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. 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.
Valour Inc. has received approval for a renewed EU-base prospectus for its digital assets ETP-products from the Swedish regulator SFSA. For December 2022, Valour's total assets under management reached $77.88M, with net sales increasing to $340.7M, indicating robust interest in its products. The new prospectus allows for an expansion of ETP offerings, aiming to enhance investor access to digital assets alongside traditional investments. Valour captured nearly 10% of the digital-asset fund inflows of $433M over the past year.
Valour Inc. (OTCQB: DEFTF) announced that its ETP products have been listed on the independent platform MoneyMoon, recognized for its superior tracking performance. Valour's Crypto ETPs consistently outperform competitors across all time frames. MoneyMoon, a leading European comparison platform with over 75,000 monthly users, appreciated Valour for its low fees and exceptional performance. Valour offers a range of digital asset ETPs with low to zero management fees and operates across various European exchanges.
Valour Inc. (OTCQB: DEFTF) has partnered with Autostock, a Swedish trading platform, to introduce Coinbot Zero, an automated trading strategy that captures weekly movements in Bitcoin prices. This service will operate within the ISK or Kapitalförsäkring framework on Nordnet in Sweden. Key features include no management fees and precise tracking of Bitcoin's price via Valour Bitcoin Zero SEK. This partnership aims to enhance crypto adoption and democratize access to digital assets for Autostock clients.
Valour Inc. has successfully closed the second tranche of its non-brokered private placement financing, raising $132,400 through the sale of 662,000 Units at C$0.20 per Unit. Each Unit consists of one common share and one-half of a common share purchase warrant, with an exercise price of $0.30 for 24 months. All issued securities will have a hold period of four months and one day, pending NEO Exchange approval. The financing aims to enhance Valour's growth in decentralized finance.