- The first exchange-traded product (ETP) for CORE, native token of the Bitcoin layer-1 blockchain Core, will debut on Sweden’s Spotlight Stock Exchange.
- This move is aimed at simplifying access to the Core blockchain network for traditional investors, says its Toronto-based issuer, Valour.
- “Valour’s CORE ETP launch significantly boosts CORE’s accessibility for institutional and traditional finance participants,” noted Rich Rines, an Initial Contributor to Core.
Explore how the first CORE ETP on Sweden’s Spotlight Stock Exchange broadens access to blockchain technology and enhances investment opportunities in the crypto market.
CORE ETP Launches on Sweden’s Spotlight Stock Exchange
In a landmark development for the cryptocurrency market, the first exchange-traded product (ETP) for CORE, the native token of the Core blockchain, has been launched on Sweden’s Spotlight Stock Exchange. The initiative, led by Toronto-based Valour, a subsidiary of DeFi Technologies, marks a significant advancement in bridging traditional financial systems with emerging blockchain technology.
Empowering Traditional Investors with Blockchain Exposure
The Valour CORE (CORE) ETP is set to offer traditional investors a new avenue to gain exposure to the Core blockchain’s native cryptocurrency. This ETP aims to track the price of CORE, thereby enabling investors to benefit from the performance of the Bitcoin-powered layer-1 blockchain designed for EVM-compatible smart contracts. Utilizing the innovative Satoshi Plus consensus mechanism, Core combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS) to enhance security and efficiency.
Pioneering Bitcoin Staking on Core Network
One of Core’s standout features is its revolutionary non-custodial Bitcoin staking solution. Historically, Bitcoin holders have lacked the ability to stake their BTC directly. Core Chain has introduced a groundbreaking mechanism enabling BTC holders to earn yields through staking while maintaining full custody of their assets. By participating in Core Chain’s Satoshi Plus consensus, users can stake their Bitcoin without the need to wrap their assets or lose custody, setting a new precedent in the market.
Massive Stake and Market Interest
Core’s foray into this innovative staking solution has garnered substantial interest. The project has successfully staked over $200 million in Bitcoin, showcasing significant investor confidence. The launch of the CORE ETP on the Spotlight Stock Exchange follows the recent debut of the Velour Hedera ETP on Germany’s Börse Frankfurt, indicating growing enthusiasm for decentralized finance products across Europe.
Unlocking Trapped Bitcoin Liquidity
In an ambitious move, the Core project’s blockchain technology is positioned to unlock over $1.25 trillion in trapped Bitcoin liquidity. Leveraging the staking process, Bitcoin holders can earn yields from block rewards and transaction fees generated by Core’s EVM-compatible smart contract protocols. Since its mainnet launch in January 2023, the Core blockchain has attracted over 18 million unique addresses and processed 256 million transactions, demonstrating robust adoption and market penetration.
Conclusion
The launch of the CORE ETP on Sweden’s Spotlight Stock Exchange represents a pivotal moment in the integration of traditional finance with blockchain technology. By offering an accessible avenue for investment in blockchain assets, Core is poised to significantly enhance the landscape of cryptocurrency finance, making it a project worthy of close attention from both investors and market analysts.
