Defi Technologies - DEFTF STOCK NEWS

DeFi Technologies' subsidiary Valour Inc. has rebalanced its Valour Digital Asset Basket 10 (VDAB10) and the STOXX Bitcoin Suisse Index, effective August 1, 2024. The VDAB10 rebalancing saw Solana (SOL) increase from 9.85% to 12.13%. The top constituents remain Bitcoin (30%) and Ethereum (30%), followed by Binance Coin (12.30%) and Solana (12.13%).

In July, the VDAB10 SEK rose by 6.77% and the VDAB10 EUR by 4.53%. The STOXX Bitcoin Suisse Index rebalancing, effective June 21, 2024, now includes Solana with an 18.43% allocation. The index showed a 7.76% performance increase in July. These updates reflect Valour's commitment to offering transparent, rule-based ETPs that track the evolving digital asset market.

DeFi Technologies' subsidiary, Valour, reported a 64% year-to-date increase in Assets Under Management (AUM), reaching C$837M (US$609M) as of July 31, 2024. This growth is driven by continuous monthly net inflows of C$9.3M (US$6.75M). The company maintains a strong financial position with a cash and USDT balance of approximately C$56.2M (US$40.9M) and loans payable of C$17.9M (US$13M), alongside significant cryptocurrency holdings including 204.34 BTC, 12,775 SOL tokens, and 1,484,148 CORE tokens totaling C$20.7M (US$15.1M).

Key developments include the appointment of Andrew Forson to the board, a strategic partnership with Zero Computing, and the launch of the world's first NEAR Protocol ETP. Furthermore, DeFi Technologies signed a letter of intent to acquire Stillman Digital to enhance trading capabilities and diversify revenue streams. Notably, DeFi Alpha, the arbitrage trading desk, generated an additional C$19.3M (US$14.1M) in Q3 2024.

DeFi Technologies' subsidiary, Valour Inc., has signed a Memorandum of Understanding (MOU) with the Nairobi Securities Exchange (NSE) and SovFi Inc. to develop and launch digital asset exchange-traded products (ETPs) in Africa. This collaboration aims to enhance market infrastructure, attract investors, and increase trading volumes on the NSE. Kenya, a technological innovation hub with 85% smartphone penetration, is the largest cryptocurrency market in East Africa and among the top five on the continent.

The partnership leverages Valour's expertise in digital assets and SovFi's financial solutions to expand ETP offerings and market reach in Africa. Initially, ETPs may include those related to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hedera (HBAR). This strategic move is expected to strengthen NSE's position as a leading African financial hub and contribute to Kenya's economic growth by providing innovative investment opportunities.

DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) has appointed Andrew Forson to its board of directors. Forson, currently the Head of Ventures and Investments for the Hashgraph Group, brings extensive experience in financial engineering and digital assets. His expertise includes developing structured financial products and strategic investments in the digital asset sector.

CEO Olivier Roussy Newton expressed enthusiasm about Forson's appointment, highlighting his valuable experience and forward-thinking approach. Forson's MBA from Edinburgh Business School and his role at Hedera's commercialization arm align with DeFi Technologies' goal of strengthening its leadership team in the evolving digital finance industry.

DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) has announced a strategic partnership with Zero Computing to enhance its DeFi Alpha trading desk. The collaboration aims to improve arbitrage discovery and execution capabilities while advancing zero-knowledge enabled Maximal Extractable Value (MEV) strategies. Key aspects include:

1. Leveraging Zero Computing's advanced zero-knowledge proof capabilities to optimize algorithmic strategies, improve transaction privacy, and increase operational efficiency.

2. Expanding verifiable computation to the Solana blockchain, marking a significant milestone in zero-knowledge proofs across diverse blockchain ecosystems.

3. Developing innovative financial products, including zero-knowledge index Exchange Traded Products (ETPs).

4. Enhancing DeFi Alpha's trading infrastructure to capitalize on market inefficiencies more effectively.

DeFi Technologies Inc. (CBOE CA: DEFI, OTC: DEFTF) has expanded its digital asset treasury strategy. The company has increased its Bitcoin holdings to 204.34 BTC, adding 94.34 BTC to its previous 110 BTC purchase in June 2024. Additionally, DeFi Technologies has diversified its portfolio by acquiring 12,775 Solana (SOL) tokens and 1,484,148 CORE tokens.

The company plans to participate in CORE DAO's staking facility, which allows non-custodial BTC staking. This move aims to enhance yield opportunities and contribute to network security. Solana was chosen for its high-performance blockchain, low transaction fees, and strong market activity, with a trading volume of $393.71 billion and a liquidity TVL of $865.97 million.

DeFi Technologies' subsidiary Valour Inc. has launched the world's first Exchange Traded Product (ETP) for the NEAR Protocol token on the Spotlight Stock Market in Sweden. This innovative product provides secure and diversified exposure to the NEAR ecosystem, which supports decentralized applications in the DeFi and NFT sectors.

Key highlights:

• NEAR Protocol has a market capitalization of approximately US$5.6 billion, ranking among the top 20 digital assets globally
• Valour has launched eleven ETPs in 2024, with plans to introduce more digital asset investment products
• The Valour Near (NEAR) ETP (ISIN: CH1213604577) offers both retail and institutional investors access to the NEAR ecosystem
• This is Valour's third ETP listed on the Spotlight Stock Market in Sweden in recent weeks

DeFi Technologies' subsidiary, Valour Inc., has launched the world's first Exchange Traded Product (ETP) for the NEAR Protocol token on Sweden's Spotlight Stock Market. This innovative ETP provides investors with secure and diversified exposure to the NEAR ecosystem, which supports decentralized applications in DeFi and NFT sectors. NEAR Protocol ranks among the top 20 digital assets globally with a market capitalization of approximately US$5.6 billion.

Valour continues to expand its product offerings, having launched eleven ETPs in 2024. The company plans to introduce more digital asset ETPs in the coming months, enhancing accessibility for both retail and institutional investors. This launch marks Valour's third ETP on the Spotlight Stock Market in recent weeks, following Core (CORE) and Hedera (HBAR) ETPs.

DeFi Technologies' trading desk, DeFi Alpha, has generated an additional C$19.3 million (US$14.1 million) in Q3 2024 through low-risk arbitrage trades. This brings the total generated in 2024 to C$133.1 million (US$97.5 million) in cash and digital asset equivalents. The recent gains include C$4.0 million in USDT and C$15.3 million in digital asset inventory.

These gains will be reflected in the Company's Q3 2024 financial statements, strengthening DeFi Technologies' financial position and increasing its digital asset holdings. DeFi Alpha focuses on identifying and capitalizing on low-risk arbitrage opportunities in both centralized and decentralized cryptocurrency markets, using advanced algorithmic strategies and in-depth market analysis.