Chicago Mercantile Exchange’s (CME) Bitcoin
- Ethereum futures
- Canadian Bitcoin exchange-traded funds
Investors interested in trading the DOT ETP- which is supported by DOT crypto asset- will be able to employ conventional stock market measures to do so.
Wondering how you’ll be able to buy and sell the ETP? Well, the process was explained in a statement released by the company.
Essentially, for every exchange-traded product of the firm, which is traded on the stock exchange, Valour would provide full backing by either buying or selling an equal amount of the digital asset in question.