Defi Technologies Stock Price, News & Analysis

Valour Inc. (OTCQB: DEFTF) announced the closing of the first tranche of its non-brokered private placement financing, raising $1,414,973 through the sale of 7,074,865 Units at C$0.20 each. Each unit includes one common share and a warrant to purchase another share at $0.30 within 24 months. A director purchased 2,500,000 Units, classified as a related party transaction. Valour clarified it has no direct exposure to FTX, although it holds $49,953 in venture portfolio tokens on the platform. The company plans to close a second tranche by November 21, 2022.

Valour Inc. reported total assets under management (AUM) of $112.85M for October 2022, with net sales reaching $339M. The company launched its 12th exchange traded product (ETP), the Valour Digital Asset Basket 10, as part of its strategy to merge traditional finance with decentralised finance. CEO Olivier Roussy Newton highlighted the company's growth amid macroeconomic challenges and outlined plans to expand in the DACH region. Valour also filed a new EU-base prospectus to enhance its offerings, which could lead to new investment products.

Valour Inc. has filed a new EU-base prospectus for approval with the Swedish regulator SFSA, aimed at enhancing its digital asset performance tracking securities. If approved, Valour plans to diversify its offerings by introducing various new index solutions, asset class mixes, and derivative features, such as leveraged investments. CEO Olivier Roussy Newton emphasized the goal of making digital assets accessible through innovative solutions. Valour already provides fully hedged digital asset ETPs with low management fees across European exchanges.

Valour Inc. (OTC: DEFTF) has launched its first multi-asset crypto ETP, the Valour Digital Asset Basket 10 Index (VDAB10), in partnership with Swedish index provider Vinter. The VDAB10 ETP tracks the top 10 largest crypto assets by market capitalization, capping any asset at 30%. Available for purchase on Boerse Frankfurt Zertifikate AG, it comes with a low management fee of 1.9%. This product aims to provide a diversified entry into the digital asset space for both retail and institutional investors.

Valour Inc. announces a non-brokered private placement financing of up to 25 million units at $0.20 per unit, aiming to raise gross proceeds of up to $5 million. Each unit will comprise one common share and one half of a warrant, allowing the purchase of an additional share at $0.30 for 24 months. The offering is expected to close around October 25, 2022, pending NEO Exchange approval. Proceeds will fund general corporate purposes. Investors should note potential risks associated with forward-looking information regarding DeFi and cryptocurrency.

Valour Inc. (OTC: DEFTF) appointed Olivier Roussy Newton as CEO, with Russell Starr returning to Head of Capital Markets. Roussy Newton, a co-founder, aims to accelerate growth, expand global reach, and strengthen governance. He previously led HIVE Blockchain Technologies, enhancing his qualifications. Starr emphasized Roussy Newton as a strategic choice amid challenging markets. With a focus on capital markets in North America, Starr has a proven track record in expanding Valour's product offerings across Europe. The changes are set to position Valour strongly within decentralized finance and traditional markets.

Valour has launched its Bitcoin Carbon Neutral ETP on Börse Frankfurt, making it the 11th ETP provided by the company. This product, available from September 23, 2022, allows investors to gain climate-friendly exposure to Bitcoin with a low management fee of 1.49%. Valour's initiative aligns with ESG goals by funding certified carbon removal projects to neutralize Bitcoin's carbon emissions. Partnering with Patch, the ETP ensures investments support high-integrity carbon offset projects verified by recognized standards.

Valour Inc. (OTCQB: DEFTF) has announced the extension of expiry dates for 12,684,560 share purchase warrants by three months, now set to expire on February 13, 2023. Each warrant allows the purchase of a common share at $0.25, with all terms remaining unchanged. The extension is categorized as a 'related party transaction' as 4,000,000 of these warrants are held by an insider and has been approved by independent directors. The company is relying on exemptions from minority shareholder approval, adhering to MI 61-101 regulations.

Valour Inc. announced the launch of its Binance Coin Exchange Traded Product (ETP) on Börse Frankfurt, marking its 10th ETP and the second globally to offer exposure to BNB. The Valour Binance (BNB) EUR ETP (CH1149139672) allows investors to securely access the BNB token via traditional bank channels. As of August 23, 2022, BNB ranks among the top five cryptocurrencies with a market cap of USD 48.052M. The company emphasizes a low fee model to attract investors seeking diversification with digital assets.