Valour Inc. has introduced its first physically supported digital asset offering called 1Valour Bitcoin Physical Carbon Neutral ETP. The product will be launched through Valour’s secure digital asset platform, Valour Digital Securities Limited (VDSL).
According to the company’s press release, the 1Valour Bitcoin Physical Carbon Neutral ETP provides investors with an opportunity to gain sustainable and eco-friendly exposure to Bitcoin. The ETP offers a reliable and trusted investment avenue with a management fee of 1.49%.
The ETP is backed by the corresponding digital assets held by the company’s regulated custody provider, VDSL, to ensure their security. VDSL is based in Jersey, an island country and self-governing British Crown Dependency near France. The securities issuer has successfully obtained regulatory approvals from Swedish and Jersey regulators, enabling it to offer the product to investors across the European Union.
The company also stated that the ETP supports environmental objectives and aligns with environmental, social, and governance (ESG) goals by financing certified initiatives for carbon removal and offset, effectively neutralizing the carbon footprint associated with the Bitcoin assets.
Olivier Roussy Newton, the CEO of Valour, emphasized the company’s commitment to supporting the development of a carbon-neutral crypto industry and providing retail and institutional investors with the necessary resources to engage in the dynamic digital asset ecosystem.
Rousy added that, as a proud signatory of the Crypto Climate Accord, Valour takes its ESG responsibilities seriously and takes great pride in launching its first carbon-neutral product on its newly established, physically backed platform, reflecting its dedication to responsible practices.
Valour partnered with Patch, a renowned provider of climate action infrastructure, to establish the ETP. Patch’s API-driven solution will effectively offset all carbon emissions associated with the investment in the 1Valour Bitcoin Physical Carbon Neutral ETP. This solution will consider factors such as mining equipment efficiency, hash power distribution, and national-level carbon emission data to determine the carbon emissions attributed to the VDSL portfolio.
Valour expects the launch of its first asset-backed product will be followed by more new product launches and contribute to substantial growth in its assets under management (AUM).
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