Defi Technologies Stock Price, News & Analysis

DeFi Technologies' subsidiary, Valour Inc., has launched the world's first Exchange Traded Product (ETP) for the NEAR Protocol token on Sweden's Spotlight Stock Market. This innovative ETP provides investors with secure and diversified exposure to the NEAR ecosystem, which supports decentralized applications in DeFi and NFT sectors. NEAR Protocol ranks among the top 20 digital assets globally with a market capitalization of approximately US$5.6 billion.

Valour continues to expand its product offerings, having launched eleven ETPs in 2024. The company plans to introduce more digital asset ETPs in the coming months, enhancing accessibility for both retail and institutional investors. This launch marks Valour's third ETP on the Spotlight Stock Market in recent weeks, following Core (CORE) and Hedera (HBAR) ETPs.

DeFi Technologies' trading desk, DeFi Alpha, has generated an additional C$19.3 million (US$14.1 million) in Q3 2024 through low-risk arbitrage trades. This brings the total generated in 2024 to C$133.1 million (US$97.5 million) in cash and digital asset equivalents. The recent gains include C$4.0 million in USDT and C$15.3 million in digital asset inventory.

These gains will be reflected in the Company's Q3 2024 financial statements, strengthening DeFi Technologies' financial position and increasing its digital asset holdings. DeFi Alpha focuses on identifying and capitalizing on low-risk arbitrage opportunities in both centralized and decentralized cryptocurrency markets, using advanced algorithmic strategies and in-depth market analysis.

DeFi Technologies' subsidiary, Valour, reported a remarkable 37% YTD increase in assets under management (AUM), reaching C$698 million (US$512 million) as of June 30, 2024. This growth is driven by consistent monthly net inflows of C$6.5 million (US$4.8 million) despite market downturns. The company's strong financial position is evident with a cash balance of C$67.1M (US$49.3M) and loans payable of C$17.7M (US$13M). Valour's Bitcoin Staking ETP, offering a 5.65% yield, led new product inflows with C$2.3 million (US$1.7 million). Other key developments include the launch of the world's first CORE ETP, expansion of Hedera ETP, and a strategic partnership with CoinMarketCap for in-depth crypto research.

DeFi Technologies has signed a Letter of Intent (LOI) to acquire Stillman Digital Inc. and Stillman Digital Bermuda , collectively known as Stillman Digital, a leading OTC desk and digital asset liquidity provider. Stillman Digital has facilitated over US$15 billion in trade volume since 2021, including US$4 billion in Q1 2024 alone. The acquisition aims to enhance DeFi Technologies' trading capabilities, diversify its client base, and stabilize revenue streams. Future revenue will be driven by Stillman's expansion into Custody, Foreign Exchange, and Proprietary Trading. The acquisition is valued at 2.5 million common shares of DeFi Technologies, with 1 million shares subject to a lock-up schedule over a year. The definitive agreement is expected by July 31, 2024.

DeFi Technologies' subsidiary, Valour Inc., has introduced the world's first CORE ETP and expanded the world's first Hedera (HBAR) ETP on the Spotlight Stock Market. This marks the debut of ETPs on this exchange, offering innovative investment opportunities in digital assets.

The Valour CORE ETP provides exposure to the Core blockchain's native token, utilizing a unique Satoshi Plus consensus mechanism. The Valour Hedera ETP offers access to Hedera's energy-efficient HBAR cryptocurrency.

These launches signify a deepening collaboration with the Core Foundation and follow the successful Valour Bitcoin Staking ETP introduction. The Spotlight Stock Market supports high-growth companies, aligning with Valour's goals of making digital asset investments accessible and straightforward.

This move underscores DeFi Technologies' commitment to bridging traditional finance with decentralized finance and expanding digital asset product availability on traditional exchanges.

DeFi Technologies' subsidiary Valour Inc. has launched the world’s first CORE ETP and expanded the world's first Hedera (HBAR) ETP on the Spotlight Stock Market in Sweden.

The Valour CORE ETP offers investment exposure to the Core blockchain's native token, leveraging a unique Satoshi Plus consensus mechanism that combines Bitcoin's security and Ethereum's scalability. The Valour Hedera ETP provides access to Hedera's energy-efficient HBAR cryptocurrency.

This launch represents the first ETP offerings on the Spotlight Stock Market and deepens Valour's collaboration with the Core Foundation. It follows the successful launch of Valour Bitcoin Staking ETP, highlighting Valour’s dedication to providing innovative digital asset investment products.

Valour's CEO, Olivier Roussy Newton, emphasized the mission to bridge traditional finance with decentralized finance by broadening the reach and accessibility of digital asset investments.

The Spotlight Stock Market aims to simplify the listing process for growth companies, supporting high-growth and innovative firms for better visibility and security.

DeFi Technologies Inc. has released the voting results from its 2024 Annual and Special Meeting of shareholders held on June 25, 2024, in Toronto.

All director nominees listed in the management proxy circular dated May 14, 2024, were successfully elected. Olivier Roussy Newton received 99.93% votes in favor, Suzanne Ennis received 85.87%, Krisztian Toth obtained 91.44%, Stefan Hascoet garnered 94.38%, and Mikael Tandetnik secured 94.37%.

Additionally, shareholders approved the appointment of the Company's auditors with 95.05% votes in favor. The Stock Option Plan was approved by 93.84% of votes, and the Deferred Share Unit Plan was approved by 93.82% of votes.

A total of 71,685,470 common shares were voted, representing 24.64% of the issued and outstanding common shares of DeFi Technologies.

DeFi Technologies' subsidiary, Reflexivity Research, has announced a partnership with CoinMarketCap to provide users with in-depth crypto insights. The collaboration aims to deliver high-quality, actionable research on various digital assets, including fundamental analysis, market structure updates, and technical breakdowns.

CoinMarketCap users will benefit from Reflexivity Research's expertise, enhancing their ability to make informed decisions. Additionally, Reflexivity Research will host quarterly live discussions with leading crypto protocol foundations on the CMC Community Live platform.

This partnership marks a significant milestone for DeFi Technologies, as it combines their research capabilities with CoinMarketCap's extensive reach, aiming to improve digital asset education and engagement for retail users globally.

On June 19, 2024, DeFi Technologies responded to a misleading report by CoinSnacks.com, which the company believes was commissioned by short-sellers to depress its stock value (DEFTF). The report included defamatory and inaccurate statements. DeFi Technologies highlighted its strong financial position, declining a US$15 million offer due to its substantial cash reserves and debt repayments. The company reported significant revenues and income in Q1 2024, with its DeFi Alpha unit generating US$83.4 million from trading activities. DeFi Technologies has contacted regulatory authorities regarding potential market manipulation by short-sellers.