DeFi Technologies Inc. reports developments in financial technology for digital assets, with a business model that connects traditional capital markets and decentralized finance. News commonly covers Valour, its exchange-traded product platform for regulated access to digital assets, including new ETP listings, index and benchmark products such as the DEFT Valour Investment Opportunity Index, and commercial expansion in European and other international markets.
Company updates also address institutional partnerships, digital-asset research through Reflexivity Research, prime brokerage activity through Stillman Digital, quantitative and trading initiatives, financial results, capital-structure actions, governance matters and Nasdaq listing-compliance communications.
Valour Inc., a subsidiary of DeFi Technologies, has fully eliminated its outstanding debt with a final payment of C$5.5 million (US$4 million) on October 16, 2024. This debt clearance was achieved without issuing new equity or debt, demonstrating strong financial management. The debt-free status enhances Valour's ability to focus on growth and innovation in the digital assets market. DeFi Technologies maintains a separate US$6 million loan balance with Genesis Global Capital , expected to be resolved through bankruptcy proceedings.
DeFi Technologies' subsidiary Valour Inc. is transferring 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholm on October 21, 2024. This strategic move aims to enhance Valour's position in the Nordic ETP market and support growth in crypto-related instruments. Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume over the past year.
With this transition, Valour will have a total of 23 instruments listed on Spotlight, positioning the company for greater liquidity and market expansion. The move is part of Valour's long-term goal to become Europe's leading platform for crypto ETPs. Popular products being transferred include ETPs based on Bitcoin, Ethereum, and Solana. Holders of these instruments will not need to take any action regarding the listing change.
DeFi Technologies' subsidiary, Valour Inc., is set to transfer 19 of its ETPs from the Nordic Growth Market to the Spotlight Stock Market in Stockholm. This strategic move aims to enhance Valour's position in the Nordic ETP market, particularly for digital asset-related instruments. Over the past year, Valour's ETPs generated approximately SEK 14.3 billion (US$1.3 billion) in trading volume.
With this transition, Valour will have a total of 23 instruments listed on Spotlight, positioning the company for greater liquidity and market expansion. The move is part of Valour's long-term strategy to become Europe's leading platform for crypto ETPs. The first trading day on Spotlight is scheduled for October 21, 2024. Popular products being transferred include ETPs based on Bitcoin, Ethereum, and Solana.
DeFi Technologies' subsidiary Valour has launched the Valour Sui (SUI) ETP on Sweden's Spotlight Stock Market, expanding its digital asset offerings. The ETP provides exposure to Sui, a top 20 digital asset with a $5.37 billion market cap. Sui is a layer-1 blockchain optimized for high-speed transactions and instant finality, making it ideal for gaming and finance applications.
The Valour Sui (SUI) SEK ETP (ISIN: CH1213604601) has a 1.9% management fee and offers investors easy access to Sui's native token. Sui's unique features include an object-centric approach and a Byzantine fault-tolerant proof-of-stake consensus mechanism, enhancing scalability and transaction speed.
This launch aligns with Valour's strategy to provide innovative digital asset investment products and expand its presence in the European market.
DeFi Technologies' subsidiary Valour Inc. reported C$757 million (US$561 million) in AUM as of September 30, 2024, marking a 49% increase year-to-date. September saw net inflows of C$8.2 million (US$6.1 million), with key products like Valour Solana SEK and Valour Near SEK driving growth. The company's financial position remains strong with a cash balance of C$19.7M (US$14.6M) and diverse cryptocurrency holdings totaling C$40.2M (US$29.8M).
Recent developments include launching an Ethereum Physical Staking ETP on the London Stock Exchange, filing a Form 40-F with the SEC for potential Nasdaq listing, announcing a Crypto Investor Day in New York City, and partnering with Professional Capital Management to enter the U.S. ETF market. These initiatives underscore DeFi Technologies' commitment to bridging traditional finance with decentralized finance.
DeFi Technologies Inc. (CBOE CA: DEFI, GR: R9B, OTC: DEFTF) has successfully acquired Stillman Digital, a leading digital asset liquidity provider. Stillman Digital has processed over US$20 billion in trade volume since 2021, with US$5 billion occurring in Q2 2024 alone. The acquisition aligns with DeFi Technologies' goals of enhancing trading capabilities and diversifying its customer base and revenue streams.
Stillman Digital offers electronic trade execution, OTC block trading, and market-making services. The company plans to expand into new business segments, including Custody, Foreign Exchange, and Proprietary Trading, which are expected to drive future growth. This strategic acquisition will allow DeFi Technologies to internalize trading flows from portfolio companies like Valour and strengthen its arbitrage trading desk, DeFi Alpha, and global operations.
DeFi Technologies' subsidiary Valour has launched its first asset-backed Ethereum Physical Staking ETP on the London Stock Exchange, targeting professional investors. The product, Valour Ethereum Physical Staking ETP (Ticker: 1VET, ISIN: GB00BRBMZ190), offers direct exposure to Ethereum with staking rewards potential. Key features include:
- Physically-backed, non-leveraged exposure to ETH
- Cold storage by regulated custodians
- 1.49% management fee
- Restricted to professional and institutional investors
- Enhanced security with slashing insurance and full collateralization
This launch follows the LSE's guidance on crypto ETPs and marks a significant step in bridging traditional finance with digital assets. The product is now available for trading on the LSE's 'Professional Investors Only' segments.
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: RB9) (OTC: DEFTF), a financial technology company focused on bridging traditional capital markets with decentralized finance (DeFi), has filed a Form 40-F Registration Statement with the SEC. This filing is part of the company's application to list its common shares on the Nasdaq Stock Market. The listing is subject to Nasdaq approval and meeting all regulatory requirements, including the Form 40-F becoming effective. DeFi Technologies will maintain its current listing on the Cboe Canada Exchange. This move signifies the company's intent to expand its presence in the U.S. financial markets and potentially increase its visibility among investors.
DeFi Technologies subsidiary Reflexivity Research announces its inaugural Crypto Investor Day, scheduled for October 25th, 2024, in New York City. The event is expected to attract up to 1,000 industry leaders from both crypto and traditional finance sectors. Notable speakers include executives from VanEck, Tether, Ripple Labs, and Fidelity Digital Assets. The event will be moderated by Anthony Pompliano, Co-Founder of Reflexivity Research.
The Crypto Investor Day is supported by prominent sponsors such as Coinbase, Ledger, Grayscale, and Near. It aims to bridge the knowledge gap between traditional finance and the digital asset space, featuring fireside chats with industry leaders. This event builds on Reflexivity Research's successful Bitcoin Investor Day earlier in the year and complements the growth of its research business.
DeFi Technologies (CBOE CA: DEFI, OTC: DEFTF) reports strong performance for its subsidiary Valour Inc. As of August 31, 2024, Valour's assets under management (AUM) reached C$661 million (US$487 million), marking a 30% increase this fiscal year. Despite declining asset prices, August saw record monthly net inflows of C$14.1 million (US$10.4 million), the highest in 2024.
Key products driving inflows include Valour Solana SEK, Valour BTC Zero SEK, and Valour ETH Zero SEK. The company maintains a strong financial position with a cash balance of C$26.2 million and diversified cryptocurrency holdings totaling C$33.9 million. A recent strategic development includes an MOU with the Nairobi Securities Exchange and SovFi to launch Valour ETPs in Africa.