Mr. Russell Starr reports
VALOUR INC., DEFI TECHNOLOGIES' WHOLLY OWNED SUBSIDIARY, REACHES RECORD US$374 MILLION IN ASSETS UNDER MANAGEMENT
Defi Technologies Inc.'s wholly owned subsidiary, Valour Inc., has surpassed $374-million (U.S.) in assets under management (AUM). This achievement marks an exceptional first 10 months of 2021 as AUM increased more than 3,883 per cent since the beginning of the year. In just over one week, AUM has increased more than $70-million (U.S.).
Valour recently unveiled the world's first and only Uniswap (UNI) ETP (exchange-traded product), which was listed on the Borse Frankfurt Zertifikate AG on Oct. 27, 2021. Its recently launched Valour Solana product (ticker: Valour Solana SEK), listed on Nordic Growth Market (NGM), continues to see strong investor inflows, reaching a product AUM of $50-million (U.S.) as of Nov. 8, 2021. With the recent market expansion to Germany and anticipated listing on Euronext, the company expects continued strong growth of Valour's AUM.
Russell Starr, chief executive officer of Defi Technologies, stated: "The growth in our AUM is exceptional especially given we currently only have six ETPs. As we look to launch additional innovative ETPs related to crypto, defi, gaming, and the metaverse, we expect this growth to continue at a rapid pace."
Diana Biggs, chief executive officer of Valour and chief strategy officer of Defi Technologies, stated: "We couldn't be happier with the investor response to our products. We are working hard to continue to bring more accessible, innovative products to a growing number of markets to meet that demand."
Valour offers fully hedged digital asset exchange-traded products with low to zero management fees. Valour's Uniswap (UNI) ETP is the world's first and only, with Cardano (ADA), Polkadot (DOT) and Solana (SOL) ETPs the first of their kind in the Nordics. Valour's Bitcoin Zero and Ethereum Zero remain the first and only fully hedged, passive investment product with bitcoin (BTC) and ethereum (ETH) as underlyings, which are completely fee-free, with competitors charging up to 2.5 per cent in management fees.
About Defi Technologies Inc.
Defi Technologies is a technology company bridging the gap between traditional capital markets and decentralized finance. The company's mission is to expand investor access to industry-leading decentralized technologies which Defi believes lie at the heart of the future of finance. On behalf of its shareholders and investors, the company identifies opportunities and areas of innovation and builds and invests in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem.
About Valour Inc.
Valour issues exchange-listed financial products that enable retail and institutional investors to access investment in disruptive innovations, such as digital assets, in a simple and secure way. Established in 2019 and based in Zug, Switzerland, Valour is a wholly owned subsidiary of Defi Technologies.
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