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DeFi Technologies Inc. (DEFTF) is a financial technology company at the forefront of merging traditional capital markets with decentralized finance (DeFi). The company recently engaged Liquid Advisors, Inc. to facilitate its cross-listing on a US securities exchange, demonstrating its commitment to growth and investor access. DeFi Technologies also launched DeFi Alpha, a specialized arbitrage trading desk that has already generated significant returns. The company further announced a Normal Course Issuer Bid to buy back common shares, signaling its confidence in its business value and prospects.
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Valour Inc. (NEO: DEFI) has seen significant market share growth on Swedish exchanges, reaching 42.71% in November 2023 from 28% in October, marking a 52.54% month-over-month increase. The company's AUM has also risen to CAD $356.5 million, an 11.41% increase from early November, reflecting strong regional demand for its digital asset products. Valour plans to introduce up to 20 new ETPs in 2024, aiming to capitalize on the growing global demand for crypto and blockchain ETPs.
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DeFi Technologies Inc. (NEO: DEFI) announces the launch of a physical backed Exchange Traded Product (ETP) for the Internet Computer Protocol (ICP) token in collaboration with DFINITY Foundation. With a market capitalization of around $2 billion, DFINITY has positioned itself as a major innovator in the blockchain space, with the ICP token ranking among the top 50 cryptocurrencies globally.
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DeFi Technologies Inc. plans to launch a Ripple (XRP) Exchange Traded Product (ETP) on a European exchange in early December 2023. The Valour Ripple XRP ETP will enable investors to gain exposure to XRP, the native cryptocurrency of the Ripple ecosystem, through banks or brokers. Ripple XRP has a market cap of $31.6 Billion and ranks fifth among all cryptocurrencies globally. DeFi Technologies also closed an oversubscribed private placement, raising C$1,890,000 for general corporate purposes.
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DeFi Technologies Inc. (NEO: DEFI) announces its financial performance for the nine months ended September 30, 2023, highlighting significant growth in assets under management (AUM) and venture portfolio investments. The company reported a cash balance of $2.1 million, AUM of $179 million, and total revenues of $5.9 million for the nine months. Despite a net loss of $(16.2) million, the adjusted net loss showed improvement, reflecting increased revenues and reduced expenses. Strategic partnerships and product innovation reinforce the company's position as a leader in regulated financial solutions.
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DeFi Technologies Inc. (NEO: DEFI) - Subsidiary Valour Inc. Achieves 28% Market Share on Swedish Exchanges, AUM Hits C$320 Million with Solana Overtaking Bitcoin
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DeFi Technologies Inc. (NEO: DEFI) announces that its venture portfolio company, SEBA Bank AG, has been granted a license by the Securities and Futures Commission (SFC) to conduct regulated financial activities in Hong Kong. This strategic advancement allows SEBA Hong Kong to offer a range of services, including dealing in and distributing securities and virtual asset-related products, providing advice on securities and virtual assets, and managing assets for both traditional and virtual securities. This marks SEBA's first regulated presence in the APAC region and aligns with DeFi Technologies' mission to bridge traditional finance with decentralized finance.
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DeFi Technologies Inc. announces that its assets under management (AUM) increased to approximately C$259M since June 30, 2023, representing a 40% growth. The company's subsidiary, Valour Inc., introduced three EUR denominated products on NGM and launched the Valour Digital Asset Basket 10 (ETP) on Nordic Growth Market. DeFi Technologies also closed a $3 million private placement of convertible notes and completed the acquisition of Neuronomics AG. William C. Steers has resigned from the board of directors.
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DeFi Technologies Inc. and Neuronomics AG have entered into a Joint Venture Agreement to develop AI-based digital asset exchange traded products and asset-backed tokens. The products will be powered by advanced AI algorithmic trading strategies. DeFi Technologies will list the products on OTC markets or regulated stock exchanges.
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FAQ
What is the current stock price of DEFI TECHNOLOGIES (DEFTF)?
The current stock price of DEFI TECHNOLOGIES (DEFTF) is $2.58 as of November 22, 2024.
What is the market cap of DEFI TECHNOLOGIES (DEFTF)?
The market cap of DEFI TECHNOLOGIES (DEFTF) is approximately 659.4M.
What is DeFi Technologies Inc. known for?
DeFi Technologies Inc. is a financial technology company that leads the convergence of traditional capital markets with decentralized finance (DeFi).
What recent engagement did DeFi Technologies Inc. announce?
DeFi Technologies Inc. announced the engagement of Liquid Advisors, Inc. to facilitate the cross-listing of its common shares on a US securities exchange.
What is the DeFi Alpha trading desk launched by DeFi Technologies Inc.?
DeFi Alpha is a specialized arbitrage trading desk by DeFi Technologies Inc. that focuses on low-risk opportunities in the crypto ecosystem and has generated substantial returns.
Why did DeFi Technologies Inc. initiate a Normal Course Issuer Bid?
DeFi Technologies Inc. initiated a Normal Course Issuer Bid to buy back common shares because the management believes the market price may not reflect the company's underlying value, making it an appropriate use of cash.
What does the engagement with Liquid Advisors signify for DeFi Technologies Inc.?
The engagement with Liquid Advisors reflects DeFi Technologies Inc.'s strategic commitment to growth, investor access, and expanding its presence in the capital market.
What is the current cash balance of DeFi Technologies Inc.?
The current cash balance of DeFi Technologies Inc. is approximately C$69.9 million (US$51 million).
Who coordinates and facilitates purchases under the Normal Course Issuer Bid for DeFi Technologies Inc.?
Ventum Financial Corp. has been appointed by DeFi Technologies Inc. to coordinate and facilitate purchases under the Normal Course Issuer Bid.
What is the focus of Reflexivity Research LLC?
Reflexivity Research LLC specializes in creating high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights.
Where can one find more information about Valour Inc.?
For more information on Valour Inc., subscriptions, and updates, visit valour.com.
How does DeFi Technologies Inc. aim to revolutionize the financial ecosystem?
DeFi Technologies Inc. aims to provide widespread investor access to the future of finance by merging traditional capital markets with decentralized finance (DeFi).
DEFI TECHNOLOGIES INC
OTC:DEFTF
DEFTF Rankings
DEFTF Stock Data
659.38M
265.49M
11.87%
0.1%
Capital Markets
Financial Services
United States of America
Toronto