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
DeFi Technologies' subsidiary, Valour Inc., reports assets under management of C$748 million, up by 47.2% this fiscal year, with strong net inflows of C$6.6 million. Valour expands globally, launching a new trading desk in the UAE, introducing innovative ETPs in collaboration with the Core Foundation, and launching the first Short Spot Bitcoin ETP in the Nordics.
Significant 47.2% growth in assets under management to C$748 million for Valour Inc., showcasing robust investor confidence and demand for ETP products.
Strong net inflows of C$6.6 million in April, despite a downturn in digital asset markets, highlight continued investor interest and trust in Valour's offerings.
Global expansion through a new trading desk in the UAE capitalizes on the region's regulatory environment and cryptocurrency adoption rates, positioning Valour for further growth.
Innovative product launches in collaboration with the Core Foundation, including the first-of-its-kind Yield Bearing BTC ETP and a novel Core ETP, demonstrate Valour's commitment to offering unique investment opportunities.
A 22% decrease in AUM from March to April due to digital asset price fluctuations may indicate potential volatility in Valour's financial performance.
Despite the overall growth, the drop in digital asset markets during April, with Solana down 37%, could pose risks to Valour's AUM and financial stability.
- Significant Growth in Assets Under Management: Valour Inc., a subsidiary of DeFi Technologies, reports assets under management of
C as of May 7, 2024, marking a notable year-on-year increase of$748 million 47.2% . This growth is further bolstered by strong net inflows ofC during April, demonstrating robust investor confidence and continued demand for Valour's ETP products despite the recent downturn in digital asset markets.$6.6 million - 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 theMiddle 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.
Despite a decrease from March's AUM of
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.
Strategic Expansion and New Trading Desk in
Innovative Bitcoin ETPs in Collaboration with the Core Foundation: In collaboration with the Core Foundation, DeFi Technologies and Valour announced plans for new innovative ETPs, including the first-of-its-kind Yield Bearing BTC ETP, and a novel Core ETP, leveraging the unique features of the Core Chain. Additionally, Valour will manage a validator node on the Core Blockchain and plans to stake
Short Spot Bitcoin ETP: The launch of the first Short Spot Bitcoin ETP in the Nordics, known as Valour Short Bitcoin (SBTC) SEK (ISIN: CH1149139649), now trading on the Nordic Growth Market, provides experienced investors with strategic opportunities to profit from or hedge against Bitcoin's price movements.
"We are very encouraged by the strong year-on-year growth of our AUM, which reflects the sustained demand for our innovative ETP products and trust from our investors," said Olivier Roussy Newton, CEO of DeFi Technologies. "Our strategic expansions and the introduction of groundbreaking products this month underscore our commitment to providing secure, diversified, and accessible digital asset investment options. We are excited about our future prospects and remain dedicated to advancing our position in the digital asset space."
DeFi Technologies Inc. (NEO: DEFI) (GR: RB9) (OTC: DEFTF) is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised 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 professionals 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/
Valour Inc. 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. Established in 2019, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI) (GR: RB9) (OTC: DEFTF).
For more information on Valour, visit https://valour.com
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; listing of future ETPs; collaboration with Core Foundation; 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-provides-monthly-corporate-update-subsidiary-valour-reports-assets-under-management-at-c748-million-up-47-2-this-fiscal-year-bolstered-by-strong-net-inflows-of-c6-6-million-among-other-key-developments-302139314.html
SOURCE DeFi Technologies Inc.
FAQ
What is the current assets under management for Valour Inc.?
What strategic expansion did Valour undertake recently?
What innovative ETPs did Valour introduce in collaboration with the Core Foundation?
What was the impact of the digital asset market downturn on Valour's AUM?
When will Q1 2024 financials be available for DeFi Technologies?
