- Valour Pi SEK ETP offers investors regulated access to Pi Network’s token.
- The new Pi SEK ETP allows Nordic investors to trade Pi without crypto wallets.
- Valour Pi ETP provides a 1:1 backed structure with secure PI token custody.
Valour, a subsidiary of DeFi Technologies, has launched the Valour Pi Swedish Krona (SEK) exchange-traded product (ETP) on Sweden’s Spotlight Stock Market. This new product allows investors to gain regulated exposure to Pi Network’s PI cryptocurrency without requiring direct involvement in cryptocurrency exchanges or wallets. This move enables Nordic investors to purchase PI through traditional brokerage accounts, such as Avanza or Nordnet.
Expanding Crypto Access to Traditional Investors
Valour’s Pi SEK ETP is part of the company’s strategy to bring cryptocurrency investments to mainstream investors. The ETP is physically backed by a 1:1 ratio of PI tokens, meaning the tokens are held in custody by Valour.
The product is open-ended, with no expiry date, and operates with a management fee of 1.9%. Valour will acquire PI tokens from liquid exchanges to match investor demand, ensuring a stable market environment.
By denominating the product in SEK, Valour aims to cater to the local Nordic market. In a Press release, the listing of Pi SEK on the regulated Spotlight Stock Market allows investors to trade PI like any other traditional asset.
Pi Network’s Growing Recognition
The launch of the Valour Pi SEK ETP is an important milestone for Pi Network. For the first time, PI is available as a regulated financial product in Europe. This move signals an increased institutional recognition of Pi Network, which could lead to further adoption.
Pi Network, a mobile-first cryptocurrency, has garnered substantial traction, with over 50 million users worldwide. Its focus on real-world applications, including sectors such as hospitality and education, could lead to growth through this new avenue of regulated exposure.
While there’s no guarantee that the ETP will directly impact the price of PI, it is expected to stabilize its value by linking it to traditional financial markets.
The introduction of this ETP complements Pi Network’s ongoing upgrades, including the v23 update, which brings new decentralized applications (dApps) and integrations. These developments align with Pi’s mission of creating a borderless economy.
At the time of writing, the price of PI stands at $0.2507, reflecting a slight increase over the past 24 hours. The price has been fluctuating in a narrow range, signaling potential stability in the short term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
