DeFi Technologies Provides Monthly Corporate Update: Subsidiary Valour Reports Assets Under Management at C$748 Million, Up 47.2% This Fiscal Year, Bolstered by Strong Net Inflows of C$6.6 Million, Among Other Key Developments

In This Article:

  • Significant Growth in Assets Under Management: Valour Inc., a subsidiary of DeFi Technologies, reports assets under management of C$748 million as of May 7, 2024, marking a notable year-on-year increase of 47.2%. This growth is further bolstered by strong net inflows of C$6.6 million during April, demonstrating robust investor confidence and continued demand for Valour's ETP products despite the recent downturn in digital asset markets.

  • Strategic Initiatives and Global Expansion: Valour has expanded its operations by launching a new trading desk in the United Arab Emirates, capitalizing on the region's progressive regulatory environment and high cryptocurrency adoption rates. This expansion is aimed at making ETPs globally accessible and tapping into the Middle East's dynamic financial landscape.

  • Innovative Product Launches and Blockchain Integration: Innovative Product Launches and Blockchain Integration: In collaboration with the Core Foundation, Valour plans to introduce groundbreaking ETPs, including the first-of-its-kind Yield Bearing BTC ETP and a novel Core ETP. Additionally, Valour has launched the first Short Spot Bitcoin ETP in the Nordics, known as Valour Short Bitcoin (SBTC) SEK, independently from the Core collaboration.

TORONTO, May 8, 2024 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI)(GR: RB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, "Valour"), a leading issuer of exchange traded products ("ETPs") that provide simplified access to digital assets, reports assets under management ("AUM") of C$748 million as of May 7, 2024. This figure represents a significant year-on-year increase of 47.2%.

DeFi Technologies Logo (CNW Group/DeFi Technologies Inc.)
DeFi Technologies Logo (CNW Group/DeFi Technologies Inc.)

Despite a decrease from March's AUM of C$880 million due to a downturn in digital asset prices since March 2024, the Company and Valour's strategic initiatives continue to drive substantial growth. Notably, despite a significant fall in digital asset markets during April, with Solana down 37% over the period, Valour's AUM was only 22% lower at the end of the month, buoyed by a strong net inflow of C$6.6 million.

Q1 2024 Financials: The Company would also like to announce that the Q1 2024 financials will be available after market close on May 15, 2024, with an announcement of a shareholder call to follow.

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