Latest news with #ETPs
Cision Canada
29-05-2025
- Business
- Cision Canada
DeFi Technologies and Misyon Agree to Launch Innovative Digital Asset Investment Products in Turkiye
Strategic Expansion into Turkiye: DeFi Technologies enters collaboration with Misyon Bank and Misyon Kripto to work to introduce ETPs, offering Turkish investors alternative access to digital assets like Bitcoin and Ethereum. Tapping a High-Growth Market: Turkiye ranks among the top countries in crypto adoption, driven by inflation, currency volatility, and a digitally native population, with over 50% of investor population holding digital assets. Global Growth Momentum: The partnership aligns with DeFi Technologies' broader strategy to expand across the Middle East, Asia, and Africa through key institutional partnerships and localized product offerings. TORONTO, May 29, 2025 /CNW/ - (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), and its subsidiary Valour Inc. (" Valour"), a leading issuer of exchange traded products (" ETPs") that provide simplified access to digital assets, is pleased to announce its strategic collaboration with Misyon Bank and its crypto trading subsidiary Misyon Kripto prepare for introducing a series of innovative digital investment products to Turkish investors. This collaboration brings together DeFi Technologies' global leadership in digital asset financial products with Misyon's regulatory strength and local market expertise in Turkiye. Through its wholly owned subsidiary Valour, which issues ETPs on major European exchanges, DeFi Technologies will offer Turkish investors institutional-grade exposure to leading digital assets. ETP products are similar to traditional equities and debt instruments traded on exchanges, simplifying investment processes through Valour's exchange-traded format and reducing common barriers for investors who may find direct cryptocurrency investing complex. These ETPs provide safe, simple, and regulated access to digital assets through familiar investment channels. This model reduces the technical and custodial complexity typically associated with direct cryptocurrency investment, particularly for retail and institutional investors new to the asset class. "We are thrilled to collaborate with Misyon Bank to work to introduce these innovative financial products to the Turkish market," said Olivier Roussy Newton, CEO of DeFi Technologies. "Our collaboration will be an important step towards broadening investment options for Turkish investors and enhancing the attractiveness and diversity of Turkiye's capital markets." Dr. Önder Halisdemir, CEO of Misyon Bank commented on the partnership, "This collaboration with DeFi Technologies is a key step toward offering Turkish investors regulated and secure access to digital assets. It reflects our vision to bridge traditional finance and crypto under trust and compliance—aligned with Turkiye's evolving financial landscape." Both companies will work closely with local regulators and utilize existing regulatory frameworks to ensure all activities are fully compliant with Turkish financial regulations. While Misyon and DeFi Technologies aim to facilitate the availability of these ETPs widely within Turkiye, any listing on local exchanges or distribution in local markets remains subject to approval by Turkish financial regulatory authorities. Turkiye's Rapidly Growing Digital Asset Market The digital asset market in Turkiye has seen rapid growth in recent years, driven by rising inflation, currency volatility, and a digitally native population seeking alternative stores of value and investment opportunities. Turkiye now ranks among the top countries globally in cryptocurrency adoption, with increasing interest from both retail and institutional investors in regulated products that offer more transparency and security. As of 2024, more than half of the Turkish investor population holds some form of cryptocurrency—one of the highest adoption rates worldwide. The Turkish Lira consistently ranks among the top five fiat currencies by crypto trading volume globally, frequently surpassing $10 billion in monthly trading activity. This remarkable growth reflects both local economic dynamics and the population's appetite for financial innovation. Turkiye's large, young, and tech-savvy demographic—combined with a well-developed banking infrastructure and increasing regulatory clarity—makes it one of the most promising markets for digital asset investment products. The country also acts as a strategic bridge between Europe, the Middle East, and Asia, positioning it as a natural hub for regional digital finance innovation. With its unique combination of high demand, regulatory momentum, and growing institutional engagement, Turkiye presents an exceptional opportunity for companies like DeFi Technologies and Valour to scale access to regulated digital asset products and contribute to the modernization of capital markets in the region. DeFi Technologies and Misyon Group will work closely with Turkish regulators to ensure full compliance with financial laws and frameworks. While both companies intend to make these products widely accessible, any listing on local exchanges is subject to regulatory approval. Strategic Global Expansion This strategic partnership initiation represents a significant advancement in Turkiye's capital markets, reflecting growing global interest in transparent, regulated digital asset investment solutions. This partnership also forms part of DeFi Technologies' broader international expansion strategy. In addition to Turkiye, the Company is actively developing strategic partnerships across the Middle East, Asia, and Africa—markets with strong demand for innovative, compliant financial infrastructure. These efforts align with DeFi Technologies' long-term vision to build a global platform for digital asset access and investment. About Misyon Misyon includes Misyon Bank and Misyon Kripto, pioneering institutions in Turkiye, offering innovative banking and regulated digital asset investment solutions, dedicated to expanding accessible financial opportunities in line with Turkiye's regulatory landscape. For more information please visit About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About Valour Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman Digital Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity Research Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AG Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the collaboration with Misyon Bank; listing of digital asset ETPs in Turkiye; ; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of DeFi Technologies, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of ETPs by exchanges and regulatory authority; change in valuation of digital assets held by the Company; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Yahoo
28-04-2025
- Business
- Yahoo
Grayscale Seeks SEC Approval for Ethereum Staking
Grayscale Investments, which manages the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH), has formally approached the Securities and Exchange Commission to allow Ethereum staking capabilities in its exchange-traded products, according to documents submitted to the regulator in April. The asset manager, whose ETHE and ETH represent nearly 50% of all Ethereum assets in U.S. ETPs, argues that current restrictions put American investors at a disadvantage compared to international markets where staking is permitted. Staking is a function of the Ethereum protocol that allows holders to participate in validating transactions on the network. In its presentation to the SEC's Crypto Task Force, Grayscale outlined how U.S. Ethereum ETPs have foregone approximately $61 million in potential staking rewards since their launch through February 2025. If the prohibition continues, Grayscale projects ETPs could miss out on $5.5 billion in staking benefits over the next decade when factoring in daily compounding. At the heart of Grayscale's proposal is addressing a key technical challenge: the time mismatch between ETF redemptions and Ethereum's unstaking process. While ETF share redemptions typically settle in one business day, unstaking Ethereum can take approximately 10 days under normal conditions. This creates a potential liquidity hurdle for ETPs that want to both maximize staking rewards and maintain sufficient assets for redemptions. "ETH does not leave the Trust's wallet at the Custodian during this process; however, staked ETH is not transferable until it becomes unstaked," Grayscale explains in its presentation. To solve this, Grayscale proposes maintaining a "Liquidity Sleeve" of unstaked Ethereum to handle redemptions, along with potential short-term financing arrangements with custodians and liquidity providers. The company also suggests a revolving credit facility as a backstop for extreme scenarios. Data analysis presented by Grayscale indicates that ETH ETP redemptions have generally been moderate, with the largest funds experiencing a maximum 10-day drawdown of 6.7% and an average redemption size under 3% of fund assets. The company notes that European ETPs that offer staking have demonstrated "their ability to stake and efficiently track NAV, with tight spreads and a functional creation-redemption arbitrage mechanism," suggesting the model can work effectively in regulated products. NYSE Arca has already submitted an amended Form 19b-4 application requesting the rule change that would permit staking in Grayscale's Ethereum | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Grayscale Seeks SEC Approval for Ethereum Staking
Grayscale Investments, which manages the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH), has formally approached the Securities and Exchange Commission to allow Ethereum staking capabilities in its exchange-traded products, according to documents submitted to the regulator in April. The asset manager, whose ETHE and ETH represent nearly 50% of all Ethereum assets in U.S. ETPs, argues that current restrictions put American investors at a disadvantage compared to international markets where staking is permitted. Staking is a function of the Ethereum protocol that allows holders to participate in validating transactions on the network. In its presentation to the SEC's Crypto Task Force, Grayscale outlined how U.S. Ethereum ETPs have foregone approximately $61 million in potential staking rewards since their launch through February 2025. If the prohibition continues, Grayscale projects ETPs could miss out on $5.5 billion in staking benefits over the next decade when factoring in daily compounding. At the heart of Grayscale's proposal is addressing a key technical challenge: the time mismatch between ETF redemptions and Ethereum's unstaking process. While ETF share redemptions typically settle in one business day, unstaking Ethereum can take approximately 10 days under normal conditions. This creates a potential liquidity hurdle for ETPs that want to both maximize staking rewards and maintain sufficient assets for redemptions. "ETH does not leave the Trust's wallet at the Custodian during this process; however, staked ETH is not transferable until it becomes unstaked," Grayscale explains in its presentation. To solve this, Grayscale proposes maintaining a "Liquidity Sleeve" of unstaked Ethereum to handle redemptions, along with potential short-term financing arrangements with custodians and liquidity providers. The company also suggests a revolving credit facility as a backstop for extreme scenarios. Data analysis presented by Grayscale indicates that ETH ETP redemptions have generally been moderate, with the largest funds experiencing a maximum 10-day drawdown of 6.7% and an average redemption size under 3% of fund assets. The company notes that European ETPs that offer staking have demonstrated "their ability to stake and efficiently track NAV, with tight spreads and a functional creation-redemption arbitrage mechanism," suggesting the model can work effectively in regulated products. NYSE Arca has already submitted an amended Form 19b-4 application requesting the rule change that would permit staking in Grayscale's Ethereum | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Institutional investors and the future of digital asset ETFs
The rise of digital asset exchange-traded funds (ETFs) has been reshaping the investment landscape, offering institutional investors a new way to gain exposure to cryptocurrencies while mitigating the complexities of direct ownership. Steve Berryman, chief business officer of Bitwise Onchain Solutions, is at the forefront of this transformation. With a deep background in financial technology and blockchain infrastructure, Berryman shares his insights on the role of digital asset ETFs in institutional portfolios, the risks and opportunities of staking, and the future of crypto-based financial instruments. Berryman's path into the digital asset space was not a conventional one. After spending years developing risk management systems for tier-one banks, he found himself intrigued by blockchain technology in 2015. A pivotal encounter with Ethereum co-founder Vitalik Buterin led him to leave traditional finance behind and immerse himself in the world of decentralised finance. 'I spent most of my career working as a software developer for tier 1 banks primarily building risk management systems for fixed income and derivative products,' he recalls. 'In 2015 I was looking for a new challenge and found myself attending a one-day conference on blockchain, where I got the opportunity to speak to Vitalik Buterin. I was taken aback with his intellect and was so intrigued to understand more.' From running his own mining rigs to consulting for blockchain firms like ConsenSys, Berryman developed a strong foundation in decentralised finance. This journey eventually led him to co-found Attestant in 2019, a company dedicated to institutional-grade Ethereum staking services. Recognising the future potential of staking-enabled ETFs, Attestant aligned with Bitwise, culminating in its acquisition in 2024. 'This new home for Attestant has positioned the business well to continue to provide staking for existing ETPs in Europe and at the same time futureproof ready to stake in the US when ETFs are enabled to do so,' Berryman explains. Institutional investors entering the crypto market often face unique challenges, particularly in managing custody, security, and regulatory compliance. Bitwise Onchain Solutions provides a secure and efficient infrastructure for institutions looking to stake their digital assets while maintaining full control. 'For clients that are looking for a return on their digital assets, Bitwise Onchain Solutions provides the ability to stake their digital assets using our secure infrastructure whilst always retaining full control and custody. We offer a white glove service so clients can safely stake either through our web-portal or integrate into our API if they are larger institutional organisations,' Berryman says. The firm's institutional focus extends beyond just providing access; it also ensures that digital asset ETFs align with traditional investment structures, making them more accessible for fund managers operating across multiple jurisdictions. One of the primary advantages of incorporating digital asset ETFs into institutional portfolios is their potential for diversification. While cryptocurrencies have historically been volatile, Bitcoin and Ethereum have demonstrated resilience and impressive long-term performance. 'In a multi-asset portfolio construction process the fund manager's goal is to create a well-diversified portfolio that has exposure to many asset classes and sectors to maximise the Sharpe ratio (risk reward ratio),' Berryman explains. 'This is where having a crypto asset ETF holding could add diversity to the portfolio as the correlations of this crypto asset class to other traditional asset classes, such as bonds and equities, in the portfolio are likely to be very different.' This unique risk profile makes digital asset ETFs particularly attractive to institutional investors with a higher risk tolerance. However, as Berryman points out, even more conservative institutions will likely allocate to crypto over time to avoid the risk of being left behind. 'Although over time we will expect to generally see more institutions getting involved in the digital asset space as they realise not having an exposure to this asset class would potentially be a bigger risk in itself as their underlying clients are able to move to institutions that do offer the exposure to this asset class,' he notes. One of the lesser-known advantages of digital asset ETFs is their tax efficiency. Compared to direct crypto ownership, ETFs offer a structured investment vehicle that helps investors manage tax liabilities more effectively. 'We have seen in the US and UK, income tax on directly held crypto is paid in the year it is earned and that creates a big risk for the buyer,' Berryman explains. 'You could find yourself paying more tax than you earned if the prices or FX have moved against you. Funds will manage these risks and will have more tax efficient wrappers.' Additionally, while technical risks such as custody and staking security remain key concerns, Berryman emphasises that institutional-grade staking providers mitigate many of these risks. 'Once investors are happy and understand the risk of staking, many will assess the level of risk for the level of return and could decide it is worth participating, especially if knowing that the staking is run by professional institutional grade staking companies with all the appropriate security safeguards in place,' he says. Despite the growth of crypto ETFs, institutional investors must still contend with risks such as asset concentration and regulatory uncertainty. Unlike traditional ETFs, which typically hold a diversified basket of assets, digital asset ETFs often focus on a single cryptocurrency, increasing exposure to market swings. 'Typically, digital asset ETFs are currently single asset holding ETFs, which means there is concentration risk for an investor vs traditional ETFs which are usually composed of multiple holdings to reduce the concentration risk to any single holding in the fund,' Berryman explains. 'However, if the digital asset ETF is held as part of a balanced multi-asset portfolio this risk can be reduced.' Regulatory clarity will play a crucial role in further adoption. Berryman believes that while regulatory uncertainty has slowed institutional participation in the past, increased oversight will ultimately benefit the market. 'Regulations have an important role to play, as they ultimately give guidelines or clarity to asset managers as to how to manage this new asset class in a compliant fashion,' he adds. 'The digital asset space has generally been devoid of specific regulations, which has actually hindered its progression, but as the regulators focus further on this space and evolve the regulations this is likely to lead to more growth and adoption by asset managers and allocators.' Looking ahead, Berryman predicts that institutional engagement with Ethereum staking will grow significantly as wealth managers become more familiar with its risk-reward dynamics. 'If you are generating a yield after paying management, custody, insurance, tax and staking fees then why would you prefer not to invest in a staked product?' he argues. 'However, there are liquidity considerations to be taken into account and what we may well find is that traditional wealth managers actually end up keeping a mix of the staked and unstaked versions in their portfolio allocation depending on the purpose.' As more institutional capital flows into the digital asset space, Berryman expects Bitcoin and Ethereum ETFs to dominate, with sovereign wealth funds and pension funds eventually joining the fray. 'We certainly see flows continuing to grow in the digital assets ETF space, and most funds are likely to head into Bitcoin and Ethereum ETFs, as the leading cryptocurrencies by market capitalisation. The general expectation is that funds will be significantly larger in AUM within the next 5 years as more professional investors, sovereign wealth funds, pension funds and hedge funds start to allocate capital to this space,' he notes. 'Even though we have seen very strong flows from the outset of these ETFs, this has mainly come from the traditional digital asset players, and we have yet to see the large pension funds and sovereign wealth funds come into this space in significant volumes.' For institutions hesitant to enter the crypto ETF space, Berryman recommends a cautious but proactive approach. 'These digital asset ETFs are still in their infancy phase and potentially could be a good long-term investment,' he advises. 'However, like any typical investment drip feeding in a small amount of capital over time is better if one is uncertain about the value or volatility of the investment. Digital assets are extremely volatile, so not adding your entire allocation of capital in a single go, but rather spreading your allocation until you have reached your goal is generally the rule of thumb for any investment strategy.' With Bitwise Onchain Solutions leading the charge in staking and institutional crypto adoption, Berryman remains optimistic about the role of digital asset ETFs in the broader financial ecosystem. As traditional finance and crypto continue to converge, institutions that embrace this new asset class may find themselves well-positioned for the future. "Institutional investors and the future of digital asset ETFs" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
13-03-2025
- Business
- Associated Press
ETP leaders join Texas Stock Exchange to drive expansion into growing market
TXSE continues to build its management team with senior hires DALLAS, March 13, 2025 /PRNewswire/ -- The Texas Stock Exchange (TXSE) announced today the addition of proven industry veterans to drive its growth into the $11 trillion ETP market, as well as key executives to strengthen strategic operations and market intelligence. TXSE is committed to providing a superior offering that is aligned with issuers' priorities around liquidity, pricing, and visibility. Robert Marrocco, the former global head of ETP listings at Cboe Capital Markets, joins TXSE as global head of exchange traded products and as a member of TXSE's management committee. Under his leadership, Cboe BZX captured nearly 30 percent of all new ETP listings since 2020. 'I'm excited to be part of the Texas Stock Exchange and to further shape the enormous opportunities that TXSE will bring to the capital markets,' Marrocco said. Alison Hennessy, the former head of ETP listings at the Nasdaq Stock Market, has joined the Texas Stock Exchange as managing director of exchange traded products. Additionally, Kyle Murray, former legal head of global listings at Cboe Capital Markets, now serves as TXSE's deputy general counsel and legal head of global listings. TXSE is also announcing Laura Morrison as a strategic advisor. She was previously global head of listings and exchange traded products at Cboe Global Markets, as well as global head of indices and exchange traded products at the New York Stock Exchange. Together, these leaders managed more than 40 percent of all ETPs in the United States and are poised to establish TXSE as the premier listing venue for ETPs globally. The ETP market is experiencing rapid growth, with up to $8 trillion in new assets projected in the U.S. alone and total global assets estimated to top $25 trillion by 2030. With their extensive experience in capital markets, complex structuring, and operational expertise, this team will guide sponsors through the specialized process of launching and scaling ETP offerings, while leveraging an innovative and strategic co-branding approach to maximize impact. 'I'm proud to welcome these proven ETP leaders to the Texas Stock Exchange,' said James H Lee, TXSE chairman and CEO. 'The ETP market is growing at an unprecedented pace. The Texas Stock Exchange is committed to delivering the innovation, operational expertise, and alignment that sponsors require to capitalize on this next wave of global expansion.' Industry veterans Zoran Perkov and William Bailey join TXSE to drive strategic operations and market intelligence TXSE has further bolstered its capital markets expertise with the addition of Zoran Perkov, former chief executive of the Long Term Stock Exchange, as TXSE's vice president of strategic operations. Perkov played a key role in building critical trading platforms at Long Term Stock Exchange, IEX, and Nasdaq, focusing on stability, speed, and fairness in the U.S. equities markets. 'TXSE is building a next-generation exchange focused on competition, efficiency, and transparency,' Zoran said. 'I'm excited to help create a platform that meets the evolving needs of the market.' William Bailey has joined TXSE to lead its market intelligence group, which will provide real-time analytics for corporate issuers and sponsors alike. Through these efforts, TXSE aims to offer strategic insights to its listing partners, ensuring that they have access to timely and actionable market intelligence. 'The depth of talent joining TXSE speaks to the scale of our ambition,' said Cameron Smith, co-president and global head of trading at the Texas Stock Exchange. 'With this team in place, the Texas Stock Exchange is poised to redefine the future of capital markets—and we're just getting started.' For high-resolution headshots, please contact . About TXSE Group Inc TXSE Group Inc is the parent company of the Texas Stock Exchange LLC. Backed by several of the largest financial institutions and liquidity providers in the world, TXSE is focused on enabling U.S. and global companies to access U.S. capital markets and aims to provide a venue to list and trade public companies and the growing universe of exchange traded products. Subject to approval by the U.S. Securities and Exchange Commission, TXSE will be a fully integrated, electronic, national securities exchange headquartered in Dallas, Texas. More information is available at
