Valor Digital Securities, a subsidiary of Defi Technologies, has launched a product (ETP) traded on Bitcoin’s physical staking exchange on the London Stock Exchange, the company announced on Friday.
This list expands Valor’s yield Bitcoin products beyond mainland Europe, which has been trading in the German Xetra market since November 2024. The ETP is restricted to professional and institutional investors under current UK regulations, with retail access scheduled to open on October 8th under new Financial Conduct Authority regulations.
The products listed under Ticker 1VBS are physically backed by Bitcoin held in cold storage with copper, a regulated custodian. Provides an estimated annual yield of 1.4%. This is distributed by increasing the product’s net asset value (NAV). Yields are generated through a staking process using core chain Satoshi and consensus mechanisms.
The rewards earned with the core token will be converted to Bitcoin and added to your ETP holdings. Valor emphasizes that the process involves short-term lockups during interest transactions, but the underlying Bitcoin is not subject to traditional staking risks such as thrashing.
The launch comes as the UK begins to ease restrictions on crypto-link investment products. Earlier this year, Financial Conduct Authorities moved to grant retail access to certain crypto exchange trade notes and products.
