Pi Network has rolled out its v23 protocol upgrade, introducing embedded KYC authority aligned with ERC-3643 standards, enhancing compliance and security for users. Simultaneously, Valour Inc., a subsidiary of DeFi Technologies, launched the first regulated Pi Exchange Traded Product (ETP) on Sweden's Spotlight Stock Market, providing European investors with a secure avenue to gain exposure to Pi.
The upgrade, led by Dr. Nicolas Kokkalis and the Pi Core Team, marks a transition from Testnet to Mainnet, focusing on global regulatory adherence. Valour's EPT carries a 1.9% management fee and aims to attract institutional interest, with daily Pi trading volumes nearing $100 million. Analysts like Dr. Altcoin note this could democratize access for retail investors globally.
Historically, similar upgrades, such as Stellar's v23, have boosted compliance and usability. The dual developments signal Pi's growing market legitimacy and could set precedents for regulated crypto finance, though robust infrastructure support remains crucial for sustained growth.