Valkyrie Digital Assets LLC (“Valkyrie”), the sponsor (the “Sponsor”) of the Valkyrie Bitcoin Trust, Valkyrie Algorand Trust, Valkyrie Polkadot Trust, Valkyrie Dash Trust, and the Valkyrie TRON Trust, announced today the launch of its sixth investment vehicle, the Valkyrie Zilliqa Trust (the “Trust”).
The Trust is the first investment vehicle at Valkyrie to invest solely in Zilliqa (ZIL), the digital asset that powers the Zilliqa blockchain network. The primary investment objective of the Trust is to reflect the value of ZIL held within and to offer investors access and exposure to the cryptocurrency in an insurable, cost-effective manner.
“Zilliqa is a fast growing network that offers a unique feature set geared towards democratizing the payments and remittance space,” said Valkyrie Investments CEO Leah Wald. “By launching this trust, we are able to give qualified investors exposure to one of the preeminent projects working to bring this use case to the financial system of the future.”
This Trust launch comes just days after the launch of the 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 sharded architecture, which enables 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 experienced on other blockchains.
“Making crypto more accessible to a range of different target groups is one sure-fire way to creating more worldwide utility for all coins, and truly realising its borderless potential,” said Amrit Kumar, president and co-founder at Zilliqa. “Valkyrie does this by easing access into the corridors of crypto so that those unfamiliar don’t have to knock on the doors they are unfamiliar with – such as exchanges, DEX’s and more. They optimise crypto asset management for investors, and also help them stake their assets and maximise their returns. Furthermore, Valkyrie’s expertise in the US market will help us grow our presence and reach new clientele stateside, which is very much aligned to our business goals.”
Valkyrie Investments Inc. (“Valkyrie Investments”) is a specialized alternative financial services firm at the intersection of traditional finance and the emerging cryptocurrency sector whose affiliates aim to offer asset management, research and other services. Headquartered in 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 previously launched multiple ETFs, publicly traded funds and ETPs, including digital asset funds with backgrounds across Guggenheim Partners, UBS, Chicago Board of Trade, Chicago Mercantile Exchange, and The World Bank.
Zilliqa provides secure, scalable, and affordable blockchain solutions for enterprises and decentralised applications. Developed through academic research, Zilliqa is helmed by a team of experienced scientists, leading engineers, financial services specialists, and venture creators. Driven by the mission to commercialise blockchain-based applications, Zilliqa focuses on use cases across asset securitisation, decentralised and open finance, incentivised marketing, and secure tokenisation.
In 2019, Zilliqa became the first public blockchain platform to be built on sharded 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 flourishing decentralised application ecosystem of 200+ projects, a global community of 150,000+ enthusiasts and a developer network of over 1,000 experts.
For more information, visit: zilliqa.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy Dash. Such offerings may only be made by prospectus and other offering documents that discloses the risks and disclosures of such offering. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss.
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.
|__hssrc||session||This cookie is set by Hubspot whenever it changes the session cookie. The __hssrc cookie set to 1 indicates that the user has restarted the browser, and if the cookie does not exist, it is assumed to be a new session.|
|AWSELB||session||Associated with Amazon Web Services and created by Elastic Load Balancing, AWSELB cookie is used to manage sticky sessions across production servers.|
|cookielawinfo-checkbox-advertisement||1 year||Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .|
|cookielawinfo-checkbox-analytics||11 months||This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".|
|cookielawinfo-checkbox-functional||11 months||The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".|
|cookielawinfo-checkbox-necessary||11 months||This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".|
|cookielawinfo-checkbox-others||11 months||This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.|
|cookielawinfo-checkbox-performance||11 months||This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".|
|CookieLawInfoConsent||1 year||Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.|
|__cf_bm||30 minutes||This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.|
|__hssc||30 minutes||HubSpot sets this cookie to keep track of sessions and to determine if HubSpot should increment the session number and timestamps in the __hstc cookie.|
|bcookie||2 years||LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.|
|bscookie||2 years||LinkedIn sets this cookie to store performed actions on the website.|
|lang||session||LinkedIn sets this cookie to remember a user's language setting.|
|lidc||1 day||LinkedIn sets the lidc cookie to facilitate data center selection.|
|UserMatchHistory||1 month||LinkedIn sets this cookie for LinkedIn Ads ID syncing.|
|AWSELBCORS||5 minutes||This cookie is used by Elastic Load Balancing from Amazon Web Services to effectively balance load on the servers.|
|__hstc||5 months 27 days||This is the main cookie set by Hubspot, for tracking visitors. It contains the domain, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session).|
|_ga||2 years||The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.|
|_ga_HB5P757H6F||2 years||This cookie is installed by Google Analytics.|
|_gat_gtag_UA_202302885_1||1 minute||Set by Google to distinguish users.|
|_gid||1 day||Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.|
|at-rand||never||AddThis sets this cookie to track page visits, sources of traffic and share counts.|
|CONSENT||2 years||YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.|
|hubspotutk||5 months 27 days||HubSpot sets this cookie to keep track of the visitors to the website. This cookie is passed to HubSpot on form submission and used when deduplicating contacts.|
|undefined||never||Wistia sets this cookie to collect data on visitor interaction with the website's video-content, to make the website's video-content more relevant for the visitor.|
|uvc||1 year 1 month||Set by addthis.com to determine the usage of addthis.com service.|
|_fbp||3 months||This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website.|
|fr||3 months||Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.|
|loc||1 year 1 month||AddThis sets this geolocation cookie to help understand the location of users who share the information.|
|VISITOR_INFO1_LIVE||5 months 27 days||A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.|
|YSC||session||YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.|
|yt-remote-connected-devices||never||YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.|
|yt-remote-device-id||never||YouTube sets this cookie to store the video preferences of the user using embedded YouTube video.|
|yt.innertube::nextId||never||This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.|
|yt.innertube::requests||never||This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen.|
|AnalyticsSyncHistory||1 month||No description|
|li_gc||2 years||No description|
|loglevel||never||No description available.|
|pum-1717||1 month||No description|