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Defi Technologies (DEFTF) Stock News, Mar-May 2024

DEFTF NASDAQ

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.

Rhea-AI Summary

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.

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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.

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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.

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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.

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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.

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4.21%
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-8.69%
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Summary not available.

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FAQ

What is the current stock price of Defi Technologies (DEFTF)?

Defi Technologies (DEFTF) last closed at $3.98.