Bitcoin-Powered Core Blockchain Launches Exchange-Traded Product In Sweden

The Core Foundation, known for its Bitcoin-powered layer-one blockchain, Core, on Friday announced the launch of the world’s first yield-bearing CORE ETP on the Spotlight Stock Exchange.

This initiative is being spearheaded by Valour, a subsidiary of DeFi Technologies.

The new Valour CORE will offer investors exposure to the Core blockchain's native token.

Core is distinguished by its unique consensus mechanism, Satoshi Plus, which combines Bitcoin Mining Hash Power, Delegated Proof of Stake, and Bitcoin Staking to secure the network.

This ETP launch follows the successful release of Valour's Bitcoin Staking ETP, the first yield-bearing Bitcoin ETP, powered by Core's Non-Custodial Bitcoin Staking mechanism.

Rich Rines, an initial contributor to Core, emphasized the importance of making the CORE token accessible to a broader audience.

“With Core being an open and permissionless blockchain, its native CORE token should be available to everyone. Valour's launch of a CORE ETP is a valuable contribution to CORE's accessibility, particularly institutions and other participants in traditional finance," Rines stated.

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The Valour CORE ETP aims to track the price of CORE, providing a straightforward investment opportunity for those interested in the Core blockchain.

The Spotlight Stock Market, known for its commitment to supporting high-growth companies, will host the ETP.

This move aligns with Spotlight's mission to provide visibility and security for innovative companies in the Nordic region.

The launch of the CORE ETP on the Spotlight Stock Market is part of a broader strategy to expand decentralized finance opportunities in Europe.

The launch of the CORE ETP on the Spotlight Stock Market follows a successful debut of a similar ETP tracking HBAR, on Germany’s Börse Frankfurt last week, signaling growing interest in decentralized finance products across European markets.

Core's alignment with Bitcoin BTC/USD aims to unlock over $1.25 trillion in trapped Bitcoin liquidity, with $200 million in staked Bitcoin recently reported.

Core's unique approach allows BTC holders to earn yield by staking directly on the Bitcoin network, contributing to the security of Core while retaining custody of their assets.

The yield is generated from block rewards and transaction fees within Core's EVM-compatible smart contract protocol.

Topics such as these will be explored at Benzinga’s Future of Digital Assets conference on Nov. 19.

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