Defi Technologies - DEFTF STOCK NEWS

DeFi Technologies subsidiary Valour has launched the Valour Sui (SUI) ETP on Sweden's Spotlight Stock Market. The ETP provides exposure to Sui, a layer-1 blockchain with a $5.37 billion market cap, ranking among the top 20 digital assets globally. The product (ISIN: CH1213604601) features a 1.9% management fee and leverages Sui's horizontal scaling capabilities for high-throughput transactions. Sui utilizes an object-centric approach with Byzantine fault-tolerant proof-of-stake consensus, enabling independent transaction validation and enhanced scalability.

DeFi Technologies' subsidiary Valour has achieved record assets under management (AUM) of C$883 million (US$633 million), marking a 73% increase this fiscal year. Net sales of ETP products exceeded C$120 million over the past 12 months. The company has expanded to 28 ETPs and aims for 40 by year-end, with plans for 100 ETPs by 2025. The company's DeFi Alpha Strategy generated C$113.8 million in Q2 and C$19.3 million in Q3. As of October 31, 2024, the company holds C$12.9 million in cash/USDT and maintains a digital asset treasury valued at C$43.6 million.

DeFi Technologies subsidiary Valour has launched the world's first physical yield-bearing Bitcoin ETP (1VBS) on Frankfurt Börse Xetra. The product, developed in collaboration with Core Foundation, offers German investors exposure to Bitcoin with an initial fixed yield of 1.40% and a 0.9% management fee.

The 1Valour Bitcoin Physical Staking ETP (ISIN: GB00BRBV3124) leverages the Core blockchain network, which is powered by Bitcoin and provides EVM compatibility. The innovative product generates yield by delegating Bitcoins to Core validators while maintaining custodial control. Staking rewards are converted to Bitcoins and added to the ETP's NAV daily, with trading commencing on November 1, 2024.

DeFi Technologies subsidiary Valour has launched the world's first Physical Yield Bearing Bitcoin ETP (1VBS) on Frankfurt Börse Xetra, targeting German investors. The product offers exposure to Bitcoin with an initial fixed yield of 1.40% and a 0.9% management fee. The ETP (ISIN: GB00BRBV3124) operates through the Core blockchain network, which is powered by Bitcoin and features EVM compatibility.

The innovative product delegates Bitcoins to Core validators while maintaining custodial control, allowing investors to earn yield without managing their own validators. The yield is reflected daily in the Digital Asset Entitlement and NAV. Trading commenced on November 1, 2024, with Valour retaining full custodial control throughout the staking process.

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 reports significant growth through its subsidiary Valour, with Assets Under Management reaching C$825 million (US$593 million), marking a 62% increase this fiscal year. October saw net inflows of C$2.1 million, led by strong performances from Valour SUI SEK and other key products.

The company maintains a robust financial position with C$12.9 million in cash/USDT and a digital asset treasury valued at C$43.6 million. Notable developments include debt elimination through a C$5.5 million payment, the acquisition of Stillman Digital, and the launch of new ETPs including Valour Bittensor (TAO) and Valour Sui (SUI) on Sweden's Spotlight Stock Market.

DeFi Technologies' subsidiary Valour Inc. has launched the first-ever Valour Bittensor (TAO) SEK ETP on Sweden's Spotlight Stock Market. The ETP provides Nordic investors exposure to TAO, the native token of the Bittensor network, which has a market cap of $3.9 billion and ranks #25 among digital assets globally. The product features a 1.9% management fee and enables investment in Bittensor's decentralized machine learning marketplace, where AI models can exchange capabilities in a peer-to-peer network. This launch marks a significant expansion of Valour's digital asset products in the Nordic region.

Valour Inc., a subsidiary of DeFi Technologies, has fully eliminated its outstanding debt with a final payment of C$5.5 million (US$4 million) on October 16, 2024. This debt clearance was achieved without issuing new equity or debt, demonstrating strong financial management. The debt-free status enhances Valour's ability to focus on growth and innovation in the digital assets market. DeFi Technologies maintains a separate US$6 million loan balance with Genesis Global Capital , expected to be resolved through bankruptcy proceedings.

DeFi Technologies' subsidiary Valour Inc. is transferring 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholm on October 21, 2024. This strategic move aims to enhance Valour's position in the Nordic ETP market and support growth in crypto-related instruments. Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume over the past year.

With this transition, Valour will have a total of 23 instruments listed on Spotlight, positioning the company for greater liquidity and market expansion. The move is part of Valour's long-term goal to become Europe's leading platform for crypto ETPs. Popular products being transferred include ETPs based on Bitcoin, Ethereum, and Solana. Holders of these instruments will not need to take any action regarding the listing change.