The cryptocurrency sector has grown by leaps and bounds in the past several years and in recent years, the decentralised finance space has emerged as an important new niche in the sector.
If you are currently looking into stocks in this sector, then it might be difficult to look past the DeFi Technologies Inc (OTCMKTS:DEFTF) stock, which has managed to clock gains of as much as 42% over the course of the past month alone. This morning the company is in the news again after it announced the launch of Valour Solana ETP (exchange traded product) on the Nordic Growth Market (NGM) exchange.
It is a major new development for the company and one that could bring the DeFi stock into further focus among investors who are looking for innovative companies in the cryptocurrency industry. The Valour Solana ETP is going to help investors and traders in getting exposure to the SOL token in a tradition manner.
They can do so through a bank transfer or through their brokerages. An individual would not need to have an account on any crypto exchange to be invested in the SOL token and that is an important development.