DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: RB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary Valour Inc. (“Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has achieved a record assets under management (“AUM”) of C$590 million. Additionally, Valour has launched Ripple (“XRP”) and Binance (“BNB”) ETPs on the Nordic Growth Market (“NGM”) exchange.
Valour has achieved a new record with its AUM reaching C$590 million, up from the previously announced figure of C$497 million as of January 31, 2024. This increase to C$590 million represents a notable growth of 18.7%, reflecting Valour’s solid trajectory in the market and the growing investor trust in its digital asset products. This progress emphasizes the sustained interest and confidence in digital assets among investors, positioning Valour as a key player in offering simplified access to the evolving landscape of digital investments.
Additionally, Valour has launched Ripple (XRP) and Binance (BNB) ETPs on the NGM exchange. Trading of the ETPs began on February 21, 2024. The Valour Ripple (XRP) SEK (ISIN: CH1161139584) and Binance (BNB) SEK (ISIN: CH1149139698) ETPs will enable investors to gain exposure to XRP and BNB, simply and securely, via their bank or broker.
XRP has a market cap of US$29.57 Billion and ranks sixth among all cryptocurrencies globally. Ripple XRP is a key player in the digital currency space, known for its use in facilitating rapid and low-cost international money transfers. Operating on RippleNet, XRP serves as a bridge currency in Ripple’s payment network, allowing for seamless currency exchanges worldwide. This has positioned XRP as a preferred choice for financial institutions seeking efficient alternatives to traditional cross-border payment methods.
BNB has a market cap of US$54.64 Billion and ranks fourth among all cryptocurrencies globally. BNB, previously also known as Binance Coin, is a cryptocurrency coin created and issued by the cryptocurrency exchange Binance. BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen significant growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top 5 cryptocurrencies by market capitalization.
“The introduction of the Ripple (XRP) and Binance (BNB) ETPs by Valour marks a significant expansion of our product offerings,” said Olivier Roussy Newton, CEO of DeFi Technologies. “These products underscore our commitment to making digital asset investment accessible and seamless for investors across Europe. This initiative goes beyond merely expanding our product line; it represents a strategic move towards democratizing finance and providing our clients with diversified investment opportunities in the world’s leading cryptocurrencies, amidst the evolving digital asset landscape.”
“We’re thrilled to announce the arrival of Valour BNB and Valour XRP to the vibrant investor community in the Nordics. With these additions, we proudly claim the title of the most comprehensive provider of crypto ETPs listed in the Nordics, presenting options both as singular assets and bundled within our VDAB10 product,” said Johanna Belitz, Valour Head of Nordics. “This places us in a unique position to accommodate investors keen on navigating the cryptoverse conveniently, securely, and with ease.”
Valour continues to prioritize product innovation and development, and it has plans to list additional traditional and physically backed ETPs in the coming months.
Q4 2023 Financials
The company would also like to announce that its Q4 2023 Financials will be released towards the end of March 2024. When the exact date is known the company will issue an announcement.
In addition to its novel digital asset platform, which includes 1Valour Ethereum Physical Staking ETP and 1Valour Bitcoin Physical Carbon Neutral ETP, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), Bitcoin Carbon Neutral (BTCN) and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.
About DeFi Technologies
DeFi Technologies Inc. (NEO: DEFI) (GR: RB9) (OTC: DEFTF) is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (DeFi).
With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of professionals with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem.
