DeFi Technologies Provides Monthly Corporate Update: Subsidiary Valour Reports Assets Under Management at C$661 Million (US$487 Million), Up 30% This Fiscal Year, and Records Highest Monthly Net Inflows of 2024 at C$14.1 Million (US$10.4 Million) in August
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) reports strong performance for its subsidiary Valour Inc. As of August 31, 2024, Valour's assets under management (AUM) reached C$661 million (US$487 million), marking a 30% increase this fiscal year. Despite declining asset prices, August saw record monthly net inflows of C$14.1 million (US$10.4 million), the highest in 2024.
Key products driving inflows include Valour Solana SEK, Valour BTC Zero SEK, and Valour ETH Zero SEK. The company maintains a strong financial position with a cash balance of C$26.2 million and diversified cryptocurrency holdings totaling C$33.9 million. A recent strategic development includes an MOU with the Nairobi Securities Exchange and SovFi to launch Valour ETPs in Africa.
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) riporta una performance solida per la sua sussidiaria Valour Inc. A partire dal 31 agosto 2024, gli asset in gestione (AUM) di Valour hanno raggiunto 661 milioni di C$ (487 milioni di US$), segnando un aumento del 30% in questo anno fiscale. Nonostante il calo dei prezzi degli asset, agosto ha visto flussi netti mensili record di 14,1 milioni di C$ (10,4 milioni di US$), il più alto del 2024.
I principali prodotti che guidano i flussi includono Valour Solana SEK, Valour BTC Zero SEK e Valour ETH Zero SEK. L'azienda mantiene una solida posizione finanziaria con un saldo di cassa di 26,2 milioni di C$ e un portafoglio diversificato di criptovalute che ammonta a 33,9 milioni di C$. Un recente sviluppo strategico include un MOU con la Nairobi Securities Exchange e SovFi per lanciare gli ETP di Valour in Africa.
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) informa sobre un rendimiento sólido de su filial Valour Inc. Hasta el 31 de agosto de 2024, los activos bajo gestión (AUM) de Valour alcanzaron 661 millones de C$ (487 millones de US$), marcando un incremento del 30% en este ejercicio fiscal. A pesar de la caída en los precios de los activos, agosto vio flujos netos mensuales récord de 14,1 millones de C$ (10,4 millones de US$), el más alto de 2024.
Los productos clave que impulsan los flujos incluyen Valour Solana SEK, Valour BTC Zero SEK y Valour ETH Zero SEK. La empresa mantiene una fuerte posición financiera con un saldo de efectivo de 26,2 millones de C$ y tenencias diversificadas de criptomonedas que totalizan 33,9 millones de C$. Un reciente desarrollo estratégico incluye un MOU con la Nairobi Securities Exchange y SovFi para lanzar los ETP de Valour en África.
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF)는 자회사인 Valour Inc.의 강력한 실적을 보고했습니다. 2024년 8월 31일 현재, Valour의 운용 자산(AUM)은 6억 6천 1백만 캐나다 달러(미화 4억 8천 7백만 달러)에 도달하여 이번 회계연도에 30% 증가했습니다. 자산 가격이 하락했음에도 불구하고 8월에는 월간 순유입이 1천 4백 1십만 캐나다 달러(미화 1천 4백만 달러)로 2024년 최고치를 기록했습니다.
유입을 이끄는 주요 제품으로는 Valour Solana SEK, Valour BTC Zero SEK 및 Valour ETH Zero SEK가 있습니다. 회사는 2천 6백 2십만 캐나다 달러의 현금 잔고와 3천 3백 9십만 캐나다 달러에 달하는 다양한 암호화폐 자산을 보유하여 강력한 재정 상태를 유지하고 있습니다. 최근 전략적 발전으로는 나이로비 증권 거래소 및 SovFi와의 MOU가 포함되어 아프리카에서 Valour ETP를 출시할 예정입니다.
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) rapporte une performance solide pour sa filiale Valour Inc. Au 31 août 2024, les actifs sous gestion (AUM) de Valour ont atteint 661 millions de C$ (487 millions de US$), marquant une augmentation de 30% au cours de cet exercice. Malgré la baisse des prix des actifs, le mois d'août a connu des entrées nettes mensuelles record de 14,1 millions de C$ (10,4 millions de US$), le chiffre le plus élevé de 2024.
Les produits clés qui entraînent ces entrées incluent Valour Solana SEK, Valour BTC Zero SEK et Valour ETH Zero SEK. L'entreprise maintient une forte situation financière avec un solde de trésorerie de 26,2 millions de C$ et un portefeuille de cryptomonnaies diversifié représentant un total de 33,9 millions de C$. Un récent développement stratégique comprend un MOU avec la Nairobi Securities Exchange et SovFi pour lancer les ETP de Valour en Afrique.
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) berichtet von einer starken Leistung seiner Tochtergesellschaft Valour Inc. Bis zum 31. August 2024 betrugen die verwaltenen Vermögenswerte (AUM) von Valour 661 Millionen C$ (487 Millionen US$), was einen Anstieg von 30% in diesem Geschäftsjahr bedeutet. Trotz sinkender Vermögenspreise verzeichnete der August monatliche Nettomittelzuflüsse von 14,1 Millionen C$ (10,4 Millionen US$), die höchsten im Jahr 2024.
Die wichtigsten Produkte, die die Zuflüsse antreiben, sind Valour Solana SEK, Valour BTC Zero SEK und Valour ETH Zero SEK. Das Unternehmen hält eine starke finanzielle Position mit einem Barguthaben von 26,2 Millionen C$ und diversifizierten Krypto-Assets in Höhe von insgesamt 33,9 Millionen C$. Eine aktuelle strategische Entwicklung umfasst ein MOU mit der Nairobi Securities Exchange und SovFi zur Einführung von Valour ETPs in Afrika.
- Record monthly net inflows of C$14.1 million in August 2024
- 30% increase in AUM this fiscal year, reaching C$661 million
- Strong cash position of C$26.2 million
- Diversified cryptocurrency holdings worth C$33.9 million
- Strategic MOU signed to expand into African markets
- Decline in AUM due to asset price decreases
- Loans payable of approximately C$17.5 million
- AUM & Record Inflows: Valour reports assets under management (AUM) of
C ($661 million US ) as of August 31, 2024. Despite a decline in AUM due to asset prices, August marked the highest net inflows of 2024, with a significant net inflow of$487 million C ($14.1 million US ). This growth reflects strong investor confidence and sustained demand for Valour's range of ETP products.$10.4 million - Strong Financial Position: August 31, 2024 Cash and USDT balance is approximately
C ($26.2M US ) and current loans payable stand at approximately$19.4M C ($17.5M US ). The Company also purchased and holds 204.3 BTC, and diversified its treasury holdings with 21.3 ETH, 246,683 ADA, 64,616 DOT,$13M 5,345 SOL , 490 UNI, 433,322 AVAX and 2,515,203 CORE tokens, totaling approximatelyC ($33.9M US ) as of August 31, 2024.$25.1M
Despite a downtrend in digital asset prices, Valour achieved its highest monthly net inflows of 2024, recording
Key Products Driving Inflows:
The products contributing to this exceptional performance include:
- Valour Solana SEK: C
$6.03M (US )$4.4M - Valour BTC Zero SEK: C
$3.6M (US )$2.7M - Valour ETH Zero SEK: C
$920.1 K (US )$677.6 K - Valour Cardano SEK: C
$661.2 K (US )$486.8 K - Valour NEAR SEK: C
$586.9 K (US )$432.2 K
These inflows underscore Valour's leadership in providing access to diverse digital assets via innovative ETP products.
The Company maintains a strong financial position with cash balance of approximately
Recent Strategic Developments from August include:
Landmark MOU with Nairobi Securities Exchange and SovFi to Develop and Launch Valour ETPs in
Valour signed a Memorandum of Understanding ("MOU") with the Nairobi Securities Exchange ("NSE") and SovFi Inc. to facilitate the creation, issuance, and trading of digital asset ETPs in the African market. This partnership leverages Valour's expertise in digital assets and SovFi's financial solutions to enhance market infrastructure and attract a broader investor base. The collaboration aims to increase trading volumes on the NSE, strengthening its position as a leading financial hub in
"We are pleased with the continued performance of Valour's ETP products, as demonstrated by the record-breaking inflows for 2024 and steady AUM growth this fiscal year," said Olivier Roussy Newton, CEO of DeFi Technologies. "Despite market headwinds and a decline in asset prices, August's highest net inflows of 2024 highlight strong investor confidence in our products and the growing demand for innovative digital asset solutions. Our strategic partnerships, such as the recent MOU with the Nairobi Securities Exchange, further reinforce our commitment to product innovation and market expansion. Looking ahead, we remain focused on delivering value to our investors while continuing to lead the market with cutting-edge digital asset products."
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), 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; the MOU with NSE and SovFi; 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
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-c661-million-us487-million-up-30-this-fiscal-year-and-records-highest-monthly-net-inflows-of-2024-at-c14-1-million--302243169.html
SOURCE DeFi Technologies Inc.
FAQ
What was Valour's AUM as of August 31, 2024 for DeFi Technologies (DEFTF)?
How much did Valour's net inflows increase in August 2024 for DeFi Technologies (DEFTF)?
What strategic partnership did DeFi Technologies (DEFTF) announce in August 2024?
What was DeFi Technologies' (DEFTF) cash balance as of August 31, 2024?
