DeFi Technologies' Subsidiary Valour to List Four Digital Asset ETPs on Brazil's B3 Exchange

Executive Summary

• Valour, a subsidiary of DeFi Technologies, received B3’s approval to list four digital‑asset exchange‑traded products (BTCV, ETHV, XRPV, VSUI) on Brazil’s B3 exchange, with trading slated for 2025‑12‑17.
• The Brazil listing marks Valour’s first major foothold outside Europe and a key step in its global expansion strategy targeting Latin America and other high‑growth regions.
• The new BRL‑denominated ETPs give Brazilian investors regulated, exchange‑traded exposure to leading digital assets via existing brokerage and custody infrastructure.

Key Details

• Products Approved: Valour Bitcoin (BTCV), Valour Ethereum (ETHV), Valour XRP (XRPV), Valour SUI (VSUI).
• Trading Start Date: 17 December 2025 on B3; bell‑ringing ceremony scheduled for 19 December 2025.
• Listing Structure: Listed via Brazilian Depositary Receipts (BDR) on an ETP, providing BRL‑denominated exposure.
• Strategic Significance: First Valour listing outside Europe; part of a broader expansion into Latin America, Africa, the Middle East, and Asia.
• Market Context: Brazil is Latin America’s largest crypto economy (~US$319 billion transacted in 2024‑25) and ranks 5th globally for crypto adoption per Chainalysis 2025 index.
• Regulatory Environment: Operates under Brazil’s Virtual Assets Act (Law No. 14,478/2022) and 2025 AML/CTF extensions, giving a regulated framework for digital‑asset products.
• Valour Platform Scale: Approximately 100 digital‑asset ETPs already listed across major European exchanges (e.g., Stockholm, Frankfurt, SIX Swiss, LSE, Euronext).
• Management Commentary: CEO Johan Wattenström highlighted Brazil’s rapid growth and B3’s central role; President Andrew Forson noted expectations for additional listings and region‑specific structured products.

Notable Quotes

“Brazil is one of the most important and fastest-growing digital asset markets globally, and B3 is at the centre of that growth,” – Johan Wattenström, CEO & Executive Chairman, DeFi Technologies.

“By providing local listings of our core ETPs, we offer Brazilian investors product exposure which over time, we expect to grow to support additional Brazilian listings, structured products, and solutions tailored to the region’s rapidly developing investment market,” – Andrew Forson, President, DeFi Technologies.