HomeBlockchainSweden Launches Exchange-Traded Product on Bitcoin-Powered Core Blockchain

Sweden Launches Exchange-Traded Product on Bitcoin-Powered Core Blockchain


Core Foundation Launches World’s First Yield-Bearing CORE ETP on Spotlight Stock Exchange

The Core Foundation, a pioneer in the world of blockchain technology, has made a groundbreaking announcement that is set to revolutionize the investment landscape. On Friday, they unveiled the world’s first yield-bearing CORE ETP on the Spotlight Stock Exchange, in collaboration with Valour, a subsidiary of DeFi Technologies.

This new Valour CORE ETP will provide investors with exposure to the Core blockchain’s native token, offering a unique opportunity to capitalize on the innovative technology behind Core. The Core blockchain is known for its distinctive consensus mechanism, Satoshi Plus, which combines various elements such as Bitcoin Mining Hash Power, Delegated Proof of Stake, and Bitcoin Staking to ensure the network’s security.

Rich Rines, an early contributor to Core, highlighted the significance of making the CORE token accessible to a wider audience. He stated, “With Core being an open and permissionless blockchain, its native CORE token should be available to everyone. Valour’s launch of a CORE ETP is a valuable contribution to CORE’s accessibility, particularly for institutions and participants in traditional finance.”

The Valour CORE ETP aims to track the price of CORE, providing a straightforward investment opportunity for those interested in the Core blockchain. The Spotlight Stock Market, known for its support of high-growth companies, will host the ETP, aligning with its mission to promote visibility and security for innovative companies in the Nordic region.

This move is part of a broader strategy to expand decentralized finance opportunities in Europe, following the successful debut of a similar ETP tracking HBAR on Germany’s Börse Frankfurt. The growing interest in decentralized finance products across European markets signals a shift towards embracing innovative financial solutions.

Core’s alignment with Bitcoin aims to unlock over $1.25 trillion in trapped Bitcoin liquidity, with $200 million in staked Bitcoin recently reported. Core’s unique approach allows BTC holders to earn yield by staking directly on the Bitcoin network, contributing to the security of Core while retaining custody of their assets.

These developments will be further explored at Benzinga’s Future of Digital Assets conference on Nov. 19, shedding light on the future of blockchain technology and decentralized finance. The launch of the CORE ETP marks a significant milestone in the evolution of the investment landscape, offering investors a new avenue to capitalize on the potential of blockchain technology.


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