- The ETP offers investors climate-friendly, sustainable exposure to Bitcoin
- It funds certified carbon offset and removal projects to minimize BTC carbon footprint
Valour Inc., a publicly traded company bridging the gap between DeFi, Web3, and traditional capital markets, has launched the world’s flagship physically-backed digital asset product, Bankless Times learned from a press release.
Assets stored with regulated custodians
Valour’s EU-based platform for physically stored digital assets launched the 1Valour Bitcoin Physical Carbon Neutral ETP, secured by the respective assets held by regulated custody providers. The ETP offers investors climate-friendly, sustainable exposure to Bitcoin and a management fee of just 1.49%.
Benefiting the environment
The ETP is a sustainable investment method that not only helps the environment, but also fulfills ESG goals by funding certified carbon offset and removal projects to minimize Bitcoin’s carbon footprint.
Partnership with Patch, leading climate action provider
Valour partnered with Patch, a reputable climate infrastructure provider, to structure the ETP. When someone invests in the ETP, all related carbon emissions are automatically aligned to achieve carbon neutral output using Patch's service.
The API-based service considers hash power distribution, the efficiency of mining equipment, national-level carbon emissions, and other data to assess the portfolio’s carbon emissions level.
Compliance with the highest standards
To offset carbon emissions, Patch opts for quality projects that remove, prevent, and appropriate carbon dioxide. These projects are assessed by reputable and qualified organizations and standards, such as Verified Carbon Standard, BCarbon, Gold Standard, Climate Action Reserve, American Carbon Registry and Puro.Earth.
Olivier Roussy Newton, CEO of Valour commented:
As a proud signatory on the Crypto Climate Accord, Valour takes its ESG obligations seriously. We want to give retail and institutional investors, alike, the tools to partake in the exciting digital asset ecosystem and we are very proud to offer our first carbon neutral product on our new physically backed platform. With the launch of our first asset backed product we anticipate numerous future launches of new products which should help to grow our AUM substantially.
Contributors
