## Valour Inc. Achieves Debt-Free Status, Strengthening Financial Position for Growth in Digital Asset Market
Valour Inc., a leading issuer of exchange-traded products (ETPs) for digital assets and a subsidiary of DeFi Technologies Inc., has reached a significant financial milestone – becoming completely debt-free. This achievement, realized through a final payment of C$5.5 million (US$4 million) on October 16, 2024, signals a powerful step forward for Valour, allowing it to focus resources on strategic growth and expansion within the dynamic digital asset sector.
The elimination of outstanding debt provides Valour with enhanced financial agility. This strategic move allows the company to direct its resources towards innovation and exploring new product opportunities within the rapidly evolving digital asset landscape. The company’s commitment to responsible financial management is reflected in the achievement of this debt-free status without resorting to new equity or debt issuance. This disciplined approach to cash flow management underscores Valour’s commitment to sustainable growth.
A Milestone for Growth and Expansion
With its debt burden removed, Valour is now fully equipped to capitalize on the growth potential within the digital asset market. This strategic maneuver positions the company to play a leading role in providing accessible investment solutions for individuals and institutions seeking to participate in the digital asset revolution. The company’s commitment to innovation will drive the development of new and innovative products that cater to the evolving needs of investors within the digital asset landscape.
DeFi Technologies’ Continued Strategic Focus
While Valour celebrates its debt-free status, its parent company, DeFi Technologies Inc., still maintains a loan balance of $8.3 million (US$6 million) with Genesis Global Capital LLC. This balance is expected to be resolved upon the closure of Genesis’s bankruptcy proceedings. This upcoming resolution will further bolster DeFi Technologies’ overall financial footing, reinforcing its commitment to strategic financial management.
A Testament to Financial Discipline
This achievement is a direct result of Valour’s dedication to disciplined financial management. The company’s commitment to responsible capital allocation has been instrumental in achieving this important milestone. By reducing liabilities, Valour has strategically positioned itself to seize new opportunities in the digital asset industry. This financial strength allows the company to expand its product offerings and explore new markets, driving its long-term growth and enhancing its value proposition for investors and stakeholders.
Valour’s commitment to providing investors with simple and secure access to digital assets through its ETPs remains unwavering. The company continues to innovate and develop new products that cater to the growing demand for accessible and diversified investment solutions within the digital asset space. As Valour moves forward with its debt-free status, the company is poised to become a leading force in shaping the future of digital asset investment.
About Valour Inc.
Valour Inc. is a leading issuer of exchange-traded products (ETPs) providing investors with simple and secure access to digital assets. Through its innovative platform, Valour offers a range of ETPs that cater to both retail and institutional investors, enabling them to invest in digital assets through their traditional bank accounts. Valour’s commitment to transparency and innovation ensures that its products meet the evolving needs of the digital asset market. Valour is part of the asset management business line of DeFi Technologies Inc., a financial technology company at the forefront of merging traditional capital markets with decentralized finance.
About DeFi Technologies Inc.
DeFi Technologies Inc. is a financial technology company pioneering the convergence of traditional capital markets with decentralized finance (DeFi). With a focus on industry-leading Web3 technologies, DeFi Technologies aims to provide investors with widespread access to the future of finance. The company is committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. DeFi Technologies is backed by an esteemed team of experts with extensive experience in financial markets and digital assets.
