Mr. Johan Wattenstrom reports

Defi TECHNOLOGIES' SUBSIDIARY VALOUR LAUNCHES ZCASH (ZEC) ETP

Defi Technologies Inc.'s subsidiary, Valour Inc., and Valour Digital Securities Ltd., have launched the Valour Zcash (ZEC) SEK ETP.

• Zcash ETP: Valour launches an exchange traded product providing price exposure to Zcash (ZEC), expanding regulated access to one of the digital asset ecosystem's longest-standing privacy-focused networks.
• Traditional market access to ZEC: The ETP (exchange-traded product) enables investors to gain exposure to ZEC through traditional brokerage accounts without the operational complexity of directly purchasing or storing digital assets.
• Expanding Valour's digital asset platform: The launch further expands Valour's portfolio of more than 100 digital asset ETPs and reinforces its strategy of providing regulated access to a broad range of established and emerging digital asset protocols.

The Valour Zcash (ZEC) SEK ETP began trading on the Spotlight Stock Market on Sept. 29, 2026, under the ISIN CH1108681763. The product provides investors with exposure to the price performance of Zcash (ZEC) through an exchange-traded investment product accessible through traditional brokerage infrastructure.

The launch represents another expansion of Valour's digital asset ETP platform and expands regulated European market access to an asset that has played an important role in the development of privacy-preserving blockchain technology.

About Zcash

Launched in 2016, Zcash is a decentralized digital currency and payment network designed to provide users with greater control over the privacy of their financial transactions.

Zcash was the first widespread application of zero-knowledge proof technology known as zk-SNARKs. Its shielded transaction architecture allows transactions to be validated by the network while protecting sensitive transaction information from public disclosure. Zcash supports both shielded transactions, which can protect transaction details and transparent transactions that operate similarly to transactions on traditional public blockchains.

ZEC is the native digital asset of the Zcash network and is used to transfer value and pay transaction fees across the network.

The launch comes amid increased market attention toward privacy-preserving digital assets and expanding regulated investment access to ZEC across global capital markets.

"Zcash represents one of the most important early applications of zero-knowledge cryptography in digital assets, and interest in privacy-preserving blockchain infrastructure continues to grow," said Johan Wattenstrom, chief executive officer of Defi Technologies. "Launching a Zcash ETP is exactly the type of product innovation Valour was built to deliver. We are giving investors access to an established digital asset through the same regulated, familiar market infrastructure they use to access traditional securities, while continuing to expand the breadth and differentiation of our product platform."

"Zcash gives users the ability to transact privately using zero-knowledge cryptography, and we have seen growing interest in ZEC from both professional and Nordic retail investors," said Jacob Lindberg, chief revenue officer of Valour. "The demand for a listed product tracking ZEC has been clear. Bringing Zcash to Spotlight gives investors a familiar way to gain exposure through their existing brokerage infrastructure without having to purchase, store or manage the underlying digital asset directly."

The launch follows Valour's continued expansion across European and international markets and builds on a portfolio of more than 100 digital asset ETPs spanning major digital assets, Layer 1 and Layer 2 networks, decentralized finance protocols, staking products, and other emerging blockchain ecosystems.

The Valour Zcash (ZEC) SEK ETP carries a management fee of 1.9 per cent.

About Defi Technologies Inc.

Defi Technologies is a financial technology company building for the convergence of traditional capital markets and decentralized finance (DeFi). As a publicly listed and vertically integrated digital asset platform, Defi Technologies provides familiar, simple, secure and regulated access to the digital asset economy through investment products, trading and liquidity infrastructure, research, and strategic capital deployment. Its business includes Valour, a leading issuer of regulated digital asset ETPs; Stillman Digital, an institutional-grade digital asset trading and liquidity platform; and Defi Alpha, the company's internal business line focused on opportunistic trading, arbitrage and other capital markets strategies. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the gateway between traditional finance and the future of digital assets.

About Valour Inc.

Valour and Valour Digital Securities issues exchange-traded products (ETPs) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of Defi Technologies.

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