DeFi Technologies Reports Strong Growth: Valour AUM Reaches C$757 Million, Driven by Monthly Inflows

## DeFi Technologies Reports Strong Growth: Valour AUM Reaches C$757 Million, Driven by Monthly Inflows

DeFi Technologies Inc., a pioneering financial technology company at the forefront of the decentralized finance (DeFi) revolution, is celebrating another remarkable achievement. Its subsidiary, Valour Inc. and Valour Digital Securities Limited (collectively, “Valour”), a leading issuer of exchange traded products (“ETPs”), has reported an impressive C$757 million (US$593 million) in assets under management (“AUM”) as of October 31, 2024. This impressive figure reflects a 62% year-to-date increase, showcasing Valour’s continued growth trajectory and strong market position.

AUM Growth Fueled by Consistent Inflows and Market Appreciation

The robust growth in AUM can be attributed to a combination of factors. Valour experienced net inflows of C$2.1 million (US$1.5 million) in October, extending its streak of consistent monthly inflows. This demonstrates the growing investor confidence and demand for Valour’s ETPs, which provide a convenient and secure way for investors to access the digital asset market.

Furthermore, Valour has benefited from the appreciation of asset prices in October. This positive market trend has further contributed to the substantial increase in AUM, highlighting the potential for further growth in the coming months.

Key Products Driving Inflows

Several key products have played a pivotal role in driving Valour’s success and attracting significant investor interest. These include:

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VALOUR SUI SEK:

This product has garnered strong interest, attracting C$1,994,353 (US$1,432,993) in inflows. The Sui blockchain, known for its high-performance capabilities and instant transaction finality, is gaining popularity among investors seeking exposure to innovative and scalable blockchain technologies.
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VALOUR BTC 0 SEK:

Valour’s Bitcoin-focused product also saw strong demand, attracting C$288,631 (US$207,389) in inflows. Bitcoin remains the dominant cryptocurrency, attracting investors seeking to diversify their portfolios and gain exposure to the digital asset market.
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VALOUR TAO SEK:

This product, focused on the Bittensor (TAO) asset, attracted C$173,270 (US$124,499) in inflows. Bittensor is a decentralized machine-learning platform, offering investors access to a cutting-edge technology with significant potential for future growth.
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VALOUR ETH 0 SEK:

Valour’s Ethereum-focused product also saw significant inflows, attracting C$192,314 (US$138,183). Ethereum is the second-largest cryptocurrency by market capitalization and plays a vital role in the decentralized finance (DeFi) ecosystem, attracting investors seeking exposure to this rapidly growing sector.
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VALOUR ICP SEK:

This product, focused on the Internet Computer (ICP) asset, attracted C$80,018 (US$57,495) in inflows. The Internet Computer is a groundbreaking blockchain platform that aims to revolutionize the way we interact with the internet, attracting investors seeking exposure to this promising technology.

These inflows highlight Valour’s leadership in providing investors with access to a diverse range of digital assets, catering to a variety of investment strategies and risk profiles.

A Strong Financial Position

Beyond the impressive AUM growth, Valour maintains a robust financial position. As of October 31, 2024, the company held a cash and USDT balance of approximately C$12.9 million (US$9.3 million). This represents a 36% decrease from the previous month, primarily due to a recent C$5.5 million (US$4 million) debt payment. This strategic move allowed Valour to successfully eliminate its debt, further strengthening its financial stability and providing greater flexibility for future growth and expansion.

A Growing Digital Asset Treasury

Valour continues to expand its digital asset treasury, reflecting its confidence in the long-term growth potential of the digital asset sector. The company recently purchased and holds a significant portfolio of digital assets, including:

* 208.8 BTC
* 121 ETH
* 496,683 ADA
* 111,616 DOT
* 13,175 SOL
* 490.5 UNI
* 433,322 AVAX
* 2,935,203 CORE tokens

This diversified portfolio, valued at approximately C$43.6 million (US$31.4 million), represents a 5% increase from the previous month, demonstrating Valour’s commitment to strategically investing in the digital asset space. This move positions the company to capitalize on the burgeoning growth potential of this rapidly evolving sector.

Strategic Developments

In addition to its strong financial performance, Valour has been actively pursuing strategic initiatives to enhance its market position and expand its offerings. These include:

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Elimination of Debt:

Valour successfully eliminated its outstanding debt with a final payment of C$5.5 million (US$4 million) on October 16, 2024. This crucial milestone highlights Valour’s commitment to responsible financial management and positions the company for growth and expansion without the constraints of debt. This achievement underscores Valour’s strategic agility and disciplined approach to cash flow management.
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Acquisition of Stillman Digital:

DeFi Technologies acquired Stillman Digital, a leading digital asset liquidity provider, in a strategic move to enhance its trading capabilities and diversify its revenue streams. This acquisition brings valuable expertise and strengthens DeFi Technologies’ trading operations, including its arbitrage trading desk and DeFi Alpha initiatives. With Stillman’s future expansion into new segments like Custody, FX, and Proprietary Trading, supported by DeFi Technologies’ resources, the acquisition is expected to drive further revenue growth.
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Expansion into the Nordic Market:

Valour transferred 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholm. This strategic move aims to bolster its presence in the Nordic market, supporting growth and increasing liquidity. This transfer will enhance Valour’s market reach and provide investors with a broader suite of crypto-related instruments, which saw SEK 14.3 billion (US$1.3 billion) in trading volume over the past year.
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New Product Launch:

Valour launched the Valour Sui (SUI) ETP on Sweden’s Spotlight Stock Market, expanding its array of innovative digital asset offerings. This product launch underlines Valour’s dedication to broadening access to cutting-edge blockchain technologies and reinforces its strategic position in the digital asset investment landscape.

About DeFi Technologies

DeFi Technologies Inc. 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.

About Valour

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 offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks, and broker platforms. 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.

Conclusion

DeFi Technologies’ strong performance and Valour’s continued growth demonstrate the growing investor interest in the digital asset sector. The company’s strategic acquisitions, expansion into new markets, and commitment to providing innovative products position it for continued success in the future.