DeFi Technologies Venture Portfolio Company AMINA Bank Delivers Record Growth in 2024
- 136% increase in AUM to $4.2B from approximately $1B at time of investment
- 69% revenue growth to $40.4M in 2024
- Achievement of quarterly profitability in Q4 2024
- Zero defaults in lending book over five+ years
- Impressive geographic expansion with 150% YoY growth in Abu Dhabi and 570% YoY in Hong Kong
- Strong financial health with 228% Liquidity Coverage Ratio and 34% CET1 capital ratio
- Secured nearly 20 B2B2C partnerships with major European private banks
- None.
Insights
AMINA Bank's exceptional growth metrics validate DeFi Technologies' strategic investment, potentially enhancing shareholder value through its 5.07% stake.
AMINA Bank's performance metrics reveal extraordinary growth momentum across all key financial indicators. The 136% AUM growth to
What's particularly noteworthy is DeFi Technologies' investment timing and return profile. Their
The achievement of quarterly profitability in Q4 2024 marks a critical inflection point, transforming AMINA from a growth-focused entity to a sustainable financial institution. The bank's zero-default lending record across a 5+ year timespan demonstrates exceptional risk management - a crucial differentiator in digital asset banking where lending practices have historically been problematic.
AMINA's geographical diversification is delivering results, with Abu Dhabi operations growing
The bank's regulatory position appears exceptionally strong with a Liquidity Coverage Ratio of
- Transformational Growth: AMINA Bank, a DeFi Technologies venture portfolio company, grew AUM by
136% toUS and increased revenue by$4.2B 69% toUS in 2024, achieving quarterly profitability in Q4.$40.4M - Strategic Validation: DeFi Technologies made an investment of US27.35M (CHF 25M) when AMINA Bank had approximately
US AUM. The growth of AMINA Bank reinforces the Company's venture strategy and conviction in regulated digital asset banking and services.$1B - Global Expansion & Resilience: AMINA Bank doubled banking revenues across jurisdictions, grew
Abu Dhabi andHong Kong operations by150% and570% YoY respectively, and maintained zero lending defaults and capital ratios far above regulatory requirements.
DeFi Technologies holds a
Since DeFi Technologies' initial investment, AMINA Bank has executed a global transformation and posted outstanding financial results in 2024, including:
- Revenue growth of
69% , reaching USD$40.4 million 136% increase in AuM, closing the year at USD$4.2 billion in net new asset inflows (NNAs)$801 million - Quarterly profitability achieved in Q4 2024
- Zero defaults in its lending book over five+ years
- Nearly 20 active B2B2C partnerships, including some of
Europe 's largest private banks
AMINA's growth is underpinned by strong fundamentals, with a Liquidity Coverage Ratio of
"We invested in AMINA Bank when its AUM was just over
Geographically, AMINA Bank's
Looking ahead, AMINA Bank is set to launch a next-generation crypto banking platform and mobile experience in 2025, underpinned by a modern, API-first architecture designed to support B2C, B2B, and B2B2C offerings.
This performance reinforces DeFi Technologies' strategy of investing in foundational infrastructure at the intersection of traditional and decentralized finance. The Company remains focused on driving long-term value for shareholders through targeted exposure to the most innovative and institutional-ready platforms in the digital asset ecosystem.
For further information on AMINA's Q4 2024 and FY 2024 results, visit: www.aminagroup.com
About AMINA — Crypto. Banking. Simplified.
Founded in April 2018 and headquartered in
CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. Aite Group awarded AMINA their 2021 Digital Wealth Management Impact Innovation Award in the 'Digital Startup of the Year' category, and LinkedIn listed AMINA as one of the Top Startups 2021 in
About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. 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 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
About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/
About Neuronomics AG
Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit https://www.neuronomics.com/
Analyst Coverage of DeFi Technologies
A full list of DeFi Technologies analyst coverage can be found here: https://defi.tech/investor-relations#research.
For inquiries from institutional investors, funds, or family offices, please contact: ir@defi.tech
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 business plans of AMINA Bank; 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 ability of AMINA Bank to execute on its business plans; 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
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SOURCE DeFi Technologies Inc.