Defi Technologies Stock Price, News & Analysis

DeFi Technologies announced its Q1 2024 financial results, reporting record Operating Revenues of C$13.4 million and an Operating Net Income of C$5.3 million. The company's Assets Under Management (AUM) grew by 78.7%, reaching approximately C$908 million. The quarter saw strategic advancements, including the launch of multiple Exchange Traded Products (ETPs) by its subsidiary Valour Inc., and notable acquisitions such as Reflexivity Research The company forecasts annualized Operating Revenues of C$119 million for 2024, driven by ongoing AUM growth, new product launches, and integration of new acquisitions.

DeFi Technologies subsidiary, Valour Inc., has launched the world's first yield-bearing Bitcoin (BTC) ETP in collaboration with Core Foundation. This innovative product, trading under ISIN CH1213604536 on the Nordic Growth Market (NGM), offers investors a 5.65% yield with a 1.9% management fee.

The ETP leverages the Core blockchain's Satoshi Plus consensus mechanism, ensuring security and scalability. Investors can earn yield by delegating their Bitcoins to Core validators without the need to sell or trade their holdings. Yield is attributed to the Net Asset Value (NAV) daily.

Valour Bitcoin Staking (BTC) SEK ETP simplifies Bitcoin investment and maintains custodial control and security. This marks a significant milestone in digital asset investment, offering a novel way to earn returns on Bitcoin holdings.

DeFi Technologies Inc., a crypto technology company, featured in a syndicated broadcast covering its subsidiary Valour's AUM of C$748M, a 47.2% year-on-year increase. The broadcast highlights Valour's success in ETPs, with CEO Olivier Roussy Newton expressing optimism for future growth.

DeFi Technologies' subsidiary Valour Inc. launches groundbreaking ETPs for Internet Computer (ICP), Toncoin (TON), and Chainlink (LINK) in the Nordics. These ETPs provide unprecedented access to innovative ecosystems, with trading starting on May 10, 2024. The Valour ICP ETP tracks the ICP token, Valour TON ETP provides access to Toncoin, and Valour LINK ETP allows exposure to Chainlink. Reflexivity Research initiates coverage on TON, offering valuable insights for investors.

DeFi Technologies' subsidiary, Valour Inc., reports assets under management of C$748 million, up by 47.2% this fiscal year, with strong net inflows of C$6.6 million. Valour expands globally, launching a new trading desk in the UAE, introducing innovative ETPs in collaboration with the Core Foundation, and launching the first Short Spot Bitcoin ETP in the Nordics.

DeFi Technologies Inc. subsidiary Valour Inc. repaid US$19.5 million in loans using BTC and ETH collateral, eliminating monthly interest expenses of US$226,000. This strategic financial move will increase revenue generation by staking the released digital assets, showcasing Valour's financial health and capital management.

DeFi Technologies' subsidiary Valour Inc. has announced the rebalancing of the Valour Digital Asset Basket 10 (VDAB10) to include Toncoin and Shiba Inu Coin, reflecting changes in the top 10 digital assets by market capitalization. The VDAB10 ETP now offers exposure to emerging trends in the digital asset market, ensuring a transparent and rule-based approach for investors.