Defi Technologies Stock Price, News & Analysis

Valour Inc. has launched a new EU-wide platform for issuing physically backed Exchange Traded Products (ETPs) on digital assets. This initiative includes white-label solutions tailored for asset managers and family offices. The company's Assets Under Management (AUM) surged by $70 million in 2023, reaching $148 million, marking a 90% increase year-to-date. The platform received regulatory approval from Swedish and Jersey authorities and allows for a potential tax advantage for German investors. Valour aims to issue up to 15 new ETP products under the name '1Valour' by year-end, catering to both institutional and retail investors. Initial custodians for the ETPs include Komainu and Copper Technologies, ensuring secure asset storage. Valour's existing product range includes various ETFs, emphasizing low management fees and strong market compliance.

Valour Inc. has launched its competitive crypto product range in France, targeting a market with significant growth potential as noted by a KPMG study indicating that 38% of the French population is interested in crypto investments. The introduction of low to zero-fee digital asset Exchange Traded Products (ETPs), including Bitcoin Zero and Ethereum Zero, positions Valour as a leader in regulated crypto investments. This move aligns with Valour's goal to democratize access to cryptocurrency through traditional financial platforms, catering to both brokers and investors in the evolving decentralized finance landscape.

Valour Inc. (NEO: DEFI, OTC: DEFTF) announced the expansion of onboarding resources at its partially owned SEBA Bank AG due to increased customer demand following recent banking instabilities. The company confirmed it has no exposure to financial issues related to Silvergate Bank, Signature Bank, or Silicon Valley Bank, ensuring investor safety. CEO Olivier Roussy Newton emphasized SEBA's strategic importance during these challenging times, as it also reported heightened customer interest. Valour Cayman continues to offer low-cost digital asset ETPs across European exchanges, including products linked to Bitcoin and Ethereum.

Valour Inc. (NEO: DEFI) (OTC: DEFTF) has announced a strategic partnership with Spirit Blockchain (CSE: SPIR), aimed at enhancing value in the blockchain and digital asset sectors. As part of the agreement, Valour will participate in Spirit's private placement. Valour's CEO, Olivier Roussy Newton, plans to join Spirit's board, while Spirit’s CEO, Lewis Bateman, will join Valour's board, focusing on product development. Both companies will set objectives and key performance metrics over the next six months. The partnership is expected to create significant growth opportunities, further aligning their interests in decentralized finance.

Valour Inc. (OTC: DEFTF) announced that its VALOUR VDAB10 Index is now the benchmark for crypto offerings on MoneyMoon, a prominent European ETP comparison platform with over 75,000 active users. Valour's ETP products are reported to outperform competitors through precise tracking. The VDAB10 Index tracks the top 10 cryptocurrencies, providing a diversified investment exposure. Valour Cayman offers low to zero management fee ETPs listed across various European platforms. CEO Olivier Francois Roussy Newton will replace Russell Starr as Executive Chairman, who remains as Head of Capital Markets.

Valour Inc. (OTC: DEFTF) announced a 44% increase in Assets Under Management (AUM) to US$112 million since the start of 2023. Its subsidiary, Valour Cayman, achieved record net sales of 1 million Solana units on January 13, 2023. Weekly turnover has surged by 300% compared to Q4 2022, bolstered by a recovering cryptocurrency market. The CEO expressed optimism about exceeding Q4 income levels if trends continue. Additionally, Valour Cayman has a US$6 million collateralized loan agreement with Genesis Global Capital, which recently filed for bankruptcy, yet Valour does not foresee the loan's validation being affected.

Valour Inc. (NEO: DEFI) (OTC: DEFTF) has received in-principle approval from the Jersey Financial Services Commission (JFSC) and submitted a new EU base prospectus to the Swedish financial regulator (SFSA) for issuing physically backed Exchange-Traded Products (ETPs). This initiative aims to enhance access to digital assets for traditional investors without requiring separate crypto wallets. The new ETPs will be listed on major European exchanges, providing an added layer of security through regulated custody of the underlying assets.