DEFI TECHNOLOGIES INC - DEFTF STOCK NEWS

DeFi Technologies, through its subsidiary Valour, is set to launch the Valour Solana (SOL) SEK, a new exchange traded product (ETP) on the Nordic Growth Market (NGM) starting September 16, 2021. This product simplifies investment in the Solana token (SOL), allowing both institutions and individuals to trade it as easily as traditional shares. As of September 13, 2021, Solana's market cap stands at $52.36 billion, ranking it among the top ten cryptocurrencies globally.

The Valour Solana ETP aims to enhance accessibility to the growing Solana ecosystem.

DeFi Technologies Inc. (NEO: DEFI, OTC: DEFTF) has appointed Frances Edwards as the Chief Operating Officer of its subsidiary, Valour Inc., a leader in digital asset exchange traded products (ETPs). Joining from BlackRock, where she was a director for over six years, Edwards will play a key role in expanding Valour's operations into new European markets. Her extensive background in strategic business planning and product management positions her well to drive growth in this dynamic sector.

DeFi Technologies Inc. (NEO: DEFI, OTC: DEFTF) reports that its subsidiary, Valour Inc., has achieved a remarkable US$208 million in assets under management (AUM) as of September 7, 2021, reflecting a 1400% increase since the start of the year. This growth includes a US$70 million surge in less than a month. Valour plans to launch new products and expand into Germany, which is expected to further enhance its AUM. Notably, Valour’s Bitcoin Zero product features zero management fees, positioning it uniquely in the market.

DeFi Technologies Inc. (OTC: DEFTF) reported that its Shyft Network node has earned over 300,000 Shyft tokens over two months, projecting to generate approximately 2,482,000 Shyft tokens annually. This semi-permissioned blockchain aims to facilitate compliance for virtual asset service providers. DeFi Technologies earns revenue by securing the network and validating transactions, utilizing these gains for product development and market liquidity. Executive Chairman Russell Starr emphasized the growth of their governance platform, supporting its revenue profile amid a rising DeFi total value locked (US$157 billion).

DeFi Technologies has officially joined the DeFi Alliance, a prominent group supporting early-stage tech teams in the $70 billion decentralized finance sector. The partnership will not involve any financial investment but will allow DeFi Technologies to offer mentorship and support to startups within the Alliance's accelerator programs. This initiative is expected to create new business opportunities for DeFi Technologies. The DeFi Alliance includes over 150 member companies, such as Coinbase and Cumberland DRW, and aims to expand DeFi usage to one billion users by 2025.

DeFi Technologies (OTC: DEFTF) announced that its subsidiary, Valour Inc., achieved over 1 billion SEK in assets under management (AUM), marking a remarkable increase of over 1400% since the beginning of 2021. As of August 18, 2021, Valour's AUM reached approximately US$143.5 million. Valour continues to innovate with low or no fee digital asset exchange-traded products (ETPs), including the first fully hedged Bitcoin ETP. The company plans to expand its product offerings and geographic reach, anticipating even greater growth through 2022.

DeFi Technologies has announced a conference call on August 16, 2021, at 12:00 p.m. ET to discuss its financial results for Q2 2021 and recent acquisitions of DeFi Yield Technologies and Protos Asset Management. The call aims to provide insights into the company's performance through June 30, 2021, and the strategic importance of these acquisitions. Interested individuals can access a replay until August 23, 2021. The company focuses on building value in the decentralized finance sector, targeting growth through strategic partnerships and asset management.

DeFi Technologies (OTC: DEFTF) reported a robust financial performance for Q2 2021, achieving $107M in assets under management (AUM) through its subsidiary Valour Inc. Revenue from Valour was $2.59M, suggesting potential $10.3M in annual recurring revenue. Despite a market downturn in cryptocurrencies, the company maintained a strong liquidity position with CA$28.67M in cash and liquid assets. However, the total corporate loss was CA$2.7M, reflecting ongoing challenges in the digital assets sector.

DeFi Technologies has announced a letter of intent (LOI) to acquire Protos Asset Management GmbH, enhancing its presence in the decentralized finance (DeFi) space. Protos specializes in systematically managed cryptocurrency portfolios. The acquisition will involve the issuance of 7.5 million common shares at $1.48 each. The deal requires necessary approvals and completion of due diligence. A shareholder call is scheduled for August 16, 2021, to discuss financial performance and future strategies.