Defi Technologies Stock Price, News & Analysis

DeFi Technologies Inc. announced that its subsidiary, Valour Inc., has been approved for Swiss VQF membership, becoming the first ETP issuer to join this self-regulatory organization. This membership ensures compliance with Swiss anti-money laundering laws, enhancing Valour's reputation as a digital asset issuer. It allows Valour to offer digital assets directly to businesses and institutions, bolstering its market presence. The membership was awarded by the Financial Market Supervisory Authority (FINMA), further validating Valour's commitment to transparency and utility for investors.

DeFi Technologies Inc. announced on April 8, 2022, the extension of its Normal Course Issuer Bid (NCIB) to repurchase common shares until April 7, 2023. Initially launched on April 13, 2021, the NCIB allows the company to buy back up to 10% of its public float, totaling approximately 20.36 million shares. Management believes this repurchase program is in the best interest of shareholders, as current market prices may undervalue the company's business. The company has already repurchased over 11 million shares since the NCIB's inception.

DeFi Technologies Inc. announced the launch of its Valour Cardano (ADA), Polkadot (DOT), and Solana (SOL) exchange-traded products (ETPs) on Euronext Paris and Amsterdam as of April 6, 2022. This initiative provides retail and institutional investors a secure method to invest in these digital assets without needing a crypto wallet. CEO Tommy Fransson emphasized the accessibility and low fees associated with these ETPs, which aim to cater to a growing interest in digital assets across Europe.

DeFi Technologies participated in a $45 million Series A funding round for Boba Network, valuing it at US$1.5 billion. This investment aims to enhance Ethereum's capabilities through Boba's Hybrid Compute platform and Optimistic Rollup technology, which promises faster transactions at lower fees. Notable co-investors include Crypto.com and M13. The funding will support ecosystem development, enabling innovative decentralized applications (dApps) and improving NFT liquidity.

DeFi Technologies Inc. (OTC: DEFTF) announces a shareholder call scheduled for April 6, 2021, at 4:15 p.m. EST to discuss its robust financial performance for the fiscal year ending December 31, 2021. The call will be led by Executive Chairman & CEO Russell Starr. DeFi Technologies focuses on bridging traditional capital markets with decentralized finance, aiming to boost investor access to innovative technologies. The company encourages shareholder participation in their ongoing efforts to tap into the growing decentralized finance ecosystem.

DeFi Technologies announced strong financial performance for the year ending December 31, 2021, reporting total revenue of $15.1 million, a 411% year-over-year increase. The company experienced a net loss of $71.5 million due to significant expenses. Key highlights include assets under management reaching $363 million through its subsidiary Valour Inc., which launched various exchange-traded products (ETPs) including Bitcoin and Ethereum ETPs. The positive cash position includes $9.2 million in cash and $459.7 million total assets.

DeFi Technologies Inc. (OTC: DEFTF) reported that its subsidiary, Valour Inc., surpassed US$274 million in assets under management (AUM) as of March 29. Valour has experienced a remarkable 205% increase in net sales, reaching over $324.5 million in March 2022, compared to $106.3 million in May 2021. The company launched two new products, Valour Avalanche and Valour Terra, and expects further growth through a joint venture with SEBA Bank AG. Valour's ETPs offer low to zero management fees and are available across four European exchanges.

DeFi Technologies announced the listing of two digital asset exchange-traded products, Valour Terra (LUNA) and Valour Avalanche (AVAX), on the Frankfurt Stock Exchange on March 25, 2022. These ETPs join existing products like Bitcoin Zero and Ethereum Zero, offering investors a low-cost way to access digital assets. LUNA and AVAX are among the top cryptocurrencies by market capitalization, valued at $33.2 billion and $22.7 billion, respectively. The company aims to meet the growing demand for regulated investment vehicles in the decentralized finance sector.

DeFi Technologies has announced that its subsidiary, Valour, has established a special purpose vehicle (SPV) to enhance the distribution of its digital asset-backed product program. This SPV will facilitate access to institutional clients and enable a wider range of digital asset products across Europe. Valour offers competitively priced, fully hedged digital asset Exchange Traded Products (ETPs) with listings on multiple European exchanges, aiming to become a leading provider in this sector.