DeFi Technologies Provides Monthly Corporate Update: Subsidiary Valour Reports In Assets Under Management at C$825 Million (US$593 Million), Up 62% This Fiscal Year, and Net Inflows of C$2.1 Million (US$1.5 Million) in October, Among Other Key Developments
DeFi Technologies reports strong performance through its subsidiary Valour, with Assets Under Management reaching C$757 million (US$593 million) as of October 31, 2024, marking a 62% increase year-to-date. The company saw net inflows of C$2.1 million in October, with key products like Valour SUI SEK and BTC 0 driving growth. The company maintains a strong financial position with C$12.9 million in cash/USDT and successfully eliminated debt through a C$5.5 million payment. Their digital asset treasury expanded to approximately C$43.6 million, including holdings in various cryptocurrencies. Strategic developments include the acquisition of Stillman Digital and the launch of new ETPs on the Spotlight Stock Market.
DeFi Technologies riporta risultati positivi attraverso la sua sussidiaria Valour, con un patrimonio sotto gestione che ha raggiunto C$757 milioni (US$593 milioni) al 31 ottobre 2024, segnando un 62% di incremento dall’inizio dell’anno. L’azienda ha registrato afflussi netti di C$2,1 milioni a ottobre, con prodotti chiave come Valour SUI SEK e BTC 0 che hanno spinto la crescita. L'azienda mantiene una solida posizione finanziaria con C$12,9 milioni in contante/USDT e ha eliminato con successo il debito tramite un pagamento di C$5,5 milioni. Il loro tesoro di asset digitali è aumentato a circa C$43,6 milioni, comprensivo di possedimenti in varie criptovalute. Sviluppi strategici includono l'acquisizione di Stillman Digital e il lancio di nuovi ETPs sul Mercato Azionario Spotlight.
DeFi Technologies informa sobre un rendimiento sólido a través de su subsidiaria Valour, con activos bajo gestión que alcanzan C$757 millones (US$593 millones) a fecha del 31 de octubre de 2024, marcando un incremento del 62% en lo que va del año. La compañía vio entradas netas de C$2,1 millones en octubre, siendo productos clave como Valour SUI SEK y BTC 0 los que impulsaron el crecimiento. La empresa mantiene una sólida posición financiera con C$12,9 millones en efectivo/USDT y ha eliminado exitosamente la deuda a través de un pago de C$5,5 millones. Su tesorería de activos digitales se expandió a aproximadamente C$43,6 millones, incluyendo tenencias en varias criptomonedas. Los desarrollos estratégicos incluyen la adquisición de Stillman Digital y el lanzamiento de nuevos ETPs en el Mercado de Valores Spotlight.
DeFi Technologies는 자회사인 Valour을 통해 강력한 성과를 보고하며, 2024년 10월 31일 기준으로 자산 운용 규모가 C$757 백만 (US$593 백만)에 달하고, 연초 대비 62% 증가했다고 발표했습니다. 회사는 10월에 C$2.1 백만의 순 유입이 있었으며, Valour SUI SEK 및 BTC 0와 같은 주요 제품이 성장을 이끌었습니다. 회사는 C$12.9 백만의 현금/USDT를 보유하고 있으며, C$5.5 백만의 지급을 통해 성공적으로 부채를 제거했습니다. 디지털 자산 금고는 다양한 암호화폐를 포함하여 약 C$43.6 백만으로 확대되었습니다. 전략적 발전으로는 Stillman Digital의 인수와 Spotlight 주식 시장에서의 새로운 ETP 출시가 포함됩니다.
DeFi Technologies rapporte une performance solide grâce à sa filiale Valour, avec des actifs sous gestion atteignant C$757 millions (US$593 millions) au 31 octobre 2024, marquant une augmentation de 62% depuis le début de l'année. L'entreprise a enregistré des afflux nets de C$2,1 millions en octobre, les produits clés tels que Valour SUI SEK et BTC 0 stimulant la croissance. L'entreprise maintient une solide situation financière avec C$12,9 millions en espèces/USDT et a réussi à éliminer sa dette grâce à un paiement de C$5,5 millions. Leur trésorerie d'actifs numériques a été élargie à environ C$43,6 millions, comprenant des avoirs dans diverses cryptomonnaies. Les développements stratégiques incluent l'acquisition de Stillman Digital et le lancement de nouveaux ETP sur le marché boursier Spotlight.
DeFi Technologies berichtet über eine starke Leistung durch ihre Tochtergesellschaft Valour, mit verwalteten Vermögenswerten von C$757 Millionen (US$593 Millionen) zum 31. Oktober 2024, was einen Anstieg von 62% im Jahresvergleich bedeutet. Das Unternehmen verzeichnete im Oktober netto Zufuhr von C$2,1 Millionen, wobei wichtige Produkte wie Valour SUI SEK und BTC 0 das Wachstum vorantreiben. Das Unternehmen hat eine starke finanzielle Stellung mit C$12,9 Millionen in Bar/USDT und hat erfolgreich Schulden durch eine Zahlung von C$5,5 Millionen abgebaut. Ihr digitales Vermögen hat sich auf etwa C$43,6 Millionen erweitert, einschließlich Beständen in verschiedenen Kryptowährungen. Zu den strategischen Entwicklungen gehören die Übernahme von Stillman Digital und die Einführung neuer ETPs an der Spotlight-Börse.
- 62% increase in AUM to C$757 million year-to-date
- Continued monthly net inflows of C$2.1 million in October
- Complete debt elimination through C$5.5 million payment
- 40% reduction in loans payable to C$8.3 million
- 5% increase in digital asset treasury value to C$43.6 million
- Strategic acquisition of Stillman Digital with US$20 billion trading volume history
- 36% decrease in cash and USDT balance from previous month
- AUM & Continued Month-over-Month Inflows: Valour reported
C ($757 million US ) in AUM as of October 31, 2024, a$593 million 62% increase year-to-date, driven byC ($2.1 million US ) in net inflows and appreciation of asset prices in October. Key products, including Valour SUI SEK, Valour BTC 0, and Valour TAO SEK, contributed to this strong performance, highlighting growing investor confidence in Valour's innovative digital asset ETPs.$1.5 million - Strong Financial Position: As of October 31, 2024, the cash and USDT balance stood at approximately
C ($12.9 million US ), a$9.3 million 36% decrease from the previous month, primarily due to a recentC ($5.5 million US ) debt payment that allowed Valour to successfully eliminate its debt. Current loans payable stood at approximately$4 million C ($8.3 million US ), a$6 million 40% reduction from the previous month. The Company also expanded its digital asset treasury, purchasing and holding 208.8 BTC, 121 ETH, 496,683 ADA, 111,616 DOT,13,175 SOL , 490.5 UNI, 433,322 AVAX, and 2,935,203 CORE tokens, with a total value of approximatelyC ($43.6 million US ), reflecting a$31.4 million 5% increase from the previous month as of October 31, 2024.
In October, Valour saw net inflows of
Key Products Driving Inflows:
The products contributing to this exceptional performance include:
- VALOUR SUI SEK:
C ($1,994,353 US )$1,432,993 - VALOUR BTC
0 SEK :C ($288,631 US )$207,389 - VALOUR TAO SEK:
C ($173 270US )$124,499 - VALOUR ETH
0 SEK :C ($192,314 US )$138,183 - VALOUR ICP SEK:
C ($80,018 US )$57,495
These inflows highlight Valour's leadership in providing access to diverse digital assets.
The Company maintains a strong financial position with a cash and USDT balance of approximately
Recent Strategic Developments from October include:
Valour Eliminates Debt with Recent
Valour successfully eliminated its outstanding debt with a final payment of
DeFi Technologies Completes Acquisition of Leading Digital Asset Liquidity Provider Stillman Digital
DeFi Technologies acquired Stillman Digital, a major digital asset liquidity provider with a significant market footprint, including over
DeFi Technologies' Subsidiary Valour Expands Offerings with First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on Spotlight Stock Market
Valour introduced the Valour Bittensor (TAO) SEK ETP on
DeFi Technologies' Subsidiary Valour Strengthens Nordic Market Strategy with Transfer of Crypto ETPs to Spotlight Stock Market
Valour transferred 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in
DeFi Technologies' Subsidiary Valour Expands Offerings with Valour Sui (SUI) ETP on Spotlight Stock Market
Valour launched the Valour Sui (SUI) ETP on
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. Follow DeFi Technologies 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), Sui (SUI), Bittensor (TAO), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), 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 about Valour, to subscribe, or to receive updates, 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; digital asset treasury strategy of the Company; 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 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-provides-monthly-corporate-update-subsidiary-valour-reports-in-assets-under-management-at-c825-million-us593-million-up-62-this-fiscal-year-and-net-inflows-of-c2-1-million-us1-5-million-in-october-am-302295243.html
SOURCE DeFi Technologies Inc.
FAQ
What is DeFi Technologies' (DEFTF) current AUM as of October 31, 2024?
How much net inflow did DEFTF report in October 2024?
What was the debt payment made by DEFTF in October 2024?