Valour Receives B3 Approval for New Solana ETP in Brazil

Valour has secured approval to list its Solana Exchange Traded Product (ETP) on Brazil’s B3 stock exchange, further expanding its line of digital asset offerings in the country, which already includes Bitcoin, Ethereum, XRP, and Sui products. This move targets high-growth emerging markets.

Key Takeaways

Valour receives approval from B3 for a new Solana ETP.
This is the fifth digital asset ETP the company has launched in Brazil.
Valour operates nearly 100 digital asset ETPs globally, including in Europe.
Brazil is essential for Valour's expansion strategy, marking its first major market outside Europe.
The Brazilian crypto market is the largest in Latin America, with substantial transaction volumes.

Valour launches Solana ETP on Brazil’s B3 exchange

Valour's Growth Strategy

Valour, a subsidiary of Nasdaq-listed DeFi Technologies, has announced its new Solana ETP, which represents an expansion of its offerings in Brazil. Currently, the company already provides a range of ETPs that includes Bitcoin, Ethereum, XRP, and Sui products. The introduction of Solana makes it the fifth digital asset ETP in Valour's Brazilian portfolio.

With nearly 100 digital asset ETPs listed in Europe and on various global exchanges—such as the Spotlight Stock Market in Sweden, Börse FN in Germany, SIX in Switzerland, the London Stock Exchange, and Euronext in Paris and Amsterdam—Valour is poised for growth. The firm’s product lineup covers a wide array of sectors, including layer-1 and layer-2 networks, modular infrastructure, gaming ecosystems, and governance tokens.

Brazil as a Strategic Market

Brazil stands out as Valour's first significant market outside of Europe. The company has recognized Latin America, Africa, the Middle East, and Asia as key areas for its expansion efforts. B3, the Brazilian stock exchange, supports equities, ETFs, and products related to digital assets.

With a population of over 213 million people, Brazil is home to the largest financial market in Latin America. The nation boasts the largest crypto economy in the region, with hundreds of billions of dollars in crypto assets traded annually, as indicated by industry data.

The newly launched Solana ETP will leverage B3’s market infrastructure to provide investors with regulated access to the Solana blockchain. This product will enhance Valour’s existing offerings of Bitcoin, Ethereum, XRP, and Sui ETPs in Brazil.

Increasing interest from both retail and institutional investors in Brazil's digital asset market has driven Valour's expansion. The recent approval allows the company to facilitate exposure to various blockchain protocols through regulated exchange-traded products on the B3 platform, catering to the growing demand within the crypto market.