Solana Launches on Brazil’s Major Exchange as Valour Expands Crypto Accessibility

Valour, a subsidiary of the publicly traded digital asset firm DeFi Technologies, has obtained approval to introduce a Solana exchange-traded product (ETP) in Brazil. This initiative offers local investors a regulated way to invest in one of the top cryptocurrencies by market capitalization, reflecting the increasing institutional interest in the region.

Key Takeaways

Valour has launched a Solana ETP called Valour Solana (VSOL) in Brazil, approved by the main stock exchange, B3 S.A.
VSOL will allow investors to gain exposure to Solana, a leading layer-1 blockchain network.
Brazil ranks fifth globally in cryptocurrency adoption, showing strong growth in various sectors of digital finance.
The rise of stablecoin payments has significantly contributed to Brazil's crypto landscape, aided by major exchanges like Mercado Bitcoin.

Valour’s Solana Exchange-Traded Product Launch

Valour's Entry into the Brazilian Market

Valour has announced the launch of its Solana ETP, named Valour Solana (VSOL), which is set to commence trading soon. This product has received the backing of Brazil’s primary stock exchange, B3 S.A., signaling a major step for regulated cryptocurrency investments in the country. The Solana ETP will be part of Valour’s expanding array of listed products, which already includes offerings for Bitcoin, Ether, XRP, and Sui.

VSOL will be priced in Brazilian reais and aims to mirror the performance of Solana, tapping into one of the most dynamic layer-1 blockchain networks within a traditional capital market framework. This move indicates Valour’s efforts to extend its reach beyond European markets, with Brazil identified as a crucial area for future growth.

Brazil’s Crypto Adoption Source: Valour Funds

Brazil's Growing Cryptocurrency Adoption

Brazil has emerged as a significant player in the cryptocurrency landscape, currently holding the fifth position globally for digital asset adoption according to a recent report by Chainalysis. It ranks behind India, the United States, Pakistan, and Vietnam, demonstrating considerable activity in areas such as retail usage of centralized services and decentralized finance, along with institutional access.

Growth in Brazilian Crypto Brazil has developed into a key center for digital assets, bolstered by substantial transaction volumes and wide accessibility for both retail and institutional investors. Source: Chainalysis

A significant factor driving this growth has been the proliferation of stablecoin payment systems. The central bank of Brazil has recognized the extensive use of stablecoins, especially for international transactions. This trend allowed local fintech company Crown to secure funding for a stablecoin denominated in Brazilian reais, aimed at attracting institutional investors interested in Brazil’s fixed-income market.

The presence of major cryptocurrency exchanges has further fueled this industry expansion. Mercado Bitcoin, one of Latin America's largest digital asset platforms, is now focusing on tokenizing real-world assets, positioning itself to cater to the growing demand from institutions for blockchain-based financial solutions.

Brazil Uses Bitcoin as Treasury Asset and What Other Nations Can Learn
Brazil Classifies Stablecoin Payments as Foreign Exchange Under New Rules

This comprehensive expansion of cryptocurrency access in Brazil marks an exciting development for both investors and the broader digital asset market.

Key Takeaways

Valour's Entry into the Brazilian Market

Brazil's Growing Cryptocurrency Adoption

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