1Valour Internet Computer (ICP) Physical Staking is an exchange-traded product that tracks the price of ICP, the native token used to power the Internet Computer’s ecosystem. The Internet Computer is a blockchain project that aims to create a decentralized and scalable internet infrastructure by allowing smart contracts to run directly on its network, eliminating the need for traditional server-based architectures. It seeks to enable a new paradigm of web development, where applications are hosted natively on the blockchain, providing greater security, efficiency, and accessibility.
Valour’s Physical product line offers compliant Exchange Traded Products under EU regulations, with each product 100% physically backed and securely held in cold storage by licensed custodians. Traded on regulated exchanges, these ETPs provide transparent pricing and liquidity, ensuring investor confidence. Valour’s Base Prospectuses are approved by the Swedish Financial Supervisory Authority, meeting EU requirements for completeness, clarity, and consistency.
- Product Name1Valour Internet Computer Physical Staking
- IssuerValour Digital Securities Limited
- Base CurrencyEUR
- Management Fee1.9%
- ISINGB00BS2BDN04
- ValorenN/A
- WKNA3G9SD
- Bloomberg Code1VIC GR Equity
- Expiry DateOpen-ended
Name | Date | Ticker |
|---|---|---|
Aug 28, 2024 | 1VIC | |
Feb 14, 2024 | 1VIC | |
Jul 16, 2025 | 1VIC | |
Feb 14, 2024 | 1VIC |
Valour has partnered with leading regulated custodians and staking service providers in the structuring of our staked products. Valour’s Internet Computer Physical Staking ETP is custodied by with staking services provided by VQF registered Copper Markets (Switzerland) AG. In selecting its partners, Valour has prioritised ensuring optimal security of the product’s underlying, ensuring seamless, non-custodial, 100% fully collateralised staking at all times.
Crypto staking enables users to participate in the governance and consensus of a Proof-of-Stake (PoS) blockchain, earning rewards for their contribution. While Proof-of-Work blockchains utilise energy expending miners to validate and generate new blocks, PoS networks elect validators who stake (lock up) collateral to validate and add new blocks to the chain. Validators earn rewards when their proposed block reaches consensus by being verified by other validators on the network. Should the network deem the new block invalid, the selected validator is penalised in the form of having some of their staked holdings slashed. This process ensures that every new block added to the chain contains transactions that are verifiable, thereby guaranteeing the status and security of the network.
In the ICP network, assets committed to staking are eligible for rewards by actively participating in on-chain governance through the voting process. Those who lock ICP in neurons and engage in manual voting or follow other voting neurons receive a daily distribution of rewards. The distributed rewards consist of unrealized ICP, which can be staked or spawned. The accumulated staking rewards contribute to the neuron's voting power, while spawning converts the maturity into ICP tokens, allowing the ICP within the neuron to be used beyond the Network Nervous System (NNS).
Staking on-chain can be a complex process. Typically, validators must lock up their staked holdings for a certain period of time known as the bonding period. Bonding periods vary based on the network and often do not permit for validators to unstake their holdings until completion. Additionally, many networks subject staked funds to an unbonding period before which validators can withdraw their rewards, making it difficult to access funds quickly if needed.
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