DeFi Technologies' Subsidiary Valour Approved to List Valour Solana (VSOL) ETP on Brazil's B3 Exchange

Executive Summary

• Valour Inc., a subsidiary of DeFi Technologies, received approval from Brazil’s B3 exchange to list the Valour Solana (VSOL) exchange‑traded product (ETP), adding Solana exposure to its Brazilian digital‑asset lineup.
• VSOL is slated to begin trading on B3 on December 17 2025 alongside four existing Valour ETPs (BTCV, ETHV, XRPV, VSUI).
• The listing expands Valour’s international footprint beyond Europe, marking Brazil as the company’s first major market outside the continent and broadening regulated, BRL‑denominated digital‑asset access for Brazilian investors.

Key Details

• Approval & Listing Date: B3 approved VSOL; trading to commence on 2025‑12‑17 via a BDR‑on‑ETP structure.
• Product Suite Expansion: VSOL joins Valour’s existing Brazil‑listed ETPs – Bitcoin (BTCV), Ethereum (ETHV), XRP (XRPV), and Sui (VSUI).
• Exposure Offered: Provides institutional‑grade, exchange‑traded exposure to the Solana network, a leading Layer 1 blockchain.
• Market Strategy: Part of Valour’s “Brazilian shelf” strategy aimed at delivering diversified digital‑asset ETPs in Brazil, supporting future listings, structured products, and customized solutions.
• Company Footprint: Valour currently offers ~100 digital‑asset ETPs across Europe on venues such as Spotlight (Sweden), Börse Frankfurt, SIX Swiss Exchange, LSE, and Euronext.
• Strategic Rationale: Brazil is Latin America’s largest financial market and its biggest crypto economy; the VSOL listing aligns with growing demand for diversified digital‑asset exposure among Brazilian institutions and qualified investors.
• Management Commentary:
• Johan Wattenström (CEO & Executive Chairman, DeFi Technologies) highlighted the “natural next step” of adding Solana after Bitcoin, Ethereum, XRP, and Sui approvals.
• Andrew Forson (President, DeFi Technologies) noted strong European demand for diversified exposure and expects the broader shelf to support additional Brazilian listings and tailored solutions.

Notable Quotes

• Johan Wattenström: “Listing Valour Solana (VSOL) on B3 is a natural next step following the approval of our Bitcoin, Ethereum, XRP, and Sui products… we are pleased to make regulated, exchange‑traded exposure to SOL available to Brazilian investors through the B3 Exchange.”
• Andrew Forson: “Adding VSOL to our Brazilian lineup builds on our initial four ETPs and further rounds out the product suite we are offering on B3. Over time, we expect this broader shelf to support additional Brazilian listings, structured products, and customized solutions tailored to the needs of local investors.”

Materiality Assessment

• Material – Positive – The approval introduces a new listed product in a major market, potentially driving revenue growth and expanding the company’s addressable investor base.