October 8, 2024 [crocon media – msc] 📈 DeFi Technologies Sees 49% AUM Growth in 2024, with September Inflows of C$8.2 Million 💼
Toronto-based DeFi Technologies Inc. (CBOE CA: DEFI) has announced a remarkable 49% year-to-date growth in assets under management (AUM) at its subsidiary, Valour Inc., reflecting increasing investor confidence in its digital asset exchange traded products (ETPs). As of September 30, 2024, Valour boasts C$757 million (US$561 million) in AUM, driven by C$8.2 million (US$6.1 million) in net inflows for the month of September alone.
🌟 Key Products Driving Growth
Valour’s product lineup, particularly the Valour Solana SEK, Valour Near SEK, and Valour ETH Zero SEK, contributed significantly to this performance. Investors have been drawn to the innovation behind these digital asset ETPs, underscoring Valour’s leadership in bridging the gap between traditional finance and decentralized markets.
📊 Financial Resilience
DeFi Technologies also maintains a strong balance sheet with C$19.7 million (US$14.6 million) in cash and USDT and a well-diversified treasury, which includes holdings of Bitcoin, Ethereum, Cardano, Avalanche, and other top-tier tokens. With total treasury assets amounting to C$40.2 million (US$29.8 million), the company remains well-positioned to sustain future growth.
🚀 Exciting Strategic Developments
Valour recently launched its asset-backed Ethereum Physical Staking ETP on the London Stock Exchange, providing secure access to Ethereum and staking rewards for professional investors. Additionally, DeFi Technologies has filed for Nasdaq listing, a move set to bolster its presence in the U.S. market. The filing of Form 40-F with the SEC demonstrates the company’s ambition to grow further within the digital finance ecosystem.
📅 Upcoming Crypto Investor Day
Mark your calendars! Reflexivity Research, another subsidiary of DeFi Technologies, is hosting its inaugural Crypto Investor Day in New York City on October 25, 2024, attracting prominent figures from both crypto and traditional finance sectors.
With these strategic advances, DeFi Technologies continues to lead the charge in integrating DeFi with traditional capital markets, delivering value to investors and strengthening its foothold in the evolving financial landscape.
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