DeFi Technologies Introduces Revolutionary Bitcoin Exchange Traded Products

Defi Technologies Inc. and Valour collaborate with Core Foundation to launch groundbreaking Exchange Traded Products (ETPs), including the first Yield Bearing BTC ETP and a Core ETP. These ETPs leverage Core Chain's capabilities, introducing yield-bearing opportunities through BTC staking and block rewards. Valour will manage a validator node on Core Blockchain, stake $100 million in BTC, and work with Core Foundation to develop innovative financial products. This partnership aims to bridge traditional finance with DeFi innovation, expanding Bitcoin's utility and providing investors with novel investment opportunities.

DeFi Technologies Inc. Unveils Innovative Bitcoin Exchange Traded Products

Toronto, April 17, 2024 (GLOBE NEWSWIRE) - DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a pioneer in bridging traditional capital markets with decentralized finance (DeFi), announces a groundbreaking collaboration with the Core Foundation. Through this partnership, DeFi Technologies' subsidiary, Valour Inc., will launch novel Exchange Traded Products (ETPs) that harness the unique capabilities of the Core Blockchain (Core Chain).

Yield Opportunities through Bitcoin (BTC)

The Yield Bearing BTC ETP marks a paradigm shift, transforming Bitcoin from a passive asset into an actively yielding investment. Built on Core Chain's block rewards, this ETP unlocks Bitcoin's utility without sacrificing its network security.

Validator Node Management and BTC Staking

Valour Inc. will assume the role of a validator node on the Core Blockchain, bolstering network efficiency and security. Notably, the company plans to stake $100 million in BTC, further cementing the collaboration's commitment to integrating traditional finance with blockchain innovation.

Core ETP: Expanding Bitcoin's Potential

The Core ETP provides investors with yield-bearing opportunities through Core Chain's native staking rewards. By offering access to Core's staking mechanisms, this ETP widens the investor landscape for Bitcoin's transformative technology.

Collaboration Benefits

Valour's management of a validator node on the Core Blockchain unlocks multiple benefits, including enhanced network security and the earning of validator commissions. The significant BTC stake of $100 million demonstrates the company's unwavering belief in the convergence of Bitcoin's foundational technology and DeFi's innovative solutions.

Industry Leaders Unite

"This collaboration with the Core Foundation and the launch of our innovative ETPs underscore our commitment to leading the charge in bridging traditional finance and DeFi," said Olivier Roussy Newton, CEO of DeFi Technologies. "By introducing yield-bearing opportunities to Bitcoin, we're not only enhancing its utility but also offering investors unique ways to engage with the world's premier cryptocurrency."

"We're delighted to announce our partnership with DeFi Technologies and Valour," said Brendon Sedo of the Core Foundation. "Their vision of democratizing access to digital assets through traditional offerings resonates with our ethos. This collaboration underscores Bitcoin's growth as an ecosistema and the potential of BTC as a yield-bearing asset."

About Core Chain

The Core Blockchain is a Bitcoin-powered, EVM-compatible layer-one blockchain that leverages Bitcoin's mining hash power for security, unlocking Bitcoin's utility and rewards.

About DeFi Technologies Inc.

DeFi Technologies Inc. is a financial technology company that bridges the gap between traditional capital markets and DeFi. Backed by a team of experts with deep experience in financial markets and digital assets, DeFi Technologies aims to revolutionize the way individuals and institutions interact with the evolving financial landscape.

About Valour

Valour Inc. and Valour Digital Securities Limited (together, "Valour") offer ETPs that provide retail and institutional investors with secure and accessible exposure to digital assets via their traditional bank accounts. Valour's products include physically backed digital asset ETPs such as 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking.

For more information, visit https://defi.tech/, https://valour.com/, and https://corefoundation.org/.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information subject to known and unknown risks, uncertainties, and other factors that may cause actual results, activity levels, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to, the acceptance of Valour ETPs by exchanges and regulatory authorities, growth and development of the DeFi and cryptocurrency sectors, regulations affecting DeFi and cryptocurrency, and 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.