By
Godfrey Benjamin
April 20th, 2024
Valour says that it has enlisted a climate action infrastructure provider to offer exposure to its new carbon neutral Bitcoin ETP.
According to reports, DeFi Technologies subsidiary Valour plans to debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP). The new ETP is available on the Frankfurt Stock Exchange, and begins today September 23rd.
Commenting on the new Valour Bitcoin ETP, the company’s chief executive officer Russell Starr said:
“Valour strives to ensure that its offerings promote sustainable practices and contribute to efforts to build a carbon neutral crypto industry.”
“As a proud signatory on the Crypto Climate Accord, Valour takes its ESG obligations seriously. We want to give retail and institutional investors, alike, the tools to partake in the exciting digital asset ecosystem and we are very proud to offer our first carbon neutral product,” stated Starr.
Valour Enlists Expertise of Patch for Its Bitcoin Carbon Neutral ETP
In order to position its ETP as a “sustainable and climate-friendly” exposure to Bitcoin, Valour is partnering with Patch, a platform that provides infrastructure geared towards climate action. In the past, Patch has worked with some notable institutional investors, including private American venture capital firm Andreessen Horowitz. With regard to Patch’s involvement, an announcement from Valour reads:
“All carbon emissions linked to the investment will be automatically targeted to achieve carbon neutral output using Patch’s API-based solution, which takes into account various inputs, such as the efficiency of mining equipment, distribution of hash power, and nation level carbon emission data, to estimate the amount of carbon emissions the Valour portfolio has.”
Furthermore, Patch will be responsible for selecting the projects based on their environmental integrity. Some of the criteria to be applied include additionality, negativity, as well as real and verifiable permanence.
Valour’s Bitcoin Carbon Neutral ETP becomes the 11th ETP offered by the company, and will attract a management fee of 1.49%. Furthermore, by funding the certified neutralization of carbon footprint, Valour also steepens its alignment with global environmental goals and Environmental, Social, and Corporate Governance (ESG).
Other existing ETPs offered by Valour include Valour Binance (BNB), Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), and Solana (SOL). The extensive ETP suite also includes Avalanche (AVAX), Cosmos (ATOM), and Enjin (ENJ).
Valour
Founded in 2019, Valour offers fully hedged digital asset ETPs with zero to low management fees, and product listings across four European exchanges. In addition, the technology company is the first and only publicly traded company to bridge the gap between traditional capital markets and decentralized finance. Valour enjoys the backing and support of an acclaimed team with decades of experience in financial markets and digital assets. At the core of the company’s mission is a need to provide more investor access to trailblazing Web3 and decentralized technologies.
In March this year, Valour announced that it had $274 million in assets under management (AUM). At the time, Starr enthused about the company’s growth trajectory and expressed a lot of excitement.