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Bitcoin-Powered Blockchain Core Launches Stock-Listed Product in Sweden
The Central Foundationknown for his Level One Powered by Bitcoin blockchain, Nucleusannounced on Friday the launch of the world’s first yield bond ETP CORE on the Stock Exchange Spotlight.
This initiative is carried out by Valuea subsidiary of DeFi Technologies.
The new CORE value will offer investors exposure to the Core blockchain’s native token.
Core stands out for its unique consensus mechanism, Satoshi Plus, which combines Bitcoin Mining Hash Power, Delegation Proof of Stake, and Bitcoin Staking to secure the network.
The launch of this ETP follows the successful launch of Valour’s Bitcoin Staking ETP, the first yield-generating Bitcoin ETP based on Core’s non-custodial Bitcoin staking mechanism.
Rich Rineone of Core’s earliest contributors, highlighted the importance of making the CORE token accessible to a wider audience.
“As Core is 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 making CORE accessible, especially to institutions and other participants in traditional finance,” Rines said.
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The Valor CORE ETP aims to track the price of CORE, providing a simple investment opportunity for those interested in the Core blockchain.
Spotlight Stock Market, known for its commitment to backing high-growth companies, will host the ETP.
This initiative is in line with Spotlight’s mission: to provide visibility and security to 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 the successful debut of a similar ETP tracking HBAR on the German Stock Exchange in Frankfurt last week, signalling growing interest in decentralised financial products in European markets.
Core alignment with Bitcoin BTC/USD aims to unlock over $1.25 trillion of trapped Bitcoin liquidity, with $200 million in Bitcoin staking recently reported.
Core’s unique approach allows BTC holders to earn yield by targeting the Bitcoin network directly, contributing to Core’s security while maintaining custody of their assets.
Yield is generated from block rewards and transaction fees within Core’s EVM-compatible smart contract protocol.
Topics like these will be explored in depth by Benzinga The Future of Digital Assets conference on November 19th.
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