Valour, the UK subsidiary of DeFi Technologies, has secured approval from the Financial Conduct Authority to offer crypto exchange-traded products to retail investors.
The approved products include physically backed Bitcoin and Ether staking ETPs listed on the London Stock Exchange.
Trading in the 1Valour Bitcoin Physical Staking and 1Valour Ethereum Physical Staking products began on Monday.
“The UK is one of the world’s most important financial markets, and these approvals broaden our ability to serve UK retail investors with transparent, exchange-listed products,”
Johan Wattenström said.
The launch follows the FCA’s decision in October to lift its ban on retail access to crypto ETPs.
Valour had previously listed a Bitcoin staking ETP in the UK that was restricted to professional investors.
The move builds on Valour’s international expansion after launching a Solana-linked ETP in Brazil in December.
The London Stock Exchange hosts more than 2,300 ETPs from over 50 issuers, including a growing number tied to crypto assets.
Crypto ETPs recorded around $280 million in trading volume on the exchange in December.
The launch comes as global crypto ETPs face volatility, with CoinShares reporting $1.7 billion in outflows last week.
At the time of reporting, Bitcoin price was $88,477.96.