DeFi Technologies Subsidiary, Valour, Forges Strategic Collaboration with Core Foundation to Launch Innovative Bitcoin ETPs

• Innovative Bitcoin ETPs Launch: DeFi Technologies Inc. and Valour partner with the Core Foundation to launch groundbreaking Exchange Traded Products (“ETPs”), including a first-of-its-kind Yield Bearing BTC ETP and a novel Core ETP, leveraging Core Chain's unique blockchain features.
• Yield Opportunities Through BTC: The Yield Bearing BTC ETP introduces a new era for Bitcoin as an actively yielding investment, utilizing Core Chain's block rewards and expanding Bitcoin's utility without leaving the network.
• Validator Node Management and BTC Staking: Valour Inc. will manage a validator node on the Core Blockchain, enhancing network security and efficiency while planning to stake $100 million in BTC, further solidifying the collaboration's commitment to integrating traditional finance with blockchain innovation.

TORONTO, April 17, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralised finance, is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, “Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has entered into a collaboration with the Core Foundation, an organization dedicated to the development of the Core blockchain network (“Core Chain”). Core Chain is a cutting-edge, Bitcoin-powered, EVM-compatible blockchain that incorporates Bitcoin miners and BTC stakers into its security in exchange for rewards.

This collaboration is set to develop innovative ETPs that leverage Core Chain's unique blockchain capabilities, introducing a first-of-its-kind Yield Bearing BTC ETP and a novel Core ETP. These ETPs aim to redefine Bitcoin’s utility as an investment opportunity within the digital asset ecosystem, granting BTC native yield through non-custodial BTC staking.

The Yield Bearing BTC ETP will offer yield directly from Core Chain’s block rewards. This groundbreaking initiative marks a first in the market, as the previously passive BTC asset becomes productive and yield-bearing without moving off the Bitcoin Network.

The Core ETP will provide investors with yield-bearing opportunities through Core Chain's native staking rewards, aimed at enhancing investor returns. This ETP is designed to widen investor access to Core's innovative staking mechanisms.