DeFi Technologies Appoints Andrew Forson to Board of Directors

Rhea-AI Summary

DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) has appointed Andrew Forson to its board of directors. Forson, currently the Head of Ventures and Investments for the Hashgraph Group, brings extensive experience in financial engineering and digital assets. His expertise includes developing structured financial products and strategic investments in the digital asset sector.

CEO Olivier Roussy Newton expressed enthusiasm about Forson's appointment, highlighting his valuable experience and forward-thinking approach. Forson's MBA from Edinburgh Business School and his role at Hedera's commercialization arm align with DeFi Technologies' goal of strengthening its leadership team in the evolving digital finance industry.

Positive

• Appointment of experienced financial and risk engineer Andrew Forson to the board of directors
• Forson brings expertise in strategic investments and innovation in the digital asset sector
• Strengthening of leadership team with industry-specific knowledge

Negative

• None.

TORONTO, July 31, 2024 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance ("DeFi"), is delighted to announce the appointment of Andrew Forson to its board of directors (the "Board").

Andrew Forson is an experienced financial and risk engineer, software architect, and trust and estate practitioner. Currently, he serves as the Head of Ventures and Investments for the Hashgraph Group, the commercialization and enablement arm of Hedera, where he has been instrumental in driving strategic investments and fostering innovation in the digital asset sector.

Mr. Forson brings a wealth of experience from his extensive background in developing structured financial products and his deep understanding of the digital asset landscape. His expertise will be invaluable as DeFi Technologies continues to expand its suite of innovative financial products and services.

"We are thrilled to welcome Andrew to our Board," said Olivier Roussy Newton, CEO of DeFi Technologies. "His vast experience in financial engineering and his forward-thinking approach to digital assets will be a tremendous asset to our Company as we continue to lead the way in the digital assets space."

Andrew Forson holds an MBA from the prestigious Edinburgh Business School. His addition to the Board aligns with DeFi Technologies' commitment to strengthening its leadership team and enhancing its strategic capabilities in the rapidly evolving digital finance industry.

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies' digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/ 

About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Core (CORE), Near (NEAR), Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Hedera  (HBAR), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour's flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. 

For more information on Valour, to subscribe, or to receive updates and financial information, visit valour.com.

Cautionary note regarding forward-looking information: 
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the appointment of Mr. Forson;  the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to, growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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SOURCE DeFi Technologies Inc.

FAQ

Who is the new board member appointed to DeFi Technologies (DEFTF)?

Andrew Forson, an experienced financial and risk engineer, software architect, and trust and estate practitioner, has been appointed to the board of directors of DeFi Technologies (DEFTF).

What is Andrew Forson's current role outside of DeFi Technologies (DEFTF)?

Andrew Forson currently serves as the Head of Ventures and Investments for the Hashgraph Group, which is the commercialization and enablement arm of Hedera.

How might Andrew Forson's appointment impact DeFi Technologies (DEFTF)?

Forson's expertise in financial engineering and digital assets is expected to be valuable as DeFi Technologies (DEFTF) expands its suite of innovative financial products and services in the digital assets space.

What educational background does the new DeFi Technologies (DEFTF) board member have?

Andrew Forson holds an MBA from Edinburgh Business School.