/C O R R E C T I O N -- DeFi Technologies Inc./
Valour has a larger asset base for fees and yield income, while DEFT's Nasdaq minimum bid price deficiency remains unresolved.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
DeFi Technologies (DEFT) reported that Valour's assets under management reached $640.2 million in its corrected September corporate update. As of September 25, 2026, assets under management were up 61.2% from $397.2 million at June 30, 2026. Valour continues to receive month-over-month net inflows.
Valour launched Valour Funds SPC and its first hedge fund, Smart Crypto Fund SP, on September 21, 2026, for professional and qualified investors. Additional funds, Valour Custody and a proposed UCITS investment-fund platform remain under development, with applicable regulatory requirements pending. DeFi Technologies held approximately $135 million across cash and investment holdings, with no debt, at June 30, 2026.
Nasdaq's minimum bid price deficiency remains unresolved. The extended compliance deadline is March 1, 2027; the extension did not change DEFT's listing or trading.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointValour AUM reached $640.2 million September 25, 2026, up 61.2% from June 30, 2026.
- Moderate pointApproximately $135 million in cash and investment holdings supported financial flexibility at June 30, 2026.
- Minor pointMonth-over-month net inflows continue to add investor capital to Valour's platform.
- Minor pointSmart Crypto Fund SP launched September 21, 2026, expanding Valour into actively managed hedge funds.
- Minor pointNo debt was outstanding as of June 30, 2026.
3 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.Additional hedge funds are planned under Valour Funds for professional-investor distribution.
- Minor point. Forward-looking: it has not happened yet and may not happen.Valour Custody development continues, intended to strengthen the infrastructure supporting Valour's business.
- Minor point. Forward-looking: it has not happened yet and may not happen.Proposed UCITS platform development continues, intended to broaden available investment solutions.
Negative
- Moderate pointNasdaq minimum bid price deficiency remains unresolved despite a 180-calendar-day extension through March 1, 2027.
- Minor point. Forward-looking: it has not happened yet and may not happen.Compliance requires at least US$1.00 for ten consecutive business days, followed by Nasdaq's written confirmation.
- Minor pointCustody and proposed UCITS initiatives remain subject to development requirements and applicable regulatory processes and approvals.
- Minor pointInternational marketing of planned funds is subject to applicable local requirements.
Key Figures
- Valour AUM
- $640.2 million
- As of September 25, 2026
- AUM increase
- $243 million; 61.2%
- From $397.2 million at June 30, 2026
- Nasdaq compliance extension
- 180 calendar days, through March 1, 2027
- Additional period to address the minimum bid-price deficiency
- Minimum bid-price requirement
- US$1.00 per share for at least 10 consecutive business days
- Required during the extension, followed by written Nasdaq confirmation
Previous Crypto Reports
-
Nasdaq granted additional time to meet the minimum bid-price requirement through March 1, 2027.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
aum financial
etps financial
staking technical
ucits regulatory
stablecoins financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
In the news release, DeFi Technologies Provides September Corporate Update: Valour Reports
DeFi Technologies Provides September Corporate Update: Valour Reports $640.2 Million 61.2% from Q2 End
- AUM growth: Valour reported
$640.2 million $243 million 61.2% , from$397.2 million
- Continued investor demand: Valour continues to see net inflows month over month. Higher AUM expands the asset base available to generate fee and yield income, while trading activity creates additional revenue opportunities. Inflow figures will be provided with the Company's quarterly financial results.
- Expansion into actively managed funds: Valour launched Valour Funds SPC and its first hedge fund, Smart Crypto Fund SP, while continuing development of additional fund structures, Valour Custody and its UCITS platform.
- Balance sheet strength: As of June 30, 2026, DeFi Technologies held approximately
$135 million
Valour reported assets under management of
Valour continues to see month-over-month net inflows. These inflows add investor capital to the platform, while higher AUM provides a larger base from which Valour can generate revenue. The Company will provide inflow figures with its quarterly financial results.
How Valour Turns Growth Into Revenue
Valour's revenue model connects asset growth with trading activity. Rising digital asset prices increase the value of assets held in its products and can encourage more trading and new investor inflows. Those inflows add to AUM, creating a larger base from which Valour can generate revenue.
Valour monetizes that activity in three main ways:
- Management fees: Applicable products earn fees based on the assets they hold.
- Staking and lending income: Eligible digital assets can generate staking or lending income, where permitted by the relevant product structure.
- Trading flow: Market making and trading related to Valour's products create additional revenue opportunities as investors buy and sell.
The flywheel is straightforward: rising asset values and net inflows expand AUM, while greater trading activity creates more opportunities to earn revenue.
As revenue grows, costs do not necessarily increase at the same pace, creating the potential for higher margins. The outcome depends on product mix, fee levels, staking yields, trading conditions, and operating costs.
With reported AUM of
Valour's Top 10 Digital Assets by AUM
As of September 25, 2026, Valour's ten largest digital assets by associated product AUM were:
|
Digital asset |
AUM (US$ millions) |
|
Bitcoin (BTC) |
239.28 |
|
Solana (SOL) |
157.51 |
|
Ethereum (ETH) |
65.59 |
|
XRP (XRP) |
33.10 |
|
Sui (SUI) |
22.39 |
|
Cardano (ADA) |
17.75 |
|
Hedera (HBAR) |
17.47 |
|
NEAR Protocol (NEAR) |
7.81 |
|
Avalanche (AVAX) |
7.24 |
|
Hyperliquid (HYPE) |
6.97 |
These ten assets accounted for approximately
Figures aggregate AUM across products referencing each asset, including yield-bearing, leveraged and short products where applicable. They represent product AUM, rather than net underlying asset exposure, and exclude look-through allocations from multi-asset basket products.
Valour Funds and Smart Crypto Fund SP
On September 21, 2026, Valour announced the launch of Valour Funds SPC and Smart Crypto Fund SP, its first hedge fund for professional and qualified investors.
Smart Crypto Fund SP combines Valour's infrastructure with a strategy developed and managed by Neuronomics AG, a Swiss portfolio manager in which DeFi Technologies holds a minority interest. The fund is the first hedge fund portfolio within Valour Funds SPC, a
Neuronomics' AI models assess price, volume and other market data to guide allocations across liquid digital assets. The strategy can adjust positions as conditions change and seeks to reduce exposure when signals weaken or assessed risk increases. Position sizes are subject to risk budgets, concentration limits and portfolio exposure controls.
This expands Valour's offering to include an actively managed strategy alongside its exchange traded products.
Additional Fund Structures, Custody and Platform Development
The Company continues to develop additional fund structures and investment strategies, with Smart Crypto Fund SP representing the first of several planned hedge funds under Valour Funds.
These offerings are intended for distribution through fund platforms and direct institutional relationships, with international marketing subject to applicable local requirements. They create an additional channel for reaching professional investors beyond Valour's exchange-listed ETPs.
The Company continues development work on Valour Custody and a proposed UCITS platform, consistent with its previously disclosed priorities. These initiatives remain subject to development requirements and applicable regulatory processes and approvals. They are intended to strengthen the infrastructure supporting Valour's business and broaden the investment solutions available to clients.
Further details will be announced as development and applicable regulatory processes progress.
Balance Sheet
As reported in its Q2 2026 financial results, DeFi Technologies held approximately
Management Commentary
"AUM has increased by approximately
"At the same time, we are broadening the business. Smart Crypto Fund is our first step into actively managed hedge funds, with additional fund structures, custody and a proposed UCITS platform under development. These initiatives are intended to give us more ways to serve investors and build revenue alongside our established ETP business."
Nasdaq Minimum Bid Price Compliance Update
The Company reaffirms the additional compliance period announced on September 3, 2026. Nasdaq granted DeFi Technologies a further 180 calendar days, through March 1, 2027, to address the minimum bid price deficiency under Listing Rule 5550(a)(2).
The extension itself did not change the listing or trading of the Company's common shares on the Nasdaq Capital Market under "DEFT."
As outlined in that announcement, regaining compliance requires a closing bid price of at least
The Company remains focused on addressing the deficiency and intends to monitor its bid price and evaluate available options. The extension does not constitute restored compliance, and there is no assurance that the Company will regain compliance within the allotted period or maintain all continued listing requirements.
About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) (B3:DEFT31) is a financial technology company building for the convergence of traditional capital markets and decentralized finance ("DeFi"). As a publicly listed and vertically integrated digital asset platform, DeFi Technologies provides familiar, simple, secure, and regulated access to the digital asset economy through investment products, trading and liquidity infrastructure, research, and strategic capital deployment. Its business includes Valour, a leading issuer of regulated digital asset ETPs; Stillman Digital, an institutional-grade digital asset trading and liquidity platform; and DeFi Alpha, the Company's internal business line focused on opportunistic trading, arbitrage, and other capital markets strategies. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the gateway between traditional finance and the future of digital assets. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/
DeFi Technologies Subsidiaries
About Valour
Valour Inc. and Valour Digital Securities Limited (together, "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 is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit https://valour.com.
About Stillman Digital
Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com.
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the growth of AUM; digital asset treasury strategy of the Company; expansion of digital asset ETPs; staking and lending income generated on Valour's AUM; investor interest and demand for Valour's ETP; investor confidence in digital assets generally; arbitrage opportunities by DeFi Alpha; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Correction:The "Cautionary note regarding forward-looking information:" section has been updated.
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SOURCE DeFi Technologies Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did DeFi Technologies' Valour AUM grow in the September 2026 update?
Valour's assets under management reached $640.2 million as of September 25, 2026, up 61.2% from $397.2 million at June 30, 2026. Valour also continues to see month-over-month net inflows; DeFi Technologies will provide inflow figures with its quarterly financial results.
What must DEFT do to regain Nasdaq minimum bid price compliance?
DEFT must maintain a closing bid price of at least US$1.00 per share for a minimum of ten consecutive business days during the extension, followed by written confirmation from Nasdaq. The extended deadline is March 1, 2027. The extension itself does not restore compliance.
What do Valour's top digital-asset AUM figures represent?
The figures represent product assets under management, not net underlying asset exposure. They aggregate products referencing each asset, including yield-bearing, leveraged and short products where applicable, and exclude look-through allocations from multi-asset basket products. The ten largest assets accounted for approximately 89.8% of Valour's total reported AUM on September 25, 2026.
What made up DeFi Technologies' cash and investment holdings at June 30, 2026?
The holdings comprised $70.7 million in combined cash and USDT/USDC, $19.1 million in STRC/RWUSD, $30.0 million in digital asset treasury holdings and $15.1 million in venture and private investments. DeFi Technologies had no debt at June 30, 2026.
Who manages the strategy for Valour's Smart Crypto Fund SP?
Neuronomics AG, a Swiss portfolio manager in which DeFi Technologies holds a minority interest, developed and manages the strategy. Its AI models assess price, volume and other market data to guide digital-asset allocations. Position sizes are subject to risk budgets, concentration limits and portfolio exposure controls.