Stockholm, October sixteenth, 2024 – Virtune, a Swedish regulated digital asset supervisor and issuer of crypto exchange-traded merchandise (ETPs), is saying a collaboration with the Polkadot Community, funded by means of the Polkadot OpenGov Decentralized Treasury. Via this partnership, Virtune goals to advertise and lift consciousness of its Virtune Staked Polkadot ETP all through the Nordics. Since its inception, Virtune has quickly grown within the Nordic market, incomes recognition for its instructional initiatives, regulated standing, and transparency.
The corporate has additionally swiftly expanded its product portfolio. One among these merchandise, Virtune Staked Polkadot ETP, was listed on Nasdaq Stockholm on January 10, 2024. The product is 100% bodily backed by DOT and affords buyers publicity to Polkadot by means of a regulated construction, alongside with the advantages of staking, offering an extra 4% annual yield earlier than charges on prime of Polkadot’s personal efficiency. It’s accessible for each institutional and retail buyers in Sweden, Finland, Norway and Denmark by means of banks and brokers, together with Avanza and Nordnet, amongst others.
About Polkadot
Discover the transformative potential of Polkadot, the next-generation blockchain platform designed to energy a totally interconnected digital future. Polkadot stands out by enabling seamless interoperability throughout numerous blockchains, permitting for safe message and worth transfers with out counting on third events.
About Virtune Staked Polkadot
Virtune Staked Polkadot ETP supplies publicity to Polkadot with enhanced returns by means of staking. This product contains safe and environment friendly staking straight from cold-storage with Virtune’s custodian Coinbase, with staking rewards offering 4% annual yield repeatedly being added to the ETP which is mirrored within the every day value of the ETP.
- 1:1 publicity: Straightforward and safe 1:1 publicity to Polkadot
- Passive Revenue: Earn staking rewards from the included staking with none efforts required
- Safety: Non-custodial staking from cold-storage, the DOT tokens are by no means despatched to any third celebration
- Liquidity: The product could be traded freely with out lock-up intervals
- Bodily backing: Totally backed by DOT saved securely with Virtune’s custodian Coinbase
- Regulated and accessible: Traded on a regulated market within the type of Nasdaq Stockholm as straightforwardly as buying and selling a inventory and could be held in ISK or capital insurance coverage accounts for tax advantages
About staking
Staking is the method of actively collaborating in transaction validation on a blockchain that makes use of a proof-of-stake (PoS) consensus mechanism. Members lock up a certain quantity of crypto belongings to assist the community’s safety and operations. In return, they earn rewards within the type of further crypto belongings.
Polkadot OpenGov
Polkadot OpenGov is a totally decentralized governance system designed to serve the Polkadot Community and all holders of the DOT token, Polkadot’s native crypto asset. Inside OpenGov, any DOT holder can submit a referenda (proposal) requesting funds from the Polkadot Treasury to assist the ecosystem’s evolution and development. The destiny of every proposal is set by a vote from all DOT token holders. OpenGov allocates its Treasury Funds, that are amassed by means of worldwide community utilization, to proposals which can be efficiently submitted and permitted by the Polkadot neighborhood.
Christopher Kock, CEO of Virtune:
“Following a protracted and collaborative course of with Polkadot Opengov, we’re each happy and humbled to have earned the belief of the Polkadot neighborhood to steer Polkadot adoption within the Nordic monetary market. We acknowledge a major data hole on this area concerning Polkadot’s nice capabilities, and we’re dedicated to bridging this hole by means of a complete marketing campaign. This marketing campaign will embrace instructional content material, in addition to out of doors and digital promoting, and occasions aimed at educating about Polkadot’s fundamentals and the alternatives it presents, significantly how investments could be made into Polkadot’s native token DOT mixed with staking rewards through a regulated exchange-traded product. We launched our Virtune Staked Polkadot earlier in 2024, and we’re inspired by the rising curiosity from buyers throughout the Nordics.”
The aim of the marketing campaign
The purpose of this marketing campaign is to reinforce consciousness of Polkadot’s know-how, its potential, and its suitability as an funding when built-in into conventional portfolios. Via the marketing campaign and Virtune’s regulated exchange-traded product, Virtune Staked Polkadot ETP, each institutional and personal buyers can be knowledgeable and enlightened about Polkadot and its vibrant ecosystem, which incorporates all of the tasks constructing on-chain. The marketing campaign goals to draw a major variety of new buyers to Polkadot throughout the Nordics, whereas additionally offering instructional content material about Polkadot to the monetary business.
The content material of the marketing campaign
The marketing campaign will introduce a brand new scale of promoting efforts, combining out of doors promoting in high-visibility areas comparable to Stockholm’s monetary district, subway stations, and the Arlanda Categorical, amongst different outstanding places. This strategy is designed to considerably increase the visibility of Polkadot and Virtune’s Staked Polkadot ETP. As well as, digital promoting will characteristic Polkadot throughout numerous digital channels. Moreover, the marketing campaign will embrace large-scale occasions centered on educating attendees about Polkadot each as a blockchain know-how and as an funding alternative.
The marketing campaign goals to showcase a variety of dynamic applied sciences that reveal Polkadot’s worthwhile position within the evolution of web3, the place it has made vital strides. Polkadot is exhibiting substantial progress in numerous sectors, together with gaming, with firms like Legendary Video games migrating their platforms to the Polkadot blockchain. Moreover, Polkadot helps quick and cost-effective transactions with stablecoins and is continuous to point out its strengths in different rising areas inside decentralized finance, real-world belongings, information storage, and synthetic intelligence (AI).
Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64
Virtune with its headquarters in Stockholm is a totally regulated Swedish digital asset supervisor and issuer of crypto alternate traded merchandise on regulated European exchanges. With regulatory compliance, strategic collaborations with business leaders and our proficient staff, we empower buyers on a worldwide stage to entry revolutionary and complex funding merchandise which can be aligned with the evolving panorama of the worldwide crypto market.
Cryptocurrency investments are related with excessive danger. Virtune doesn’t present funding recommendation. Investments are made at your personal danger. Securities might improve or lower in worth, and there’s no assure that you’ll get better your invested capital. Please learn the prospectus, KID, phrases at www.virtune.com.