DeFi Technologies Provides Monthly Corporate Update: Subsidiary Valour Reports Assets Under Management at C$837 Million (US$609 Million), Up 64% This Fiscal Year, Bolstered by Continued Month Over Month Net Inflows of C$9.3 Million (US$6.75 Million), Among Other Key Developments
DeFi Technologies' subsidiary, Valour, reported a 64% year-to-date increase in Assets Under Management (AUM), reaching C$837M (US$609M) as of July 31, 2024. This growth is driven by continuous monthly net inflows of C$9.3M (US$6.75M). The company maintains a strong financial position with a cash and USDT balance of approximately C$56.2M (US$40.9M) and loans payable of C$17.9M (US$13M), alongside significant cryptocurrency holdings including 204.34 BTC, 12,775 SOL tokens, and 1,484,148 CORE tokens totaling C$20.7M (US$15.1M).
Key developments include the appointment of Andrew Forson to the board, a strategic partnership with Zero Computing, and the launch of the world's first NEAR Protocol ETP. Furthermore, DeFi Technologies signed a letter of intent to acquire Stillman Digital to enhance trading capabilities and diversify revenue streams. Notably, DeFi Alpha, the arbitrage trading desk, generated an additional C$19.3M (US$14.1M) in Q3 2024.
La controllata di DeFi Technologies, Valour, ha riportato un aumento del 64% dell'Attivo Gestito (AUM) dall'inizio dell'anno, raggiungendo C$837 milioni (US$609 milioni) al 31 luglio 2024. Questa crescita è alimentata da continui afflussi netti mensili di C$9,3 milioni (US$6,75 milioni). L'azienda mantiene una solida posizione finanziaria con un saldo di cassa e USDT di circa C$56,2 milioni (US$40,9 milioni) e prestiti da pagare di C$17,9 milioni (US$13 milioni), insieme a significative partecipazioni in criptovalute, inclusi 204,34 BTC, 12.775 token SOL e 1.484.148 token CORE per un totale di C$20,7 milioni (US$15,1 milioni).
Tra gli sviluppi chiave si annoverano la nomina di Andrew Forson nel consiglio, una partnership strategica con Zero Computing e il lancio del primo ETP al mondo basato sul Protocollo NEAR. Inoltre, DeFi Technologies ha firmato una lettera d'intenti per acquisire Stillman Digital per migliorare le capacità di trading e diversificare le fonti di reddito. Di particolare rilievo è il fatto che DeFi Alpha, il desk di trading arbitrale, ha generato ulteriori C$19,3 milioni (US$14,1 milioni) nel terzo trimestre del 2024.
La subsidiaria de DeFi Technologies, Valour, reportó un aumento del 64% en los Activos Bajo Gestión (AUM) desde el inicio del año, alcanzando C$837 millones (US$609 millones) al 31 de julio de 2024. Este crecimiento es impulsado por entradas netas mensuales continuas de C$9,3 millones (US$6,75 millones). La compañía mantiene una fuerte posición financiera con un saldo de efectivo y USDT de aproximadamente C$56,2 millones (US$40,9 millones) y préstamos por pagar de C$17,9 millones (US$13 millones), junto con significativas tenencias de criptomonedas que incluyen 204.34 BTC, 12,775 tokens SOL y 1,484,148 tokens CORE, totalizando C$20,7 millones (US$15,1 millones).
Los desarrollos clave incluyen el nombramiento de Andrew Forson en la junta, una asociación estratégica con Zero Computing, y el lanzamiento del primer ETP del mundo basado en NEAR Protocol. Además, DeFi Technologies firmó una carta de intención para adquirir Stillman Digital, con el fin de mejorar las capacidades de trading y diversificar las fuentes de ingresos. Notablemente, DeFi Alpha, el escritorio de trading de arbitraje, generó C$19,3 millones (US$14,1 millones) adicionales en el tercer trimestre de 2024.
DeFi Technologies의 자회사인 Valour는 2024년 7월 31일 기준으로 운용 자산(AUM)이 64% 증가하여 C$837백만(US$609백만)에 달했다고 보고했습니다. 이 성장은 매달 지속적인 순유입인 C$9.3백만(US$6.75백만)에 의해 추진되고 있습니다. 회사는 C$56.2백만(US$40.9백만)의 현금 및 USDT 잔고와 함께 C$17.9백만(US$13백만)의 지급해야 할 대출을 보유하고 있으며, 204.34 BTC, 12,775 SOL 토큰 및 C$20.7백만(US$15.1백만)에 달하는 1,484,148 CORE 토큰을 포함한 상당한 암호화폐 자산을 보유하고 있습니다.
주요 발전 사항으로는 Andrew Forson의 이사 선임, Zero Computing과의 전략적 파트너십 체결, 세계 최초의 NEAR 프로토콜 ETP 출시가 있습니다. 또한, DeFi Technologies는 트레이딩 능력을 향상하고 수익원을 다양화하기 위해 Stillman Digital을 인수하기 위한 의향서를 체결했습니다. 특히 DeFi Alpha의 차익 거래 데스크는 2024년 3분기에 C$19.3백만(US$14.1백만)의 추가 수익을 창출했습니다.
La filiale de DeFi Technologies, Valour, a signalé une augmentation de 64% des Actifs Sous Gestion (AUM) depuis le début de l'année, atteignant 837 millions de C$ (609 millions de dollars US) au 31 juillet 2024. Cette croissance est stimulée par des entrées nettes mensuelles continues de 9,3 millions de C$ (6,75 millions de dollars US). L'entreprise maintient une position financière solide avec un solde de trésorerie et USDT d'environ 56,2 millions de C$ (40,9 millions de dollars US) et des prêts à rembourser de 17,9 millions de C$ (13 millions de dollars US), en plus de détentions significatives en cryptomonnaies comprenant 204,34 BTC, 12 775 jetons SOL et 1 484 148 jetons CORE totalisant 20,7 millions de C$ (15,1 millions de dollars US).
Parmi les développements clés figurent la nomination d'Andrew Forson au conseil d'administration, un partenariat stratégique avec Zero Computing et le lancement du premier ETP au monde basé sur le protocole NEAR. De plus, DeFi Technologies a signé une lettre d'intention pour acquérir Stillman Digital afin d'améliorer les capacités de trading et de diversifier les sources de revenus. Notamment, DeFi Alpha, le bureau de trading d'arbitrage, a généré 19,3 millions de C$ (14,1 millions de dollars US) supplémentaires au troisième trimestre 2024.
Die Tochtergesellschaft von DeFi Technologies, Valour, berichtete von einem Anstieg von 64% bei den Assets Under Management (AUM) im Vergleich zum Jahresbeginn, der am 31. Juli 2024 C$837 Millionen (US$609 Millionen) erreichte. Dieses Wachstum wird durch kontinuierliche monatliche Nettozuflüsse von C$9,3 Millionen (US$6,75 Millionen) unterstützt. Das Unternehmen hat eine starke finanzielle Position mit einem Bargeld- und USDT-Saldo von etwa C$56,2 Millionen (US$40,9 Millionen) und zu zahlenden Darlehen von C$17,9 Millionen (US$13 Millionen) sowie bedeutenden Krypto-Beständen, darunter 204,34 BTC, 12.775 SOL-Token und 1.484.148 CORE-Token im Gesamtwert von C$20,7 Millionen (US$15,1 Millionen).
Zu den wichtigsten Entwicklungen zählen die Ernennung von Andrew Forson in den Vorstand, eine strategische Partnerschaft mit Zero Computing und die Einführung des weltweit ersten NEAR-Protokoll-ETP. Darüber hinaus unterzeichnete DeFi Technologies ein Absichtsschreiben zur Übernahme von Stillman Digital, um die Handelsmöglichkeiten zu verbessern und die Einnahmequellen zu diversifizieren. Besonders erwähnenswert ist, dass DeFi Alpha, der Arbitrage-Handelstisch, im 3. Quartal 2024 zusätzliche C$19,3 Millionen (US$14,1 Millionen) generierte.
- AUM increased by 64% YTD to C$837M (US$609M)
- Monthly net inflows of C$9.3M (US$6.75M)
- Strong financial position with C$56.2M (US$40.9M) in cash and USDT
- Cryptocurrency holdings worth C$20.7M (US$15.1M)
- Appointment of Andrew Forson to the board
- Launch of the world's first NEAR Protocol ETP
- Strategic partnership with Zero Computing
- DeFi Alpha generated additional C$19.3M (US$14.1M) in Q3 2024
- LOI signed to acquire Stillman Digital
- None.
- AUM & Continued Inflows: Valour reports AUM of
C ($837 million US ) as of July 31, 2024, marking a notable year to date increase of$609 million 64% . This growth is further bolstered by Valour's continued month-over-month strong net inflows ofC ($9.3 million US ) during July, demonstrating robust investor confidence and continued demand for Valour's ETP products.$6.75 million - Strong Financial Position: Current cash and USDT balance is approximately
C ($56.2M US ) and current loans payable stand at approximately$40.9M C ($17.9M US ). The Company also purchased and holds 204.34 BTC and diversified its treasury by acquiring$13M 12,775 SOL tokens and 1,484,148 CORE tokens, totalingC ($20.7M US ) as of August 7, 2024.$15.1M - Product Launches and Strategic Partnerships: Last month, DeFi Technologies appointed Andrew Forson to its board of directors, strengthening leadership with digital asset expertise. A strategic partnership with Zero Computing was established to enhance DeFi Alpha's trading capabilities using zero-knowledge proofs. Furthermore, Valour launched the world's first NEAR Protocol ETP on the Spotlight Stock Market, expanding its innovative ETP offerings. Additionally, DeFi Technologies signed an LOI to acquire Stillman Digital, a leading OTC desk and digital asset liquidity provider, to enhance trading capabilities and diversify revenue streams.
Valour's strategic initiatives continue to drive substantial growth, notably marked by a strong net inflow of
Top 5 Assets by Net Inflows: Valour's investment products continue to attract substantial inflows, with the following assets leading:
- Valour Solana SEK:
C ($3.1M US )$2.3M - Valour XRP SEK:
C ($1.4M US )$1.07M - Valour BTC Zero SEK:
C ($1.2M US )$938,363 - Valour Avalanche AVAX SEK:
C ($1.1M US )$802,314 - Valour NEAR SEK:
C ($724,627 US )$527,322
These products highlight the diverse range of digital assets that continue to draw investor interest and contribute significantly to the overall growth of Valour's AUM.
The Company maintains a strong financial position with a current cash balance of approximately
Q2 2024 Financial Statements
The Company plans to file its Q2 2024 financial statements on August 14, 2024.
Below is a recap of the Company's announcements from July 2024.
Board Appointment - Andrew Forson
Andrew Forson, with a background in financial and risk engineering and currently the Head of Ventures and Investments for the Hashgraph Group, was appointed to the board of directors of DeFi Technologies. His expertise is expected to significantly enhance the Company's strategic capabilities in the digital asset sector.
Strategic Partnership with Zero Computing
DeFi Technologies formed a strategic partnership with Zero Computing to enhance its arbitrage trading desk, DeFi Alpha. This partnership focuses on leveraging zero-knowledge proof technologies to improve trading strategies and expand multi-chain functionalities, specifically introducing verifiable computation to the Solana blockchain.
Expansion of BTC Treasury and Diversification
DeFi Technologies expanded its Bitcoin holdings by purchasing an additional 94.34 BTC and diversified its treasury by acquiring
Launch of NEAR Protocol ETP by Valour Inc.
Valour launched the world's first ETP for the NEAR Protocol token. This ETP provides secure and diversified exposure to the NEAR ecosystem, which is significant in the DeFi and NFT sectors and ranks among the top 20 digital assets globally.
Arbitrage Trading Gains by DeFi Alpha
DeFi Alpha, the arbitrage trading desk of DeFi Technologies, generated an additional
Acquisition of Stillman Digital
DeFi Technologies signed a letter of intent to acquire Stillman Digital, a leading OTC desk and digital asset liquidity provider. This acquisition aims to enhance the Company's trading capabilities, diversify its client base, and expand its revenue streams through new business segments such as custody, foreign exchange, and proprietary trading.
"We are immensely pleased with the performance of Valour's ETP products, as evidenced by the significant AUM growth and robust inflows this fiscal year," said Olivier Roussy Newton, CEO of DeFi Technologies. "Reflecting on recent months, the launch of the world's first ETP for the NEAR Protocol, the strategic partnership with Zero Computing, and the expansion of our digital asset treasury strategy exemplifies our commitment to innovation and market leadership. These initiatives not only underline our dedication to offering pioneering investment solutions but also ensure we meet the evolving needs of our investors. Looking ahead, our focus remains on driving value and expanding our offerings to sustain growth and reinforce our position as a leader in the digital assets space."
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 revolutionising 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 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), Near (NEAR), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Core (CORE), 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 growth of AUM; acquisition of Stillman Digital; the Company's digital asset treasury strategy; filing of the Company's Q2 2024 financial statements; listing of future ETPs; collaboration with Core Foundation; the Company's Bitcoin treasury strategy; investor interest and confidence in digital assets; 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 the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; 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
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SOURCE DeFi Technologies Inc.
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