Valour Structured Products Announces New CEO, 336 Percent Increase in Valour’s AUM & Corporate Update on Activities
TORONTO, Feb. 12, 2021 (GLOBE NEWSWIRE) — Routemaster Capital Inc. (the “Company” or “Routemaster”) (NEO: DEFI GR: RMJR) is pleased to announce that it has closed the transaction to acquire 20% of Valour Structured Products (“Valour”), first announced on January 4, 2021 (the “Transaction”). Please see the Company`s press release dated January 4, 2021 for additional information on Valour.
Pursuant to the Transaction, Routemaster issued a total of 21,000,000 common shares of the Company to the shareholders of Valour in proportion to their pro rata shareholdings of Valour, in exchange for a 20% interest in Valour. No finder fees were paid connection with, and no change of control of Routemaster resulted from the transaction.
Valour Structured Products appoints Diana Biggs, previously Global Head of Innovation at HSBC Private Banking, as CEO
Diana Biggs has been appointed as CEO of Valour Structured Products to commence operational duties effective immediately. A seasoned executive in technology and financial services, she was previously Global Head of Innovation for HSBC Private Banking, where she led the testing and development of new business models, fintech partnerships and use of emerging technologies. In addition to her role at Valour, Diana is an Associate Fellow with Said Business School, University of Oxford, and Head Tutor for the Oxford Blockchain Strategy Programme.
“I am thrilled to be joining Valour and the Routemaster Capital team to finalise our initial strategic acquisition and collaborate on the development of structured products in the DeFi ecosystem,” commented Diana Biggs on the completion of the transaction. “The demand for secure, digital structured products is at an all-time high and I look forward to developing innovative products alongside Routemaster.”
Valour Structured Products Corporate Update for 2021
Founded in 2018, Valour Structured Products, Inc. is a company focused on creating exchange traded products in the digital asset space. Following the completion of a seed financing led by leading cryptocurrency investors in 2018, Valour has undertaken regulatory applications required and has received approval to be an issuer of digital asset products on leading European stock markets. Valour was Co-Founded by Johan Wattenstrom, Founder & Director of Nortide Capital AG. Mr. Wattenstrom was also the founder of XBT Provider, the first synthetic exchange traded product ever launched for Bitcoin (“BTC”) in 2015 which currently has 2.9 billion in assets under management. Its first product launched was Bitcoin Zero. Bitcoin Zero is the first fully hedged, passive investment product with Bitcoin (“BTC”) as its underlying asset and charges zero management fees. Further highlights on the company’s progress to date:
“Valour will be a cornerstone asset and growth vehicle for Routemaster going forward, we are excited to develop world first DeFi ETP’s and introduce this new asset class in a regulated and transparent manner,” said Olivier Roussy Newton, Co-Founder of DeFi Holdings and an advisor to Routemaster Capital. “We are very fortunate to have such a seasoned professional such as Diana Biggs join Valour to grow the company into the future.”
About Valour Structured Products Ltd.:
Valour Structured Products is a Cayman Island based company focused on issuing Exchange Traded Products with a focus on Digital Assets. Valour also owns 100 % of Catenafin AG, a Zug, Switzerland based trading desk.
About Routemaster Capital Inc.:
Routemaster Capital Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector.
For further information, please contact:
Daniyal Baizak
President and Chief Executive Officer
Tel: +1 (416) 861-1685
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