Valkyrie Investments Announces Launch of Valkyrie Zilliqa Trust
NASHVILLE, Tennessee., October 5, 2021 / PRNewswire / – Valkyrie digital assets LLC (“Valkyrie”), the sponsor (the “Sponsor”) of Valkyrie Bitcoin Trust, Valkyrie Algorand Trust, Valkyrie Polkadot Trust, Valkyrie Dash Trust and Valkyrie TRON Trust, today announced the launch of its sixth investment vehicle , the Valkyrie Zilliqa Trust (the âTrustâ).
The Trust is Valkyrie’s first investment vehicle to invest solely in Zilliqa (ZIL), the digital asset that powers Zilliqa’s blockchain network. The primary investment objective of the Trust is to reflect the value of the ZIL held and to provide investors with access and exposure to cryptocurrency in an insurable and profitable manner.
âZilliqa is a rapidly growing network that offers a unique feature set aimed at democratizing the payments and remittances space,â said the CEO of Valkyrie Investments. Lea Wald. âBy launching this trust, we are able to give qualified investors exposure to one of the preeminent projects aimed at bringing this use case to the financial system of the future. “
This Trust launch comes just days after the launch of Valkyrie TRON Trust, and is the latest in a family of trusts launched to bring more exposure to a wider universe of digital assets. Zilliqa is the first to be built on a partitioned architecture, which allows network scaling even for large volumes of transactions at any given time. It is seen by many as an alternative to the congestion and high fees encountered on other blockchains.
âMaking crypto more accessible to a range of different target groups is a surefire way to create greater global utility for all coins and truly realize its potential without borders,â said Amrit kumar, president and co-founder of Zilliqa. Valkyrie does this by making it easier to access crypto hallways so those unfamiliar with them don’t have to knock on doors they don’t know – like exchanges, DEXs and more. Crypto asset management for investors and also help them stake their assets and maximize their returns.In addition, Valkyrie’s expertise in the US market will help us increase our presence and reach new customer base in the US , which is very much in line with our business objectives.
About Valkyrie Investments Inc
Valkyrie Investments Inc. (“Valkyrie Investments”) is an alternative financial services company specializing in the intersection of traditional finance and the emerging cryptocurrency sector whose subsidiaries aim to provide asset management, research and others. Based at Nashville, Valkyrie Investments aims to provide exposure to the emerging digital asset class through traditional financial vehicles. Valkyrie Investments is led by seasoned asset managers who have already launched several ETFs, publicly traded funds and ETPs, including digital asset funds with backgrounds at Guggenheim Partners, UBS, Chicago Board of Trade, Chicago Mercantile Exchange and World Bank.
Zilliqa provides secure, scalable and affordable blockchain solutions for enterprises and decentralized applications. Developed through academic research, Zilliqa is led by a team of experienced scientists, leading engineers, financial services specialists and business creators. Driven by the mission of commercializing blockchain-based applications, Zilliqa focuses on the use cases of asset securitization, decentralized and open finance, incentive marketing, and secure tokenization.
In 2019, Zilliqa became the first public blockchain platform to be built on a fragmented architecture, with smart contracts written in the platform’s secure-by-design programming language, Scilla. To date, the Zilliqa blockchain has processed over 25 million transactions since launching its mainnet and is home to a thriving decentralized application ecosystem of over 200 projects, a global community of over 150,000 enthusiasts, and a network of developers over 1,000 experts.
For more information visit: zilliqa.com
This press release does not constitute an offer to sell or the solicitation of an offer to buy Dash. Such offers can only be made by means of a prospectus and other offer documents which disclose the risks and information of such an offer. Past performance does not represent future results. There is no guarantee that a specific result will be achieved. Investments can be speculative, illiquid and there is a risk of total loss.
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SOURCE Valkyrie Investments