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DeFi Technologies subsidiary launches physically-backed BTC stake ETP
According to Mars Finance, Valour Digital Securities Limited, a subsidiary of DeFi Technologies listed on NASDAQ, announced the launch of a physically-backed Bitcoin staking exchange-traded product "1 Valour Bitcoin Physical Staking" on the London Stock Exchange, providing investors with a unique exposure to Bitcoin staking yields. It is reported that the product is backed by physical Bitcoin at a 1:1 ratio.