BRAZIL / LONDON (IT BOLTWISE) – Valour, a subsidiary of DeFi Technologies, has received approval to launch a Solana Exchange-Traded Product (ETP) in Brazil. This provides local investors with regulated access to one of the largest cryptocurrencies by market cap as institutional interest continues to grow in the region.
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Valour, a subsidiary of listed digital asset company DeFi Technologies, has received approval to launch a Solana exchange-traded product (ETP) in Brazil. This allows local investors to gain regulated access to one of the largest cryptocurrencies by market cap as institutional interest continues to grow in the region. The product, Valor Solana (VSOL), is scheduled to begin trading on Wednesday following approval from Brazil’s main exchange, Brasil, Bolsa, Balcão (B3 SA).
The Solana product will join Valour’s growing range of Brazil-listed ETPs, which already offer access to Bitcoin, Ether, XRP and Sui. Like Valour’s other offerings in the country, VSOL is denominated in Brazilian Reais and is designed to track the performance of Solana, one of the most active Layer 1 blockchain networks, within a traditional capital markets structure.
The launch reflects Valour’s broader strategy to expand beyond its core markets in Europe, with Brazil highlighted as a key market for international growth. The launch of Solana in Brazil is another step in the growing adoption of digital assets in the country, which ranks fifth globally, behind India, the US, Pakistan and Vietnam, according to a report by Chainalysis.
A key driver of this growth has been the expansion of stablecoin-based payment rails. The Central Bank of Brazil has acknowledged the widespread use of stablecoins for payments, especially in cross-border transactions. This development has allowed local fintech company Crown to raise capital to launch a Reais-denominated stablecoin aimed at institutional investors seeking access to the Brazilian fixed income market.
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