DeFi Technologies Inc., a pioneer in merging traditional finance with the world of decentralized finance (DeFi), has announced strong third-quarter 2024 results, highlighting the continued growth and success of its subsidiary, Valour Inc. Valour, a leading issuer of exchange traded products (ETPs) focused on digital assets, reported assets under management (AUM) of C$757 million (US$561 million) as of September 30, 2024, marking a substantial 49% increase year-to-date. This impressive growth was driven by consistent monthly inflows, totaling C$8.2 million (US$6.1 million) in September alone.
Several key products contributed to this outstanding performance, demonstrating the increasing investor trust in Valour’s innovative offerings. These include:
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Valour Solana SEK:
C$3,314,468 (US$2,442,641)*
Valour NEAR SEK:
C$1,154,688 (US$850,963)*
Valour ETH Zero SEK:
C$923,036 (US$680,244)*
Valour Avalanche AVAX SEK:
C$882,288 (US$650,214)*
Valour Cardano SEK:
C$410,631 (US$302,620)The continued strong inflows highlight Valour’s leadership in providing access to diverse digital assets for investors. The company maintains a solid financial position with approximately C$19.7 million (US$14.6 million) in cash on hand and loans payable of approximately C$13.5 million (US$10 million) as of September 30, 2024. Additionally, DeFi Technologies has diversified its treasury holdings, owning 204.3 BTC and other cryptocurrencies like ETH, ADA, DOT, SOL, UNI, AVAX, and CORE, totaling approximately C$40.2 million (US$29.8 million) as of September 30, 2024.
September also saw several key strategic developments for DeFi Technologies:
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Valour launches Asset-backed Ethereum Physical Staking ETP:
Valour Digital Securities Limited launched its first asset-backed Ethereum Physical Staking ETP on the London Stock Exchange, providing professional investors with secure and direct access to Ethereum and its staking rewards. This non-leveraged ETP is backed by Ethereum held in cold storage by regulated custodians, further demonstrating Valour’s commitment to integrating traditional finance with DeFi.*
Form 40-F filing with the SEC:
DeFi Technologies filed a Form 40-F Registration Statement with the United States Securities and Exchange Commission (SEC) in connection with its application to list its common shares on the Nasdaq Stock Market LLC (Nasdaq). The listing remains subject to approval by Nasdaq and the satisfaction of all applicable listing and regulatory requirements, including the Form 40-F being declared effective by the SEC.*
Reflexivity Research Announces Inaugural Crypto Investor Day:
DeFi Technologies’ subsidiary, Reflexivity Research, is hosting its first Crypto Investor Day on October 25th, 2024, in New York City. This event will bring together nearly 1,000 industry leaders from both crypto and traditional finance, featuring speakers from prominent companies like VanEck, Tether, Ripple Labs, and Fidelity Digital Assets. The event is sponsored by leading names in the industry, including Coinbase, Ledger, Grayscale, and Ripple.*
Partnership with Professional Capital Management:
DeFi Technologies and Anthony Pompliano’s Professional Capital Management have partnered to target the fast-growing US ETF market. This collaboration leverages DeFi Technologies’ expertise in digital asset ETPs through Valour and Professional Capital Management’s business success and media reach, aiming to deliver innovative ETF solutions tailored to US investors and strengthen their presence in the North American market.The strong Q3 2024 results, coupled with strategic initiatives like the Nasdaq listing pursuit and partnerships like the one with Professional Capital Management, position DeFi Technologies for continued growth and success in the evolving digital asset landscape. The company’s focus on providing widespread investor access to the future of finance, backed by a team of experts in financial markets and digital assets, reinforces its commitment to revolutionizing the way individuals and institutions interact with the financial ecosystem.
