Valour, a subsidiary of DeFi Technologies, has listed an ETP providing exposure to the privacy coin Zcash (ZEC) on the Spotlight Stock Market in Stockholm. The product carries a 1.9% management fee and joins a Valour portfolio of over 100 ETPs.
Valour, owned by the publicly listed DeFi Technologies (Nasdaq: DEFT), issues exchange traded products (ETPs) — listed products that provide exposure to an underlying asset without the investor having to buy or store it directly. Zcash (ZEC) is a privacy-focused cryptocurrency, known as an early application of zero-knowledge proof technology called zk-SNARKs, which allows transactions to be verified without revealing their details.
The Valour Zcash (ZEC) SEK ETP began trading on the Spotlight Stock Market on 29 September, under ISIN CH1108681763. The product gives investors exposure to the price performance of ZEC through ordinary brokerage infrastructure, and carries a management fee of 1.9%.
The launch forms part of Valour's continued expansion across European and international markets, adding to a portfolio of more than 100 digital asset ETPs — spanning major cryptocurrencies, layer 1 and layer 2 networks, DeFi protocols and staking products.
Zcash launched in 2016 as a digital payment network built to give users greater control over the privacy of their transactions. The network supports both shielded transactions, which keep details private, and transparent transactions that work like those on other public blockchains. ZEC is the network's native token, used both to transfer value and to pay transaction fees.
"Zcash represents one of the most important early applications of zero-knowledge cryptography in digital assets, and interest in privacy-preserving blockchain infrastructure continues to grow. We are giving investors access to an established digital asset through the same regulated, familiar market infrastructure they already use for traditional securities," writes Johan Wattenström, chief executive of DeFi Technologies, in the press release.
Jacob Lindberg, chief revenue officer at Valour, points to demand from both professional and Nordic retail investors. "Zcash gives users the ability to transact privately using zero-knowledge cryptography, and we have seen growing interest in ZEC from both professional and Nordic retail investors. The demand for a listed product tracking ZEC has been clear," writes Lindberg.
Sources: DeFi Technologies, Valour
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